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  "docSlug": "06bee195e08c",
  "documentTitle": "Buffalo Wild Wings (BWLD)",
  "authorId": "07_Marcato",
  "authorName": "Marcato",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2016-06-13 00:00:00",
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  "pageNumber": 40,
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  "notes": "The slide uses a checkmark matrix to compare compensation structures. Red dashed boxes highlight gaps in BWLD's current incentive program.",
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      "text": "Among top-performing restaurant companies, Buffalo Wild Wings is one of the only companies whose compensation is entirely independent of EPS, ROIC or shareholder return.",
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      "text": "Among top-performing restaurant companies, Buffalo Wild Wings is one of the only companies whose compensation is entirely independent of EPS, ROIC or shareholder return. We believe that BWLD's management should be compensated on the achievement of metrics most closely tied to shareholder value creation. Marcato recommends that BWLD incorporate compensation weightings for international growth, capital efficiency, and per-share value creation.",
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      "text": "executive compensation metrics",
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      "text": "Source: Company filings. Table refers to metrics used for named executive compensation programs for 2015. Companies shown represent peers who have outperformed BWLD on a 5-year TSR basis.",
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      "text": "Comparison matrix of operating metrics and incentive programs across 8 restaurant chains.",
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      "kind": "title",
      "text": "HOW DO THE BEST-PERFORMING RESTAURANT PEERS INCENTIVIZE EXECUTIVES?",
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