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  "docSlug": "954987ce0454",
  "documentTitle": "Mettler-Toledo International, Inc. (MTD)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-07-24 00:00:00",
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  "pageCount": 136,
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  "notes": "The slide uses a table to draw a parallel between the subject's past board roles and the subsequent corporate failures/fraud, implying a pattern of negligence or complicity.",
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      "text": "Current Mettler investors should be aware of the fact that its long-time Audit Chair, John D. Macomber, also served in audit roles at Xerox Corp and Lehman Brothers. The SEC later charged Xerox with accounting fraud, while Lehman Brothers infamously collapsed due in part to creative accounting that concealed its true leverage.",
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      "text": "Current Mettler investors should be aware of the fact that its long-time Audit Chair, John D. Macomber, also served in audit roles at Xerox Corp and Lehman Brothers. The SEC later charged Xerox with accounting fraud, while Lehman Brothers infamously collapsed due in part to creative accounting that concealed its true leverage.",
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      "kind": "table",
      "text": "Company, Macomber's Years As Director, Role (s), Outcome. Xerox, 1991-1998, Chairman of the Audit Committee, SEC charged Xerox with fraud... Lehman Brothers, 1994-2008, Various Committees..., One of the world's largest bankruptcy filings... Mettler-Toledo, 1996-2007, Chairman of Audit Committee 1997-2004, ????",
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      "kind": "title",
      "text": "Former Audit Chair",
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      "evidence": "Links past board roles at failed/fraudulent companies to current target company.",
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