{ "docId": "019dd923-622c-750b-8b95-a87005b884b8", "docSlug": "4cc7dff78d8c", "documentTitle": "Dye & Durham Limited (DND)", "authorId": "27_Engine_Capital", "authorName": "Arnaud Ajdler", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2024-12-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7778431, "pageNumber": 57, "pageCount": 112, "prevPage": 56, "nextPage": 58, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "overcrowded", "nDataPoints": 7, "notes": "The slide uses a combination of a timeline/list of personnel and qualitative testimonials to build a narrative of poor leadership.", "elementsJson": [ "headline_text", "subtitle_text", "headshot", "quote_block", "footnote" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b95-a87005b884b8/57", "deckHref": "/decks/019dd923-622c-750b-8b95-a87005b884b8", "deckJsonHref": "/decks/019dd923-622c-750b-8b95-a87005b884b8.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-a87005b884b8#slide-57", "components": [ { "bbox": null, "kind": "callout", "text": "The Company has churned through seven CFOs in the last seven years, highlighting the chaotic management style of Mr. Proud", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-0396-73da-b8fe-f66c3cdbcd46", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.3, "w": 0.9, "x": 0.05, "y": 0.22 }, "kind": "image", "text": "Seven headshots of former and current CFOs", "attrs": null, "subkind": "headshot", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8424de18-65c8-407c-86a5-321798f9d73d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.4, "x": 0.52, "y": 0.58 }, "kind": "quote", "text": "Matt has absolutely no respect for anyone's life and his decisions are erratic – he would call me on a Saturday afternoon and ask me to do a bunch of work for Monday morning. And on Monday morning, he would have changed his mind already...", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "1bbc5ee6-7bc8-41e2-8f28-6195cc0c58c1", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.2, "w": 0.4, "x": 0.08, "y": 0.06 }, "kind": "quote", "text": "If you tell management something different from what they want to hear, you will quickly find yourself out of a job. A long tenure at DND requires you to be a yes man to Matt Proud.", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "63a9fcc8-2480-4af8-981a-705fb05becb5", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "If you tell management something different from what they want to hear, you will quickly find yourself out of a job. A long tenure at DND requires you to be a yes man to Matt Proud. — Former employee of Dye & Durham – January 2024; Matt has absolutely no respect for anyone’s life and his decisions are erratic – he would call me on a Saturday afternoon and ask me to do a bunch of work for Monday morning. And on Monday morning, he would have changed his mind already, and the work was no longer relevant. He makes decisions very quickly and doesn’t care what his team thinks. He told me he was going to raise prices on customers right before he did it. Within 24 hours, prices were raised without the rest of the team knowing. That’s a snapshot of his approach to managing the business. — Former employee of Dye & Durham – January 2024", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd953-0396-73da-b8fe-f9e89bb0f79d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.4, "x": 0.12, "y": 0.95 }, "kind": "source-note", "text": "Company filings and public materials. 1 Mr. Kamboj also acted as acting CFO as a consultant between 2019 and 2020.", "attrs": { "numbered": true }, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "83e9a1e8-dfd7-4fdc-931d-ceb85f1dbf77", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.8, "x": 0.04, "y": 0.14 }, "kind": "title", "text": "The Company has churned through seven CFOs in the last seven years, highlighting the chaotic management style of Mr. Proud", "attrs": null, "subkind": "action-title", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c5aeac3e-a093-42ed-9fb3-09aba7891677", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.6, "x": 0.04, "y": 0.09 }, "kind": "title", "text": "Dye & Durham Suffers From High Employee Turnover Across the Organization (Cont.)", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8c2f18df-36ef-4b2d-9e07-0506f2d9b085", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "antagonist-introduction", "slug": null, "matchId": "d6090832-7d1a-4eb1-9d47-9c263f9cf377", "evidence": "Focuses on Mr. Proud's management style as the source of organizational chaos.", "confidence": 0.9 } ], "arcBeats": [ { "to": 60, "from": 41, "beatId": "980e4df0-8b6f-46d5-bf52-5f1cd39afb14", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The path to victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "The deck presents Engine's slate of nominees and plan for value creation.", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }