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  "docSlug": "a630b5dcec7a",
  "documentTitle": "Yahoo! Inc. (YHOO)",
  "authorId": "18_SpringOwl",
  "authorName": "SpringOwl Asset Management LLC",
  "documentKindSlug": "activist-deck",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2015-12-01 00:00:00",
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  "pageNumber": 48,
  "pageCount": 99,
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  "notes": "Uses a bulleted list to build a logical argument against management's capital allocation strategy.",
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      "kind": "callout",
      "text": "If this search group is 3,000 people and it will take until mid-2017 to launch this product, it will cost the company shareholders $1.5 Billion",
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      "text": "Yahoo has said that it thinks it can do mobile search better than Google\nYahoo's search efforts are led by a former Googler: 34 year old Enrique Munoz Torres\nMunoz is the SVP of Search even though ex-Yahoo CEO Carol Bartz outsourced Search to Microsoft in 2009 and all Yahoo search staff left the company\nYet now, Munoz's Search group is “one of the largest groups within the company”1\nMunoz said his large group is trying to “figure out what search ought to mean”\nYet, his group has only been working on it since August\nThe product also reportedly will not be ready until 2017\nIf this search group is 3,000 people and it will take until mid-2017 to launch this product, it will cost the company shareholders $1.5 Billion\nWe believe this is an inefficient use of shareholders' capital",
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      "text": "cost: $1.5 Billion",
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      "text": "one of the largest groups within the company — Enrique Munoz Torres",
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      "text": "Source: 1. http://www.ozy.com/rising-stars/is-yahoo-really-trying-to-beat-google/65377",
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      "kind": "title",
      "text": "Yahoo Has Promised To Re-create Mobile Search",
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