{
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  "docSlug": "ad16f67f6f75",
  "documentTitle": "Health Management Associates (HMA)",
  "authorId": "12_Glenview",
  "authorName": "Larry Robbins",
  "documentKindSlug": "activist-deck",
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  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2013-07-01 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 8,
  "pageCount": 54,
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  "nextPage": 9,
  "slideType": "expose_contradiction",
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  "density": "balanced",
  "nDataPoints": 2,
  "notes": "The slide uses a timeline to visualize high CEO turnover and links specific board members to compensation committee failures.",
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      "kind": "callout",
      "text": "In 2012, in our view, the Compensation Committee misapplied incentive compensation to Senior Management",
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      "kind": "diagram",
      "text": "Timeline of CEOs from 2001 to 2013",
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      "kind": "list",
      "text": "CEO Gary Newsome's departure announced May 28; New CEO expected by July 31; Board Committee leading search; Dauten & Knox serve on Compensation Committee; Compensation Committee misapplied incentive compensation in 2012.",
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      "kind": "quote",
      "text": "We're concerned that HMA is potentially selling itself short on its CEO search, as we've heard from many talented executives few would consider the job with a heavy-handed chairman. - RW Baird, June 12, 2013",
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      "kind": "quote",
      "text": "“We’re concerned that HMA is potentially selling itself short on its CEO search, as we’ve heard from many talented executives few would consider the job with a heavy-handed chairman.” — RW Baird, June 12, 2013",
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      "kind": "title",
      "text": "The Board is now searching for their 5th CEO in 13 years",
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      "evidence": "The slide critiques the board's oversight of CEO search and compensation.",
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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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      "evidence": "The document highlights the consistent underperformance of HMA compared to its peers.",
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