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  "docSlug": "d022b5102472",
  "documentTitle": "Deckers Outdoor Corporation (DECK)",
  "authorId": "07_Marcato",
  "authorName": "Richard T. McGuire III",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2017-11-01 00:00:00",
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  "pageNumber": 24,
  "pageCount": 59,
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  "density": "balanced",
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  "slideHref": "/slides/019dd923-622b-71dc-a6db-cc9e849c681c/24",
  "deckHref": "/decks/019dd923-622b-71dc-a6db-cc9e849c681c",
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      "kind": "callout",
      "text": "Long pattern of irresponsible governance practices necessitates a replacement of the Board",
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      "kind": "callout",
      "text": "Deckers' Board has not acted in best interests of shareholders:",
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      "text": "Responsible for a compensation design that is not aligned with shareholders' interests\nChanged segment reporting structure, which hides retail weakness\nAbused change of control provisions to entrench themselves\nChairman engaged in mayoral campaign during strategic review process\nLacks a credible capital allocation plan\nActions generally taken only after significant shareholder pressure\nIncumbent directors are long-tenured and lack relevant industry experience\nDirectors lack meaningful stock ownership and have not made open market stock purchases in 5 years",
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      "kind": "title",
      "text": "DECKERS' BOARD HAS A POOR RECORD OF GOVERNANCE",
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      "evidence": "The slide explicitly critiques board governance practices.",
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      "arcName": "Overcoming the Monster",
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      "evidence": "The document presents a clear problem and agitates it by highlighting the consequences of inaction.",
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      "parentBeatName": "Complication",
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