{ "docId": "019dd923-622b-71dc-a6dd-089cebe93c21", "docSlug": "a691da1ed671", "documentTitle": "BlackRock (BLK)", "authorId": "23_Bluebell_Capital", "authorName": "Giuseppe Bivona & Marco Taricco", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2024-04-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.4444444, "pageNumber": 15, "pageCount": 86, "prevPage": 14, "nextPage": 16, "slideType": "peer_benchmark", "function": "compare_peers", "density": "overcrowded", "nDataPoints": 54, "notes": "The slide uses three bar charts to highlight BlackRock's ranking relative to its self-selected compensation peer group.", "elementsJson": [ "headline_text", "subtitle_text", "bullet_list", "bar_chart_vertical", "bar_chart_vertical", "bar_chart_vertical", "footnote" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622b-71dc-a6dd-089cebe93c21/15", "deckHref": "/decks/019dd923-622b-71dc-a6dd-089cebe93c21", "deckJsonHref": "/decks/019dd923-622b-71dc-a6dd-089cebe93c21.json", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6dd-089cebe93c21#slide-15", "components": [ { "bbox": null, "kind": "callout", "text": "Out of the 18 indicated peers, BlackRock was in the bottom 50% group on a 1 year and 3 year horizon", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-2041-7259-a86c-a343b1694d10", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.3, "w": 0.45, "x": 0.05, "y": 0.54 }, "kind": "chart", "text": "BlackRock TSR vs Peers – 1 year", "attrs": null, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d6531863-7051-491f-a737-ed9411e6c461", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.3, "w": 0.45, "x": 0.52, "y": 0.15 }, "kind": "chart", "text": "BlackRock TSR vs Peers – Since BGI Acquisition", "attrs": null, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d9069d9a-8637-4156-b27d-3b3ab7494ff3", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.3, "w": 0.45, "x": 0.52, "y": 0.54 }, "kind": "chart", "text": "BlackRock TSR vs Peers – 3 year", "attrs": null, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "faedabcd-387c-404d-8420-2f2e2ceb4bb1", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.2, "w": 0.4, "x": 0.05, "y": 0.22 }, "kind": "list", "text": "Not only did BlackRock's outperformance vs the market (S&P 500) stopped 15 years ago, but also performance vs peers (indicated by BlackRock itself(1)) is deteriorating. Out of the 18 indicated peers, BlackRock was in the bottom 50% group on a 1 year and 3 year horizon", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "732e6d81-f053-4d17-9c96-8f4e74fecb57", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "metric", "text": "TSR: 556%", "attrs": null, "subkind": "primary", "toolName": "Quantification", "toolSlug": "quantification", "confidence": null, "componentId": "019dd953-2041-7259-a86c-abe01b4889fc", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "Based on the 2023 AGM proxy filing list of companies used as a reference for compensation benchmarking purposes. These are companies “that are in our industry or have similar lines of business, are competitors for our executive talent, are large, complex organizations with global reach and / or similarly sized from a revenue and market capitalization perspective” — Bluebell Capital Partners", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd953-2041-7259-a86c-a52515a4e72f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.9, "x": 0.05, "y": 0.91 }, "kind": "source-note", "text": "1. Based on the 2023 AGM proxy filing list of companies used as a reference for compensation benchmarking purposes.", "attrs": { "numbered": true }, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9cba087d-8818-4592-86cb-4fe01aed4d85", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.5, "x": 0.05, "y": 0.09 }, "kind": "title", "text": "BlackRock is not outperforming its peers either", "attrs": null, "subkind": "action-title", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ec809b75-8b2d-4305-b47c-97c92729241a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.8, "x": 0.05, "y": 0.04 }, "kind": "title", "text": "BlackRock Stock TSR is below average (and deteriorating)", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0bb4d191-8c48-4c1e-b3db-cbc8014297d4", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "comparison_frame", "slug": null, "matchId": "193fe678-00bc-43ae-a570-7d21e8076c87", "evidence": "Comparing BlackRock's performance against a peer group of 18 companies.", "confidence": 0.9 } ], "arcBeats": [ { "to": 20, "from": 10, "beatId": "ed3d1d98-4c6b-4fa5-9b05-05bd0f7c69ca", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The document highlights the consequences of not having an independent board chair", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }