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      "text": "Ancora believes reducing corporate overhead, rationalizing duplicative headcount and improving yard operations from a cost, efficiency and productivity standpoint could yield cost initiatives that are nearly double RBA's forecast",
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      "text": "Ancora believes RBA's cost targets are conservative...; ~$100 million of the cost initiatives...; IAA's U.S. SG&A expense has increased...; Ancora diligence indicates there is ~$80 million of cost...; Strained legacy costs...; Far less centralized decision making...; Opportunity to evaluate...; IAA SG&A per employee...; Opportunity to overhaul...",
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      "text": "Opportunity, Key Components, Estimated Sizing ($mm); Human Capital..., Executives..., $44-53+; Finance & Tech..., Business Tech..., $27-33+; Back-Office..., HR..., $14-17+; Indirect G&A..., Procurement..., $8-9+; Other..., Real Estate..., $7-8+; Total, $100-120+",
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