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  "docSlug": "ad16f67f6f75",
  "documentTitle": "Health Management Associates (HMA)",
  "authorId": "12_Glenview",
  "authorName": "Larry Robbins",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2013-07-01 00:00:00",
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  "pageNumber": 31,
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  "slideType": "peer_benchmark",
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  "density": "balanced",
  "nDataPoints": 24,
  "notes": "The slide uses red circles to emphasize the outlier status of HMA's tenure and low board refreshment rate.",
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      "kind": "callout",
      "text": "78% of all S&P 500 boards have an average tenure of 10 years or less",
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      "text": "Average board tenure comparison chart",
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      "kind": "disclaimer",
      "text": "Source: Company filings and proxy statements. 1. Independent Directors. 2. 4/8/13 proxy. 3. 5/12/13 proxy. 4. 6/4/13 proxy. 5. 5/3/13 proxy. 6. 5/21/13 proxy. 7. Spencer Stuart Board Index, 2012.",
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      "text": "Average Board tenure: 16.9",
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      "text": "HMA Director tenure table",
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      "text": "Board composition metrics table",
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      "kind": "title",
      "text": "EXCESSIVE TENURE: THE BOARD IS INSULAR & STALE",
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      "evidence": "The document agitates the issues, highlighting the consequences of the current board and management's actions, including multiple investigations, inconsistent financial management, and misaligned executive incentive compensation.",
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