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  "docSlug": "e32b71332b7f",
  "documentTitle": "The Timken Company (TKR)",
  "authorId": "17_Relational_Investors",
  "authorName": "CalSTRS",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2013-03-01 00:00:00",
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  "pageNumber": 29,
  "pageCount": 42,
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  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "Uses a direct quote from a Group President to expose the contradiction.",
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      "kind": "callout",
      "text": "Timken includes commoditized steel makers in its peer group even after years of arguing to the market that Timken’s Steel business has nothing in common with those producers.",
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      "kind": "paragraph",
      "text": "Timken includes commoditized steel makers in its peer group even after years of arguing to the market that Timken's Steel business has nothing in common with those producers:",
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      "kind": "quote",
      "text": "\"And finally, I want to finish with our Steel business. After speaking with many of you, this is clearly the most misunderstood business within The Timken Company from the general population. To start with, it's first of all very important to understand this business is not Nucor; it's not U. S. Steel. We don't even compete with those kinds of people. This is an engineered materials business that is focused on providing complex technical solutions to mechanical power transmission markets.\"",
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      "kind": "quote",
      "text": "\"And finally, I want to finish with our Steel business. After speaking with many of you, this is clearly the most misunderstood business within The Timken Company from the general population. To start with, it's first of all very important to understand this business is not Nucor; it's not U. S. Steel. We don't even compete with those kinds of people. This is an engineered materials business that is focused on providing complex technical solutions to mechanical power transmission markets.\" — Chris Coughlin, Group President, 12/6/11",
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      "text": "-Chris Coughlin, Group President, 12/6/11",
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      "kind": "title",
      "text": "The Peer Group is Timken Uses is Inappropriate and Misleading",
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