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  "documentTitle": "Multiple (ValueAct portfolio: Moody's, CBRE, Motorola Solutions, Adobe, Halliburton, Autodesk, Gardner Denver, Sara Lee, Verisign, CR Bard)",
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  "authorName": "Jeff Ubben",
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      "text": "Management Compensation: 2000 - Shareholders reject less than 1% of option plans",
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      "text": "Slate Proposals: 1996-2002 - Market Cap > $200mm: 2 alternative slates per year (ex. hostile takeovers)",
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      "text": "CEO Turnover: 1993-1999 - 1000 public companies: 1% per year fired; CEO turnover significantly higher in subsidiaries than corporate",
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      "text": "1 Bebchuk, Business Lawyer 59, 2003; 2 Subramanian, et. al \"Performance Incentives,\" Brandeis University, 2002; 3 McNeil, et. al \"Management Turnover\" Penn State School of Business working paper, 2003; 4 Thomas and Martin \"The Determinants of Shareholder Voting,\" Wake Forest Law Review 35, 2000",
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      "text": "The Past Reign of Shareholder Passivity",
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