{
  "docId": "019dd923-622b-71dc-a6dc-6f41ca4b5e6c",
  "docSlug": "3544dfcc3316",
  "documentTitle": "Viacom (VIAB)",
  "authorId": "18_SpringOwl",
  "authorName": "Eric Jackson",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2016-01-13 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 30,
  "pageCount": 99,
  "prevPage": 29,
  "nextPage": 31,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 4,
  "notes": "Uses rhetorical questioning to frame the contradiction of director independence.",
  "elementsJson": [
    "headline_text",
    "bullet_list",
    "callout_box"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6dc-6f41ca4b5e6c/30",
  "deckHref": "/decks/019dd923-622b-71dc-a6dc-6f41ca4b5e6c",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6dc-6f41ca4b5e6c.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6dc-6f41ca4b5e6c#slide-30",
  "components": [
    {
      "bbox": {
        "h": 0.12,
        "w": 0.82,
        "x": 0.09,
        "y": 0.77
      },
      "kind": "callout",
      "text": "1. The 2015 ISS report urged votes against the entire Compensation and Audit Committees (6 directors total) vs. 1 director in 2014\n2. The ISS \"Withhold\" recommendations applied to 55% of the current board",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9e842883-9210-4669-9f5f-d02b49c541b8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "We Believe Almost 75% of the VIAB board are not independent by a reasonable definition; ISS recommends a “substantial majority of a board be independent”",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-f5d3-71df-9938-4785943cf395",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.82,
        "x": 0.09,
        "y": 0.68
      },
      "kind": "list",
      "text": "This helps explain why Viacom executive pay has been so high even in the face of underwhelming corporate performance",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "48836b01-ec5b-4f43-82ce-8f4717261817",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.82,
        "x": 0.09,
        "y": 0.24
      },
      "kind": "list",
      "text": "Viacom classifies 3 of its 11 directors as \"independent\" even though they have ties to VIAB, CBS or Redstone: Deborah Norville, Frederic Salerno, William Schwartz.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "69d5514c-6e81-4053-a041-2403bf4372bb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.82,
        "x": 0.09,
        "y": 0.59
      },
      "kind": "list",
      "text": "We Believe Almost 75% of the VIAB board are not independent by a reasonable definition; ISS recommends a \"substantial majority of a board be independent\"",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c6490475-804e-41d1-98d6-f32547769a70",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.15,
        "x": 0.19,
        "y": 0.92
      },
      "kind": "source-note",
      "text": "Source: ISS Viacom Report",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0188894c-6f34-48f2-a489-bf67ed14bbac",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.82,
        "x": 0.09,
        "y": 0.13
      },
      "kind": "title",
      "text": "Deborah Norville is an \"Independent\" Director?",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c2e04865-485a-4508-96a9-522beffb7dce",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "ceo-quote-contradiction",
      "slug": null,
      "matchId": "edb4ac7b-d838-4723-ac7b-a413359c465b",
      "evidence": "Contradicts the company's claim of independence with specific examples of ties to the controlling interest.",
      "confidence": 0.8
    }
  ],
  "arcBeats": [
    {
      "to": 40,
      "from": 11,
      "beatId": "3fbc1753-34ff-47c1-96df-2b6cd8783239",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Agitate (Make it worse)",
      "beatSlug": "problem-agitate-solution-agitate-make-it-worse",
      "evidence": "The deck then agitates the problems, highlighting the consequences of inaction and the failures of Viacom's management and board.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}