{
  "docId": "019dd923-622b-71dc-a6dc-52ab24c53815",
  "docSlug": "1dca9cf84925",
  "documentTitle": "Union Pacific Corporation (UNP)",
  "authorId": "15_Soroban",
  "authorName": "Eric Mandelblatt",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2023-02-22 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 28,
  "pageCount": 43,
  "prevPage": 27,
  "nextPage": 29,
  "slideType": "comparison_table",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 28,
  "notes": "The slide highlights a failure to meet self-imposed targets and a decline in performance compared to a previous period under specific leadership.",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "comparison_table",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6dc-52ab24c53815/28",
  "deckHref": "/decks/019dd923-622b-71dc-a6dc-52ab24c53815",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6dc-52ab24c53815.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6dc-52ab24c53815#slide-28",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Despite this, at year-end UNP missed 5 out of its 7 service metric targets",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-ee3b-7248-a18e-960870a40478",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "service metric targets: 5 out of 7",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-ee3b-7248-a18e-9b33a1e463a2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.9,
        "x": 0.05,
        "y": 0.12
      },
      "kind": "paragraph",
      "text": "Service metric targets established by UNP in its June 2022 STB filing with a timeline of year-end were significantly below 2019 levels, when Jim Vena led UNP's operations. Despite this, at year-end UNP missed 5 out of 7 service metric targets",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a7489273-88c8-4c5e-935c-9dfd88c10adc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.92
      },
      "kind": "source-note",
      "text": "(1) UNP's final Service Progress Report filed to the STB in 2022, dated 12/30/2022. (2) From 10/28/2022 STB filing, depicting averages over an eight-week period in 2019. (3) UNP's latest Service Progress Report filed to the STB as of 2/22/2023.",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f91692fd-1b6e-4b73-9a71-69afd110507b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.68,
        "w": 0.9,
        "x": 0.05,
        "y": 0.22
      },
      "kind": "table",
      "text": "Comparison table of 7 service metrics across targets, 2022 results, and 2019 benchmarks.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a041b5b9-6a5d-4a04-acd1-2d5bf3e09ff8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.7,
        "x": 0.05,
        "y": 0.03
      },
      "kind": "title",
      "text": "UNP failed to hit the service targets it established for the STB...",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7b9d4237-e6a0-44ef-9869-c045948ce2b0",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "comparison_frame",
      "slug": null,
      "matchId": "4d593aab-4f96-48e6-8db9-07e77455a8cb",
      "evidence": "The slide explicitly compares 2022 targets vs results and 2022 results vs 2019 benchmarks to expose performance failure.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}