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  "documentTitle": "Taubman Centers, Inc. (TCO)",
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  "authorName": "Land and Buildings",
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  "presentationDate": "2017-11-13 00:00:00",
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  "notes": "The slide serves as a summary of the activist's thesis and a warning to the board.",
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      "kind": "callout",
      "text": "If underperformance persists, shareholders will have no choice but to hold management and the Board accountable",
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      "text": "Significant share price upside; potential loss of board control; underperformance vs peers; governance concerns regarding by-laws and director appointments; NAV valuation gap; management credibility issues.",
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      "text": "share price upside: 50%",
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      "kind": "source-note",
      "text": "Source: Land & Buildings' analysis, Wall Street research, Company and Class A Mall Peer filings. Note: Based on returns through November 10, 2017",
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      "text": "What's Next? The Troubling Status Quo Is Unsustainable",
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