{
  "docId": "019dd923-622c-750b-8b99-3322bc9ae76c",
  "docSlug": "72469199073c",
  "documentTitle": "C3.ai, Inc. (AI)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
  "documentKindSlug": "activist-deck",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2022-02-16 00:00:00",
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  "pageNumber": 9,
  "pageCount": 88,
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  "slideType": "villain_critique",
  "function": "name_villain",
  "density": "balanced",
  "nDataPoints": 6,
  "notes": "Uses a vertical red arrow on the left to categorize governance failures.",
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      "kind": "callout",
      "text": "The Board appears stacked with long-time business associates and allies of CEO & Founder Thomas Siebel.",
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      "kind": "diagram",
      "text": "Questionable CEO Oversight; Insiders Quick To Cash Out; No Clawback Policy; Undisclosed Executive Team Departures",
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      "kind": "list",
      "text": "Condoleezza Rice: ... Mike McCaffery: ... Patricia House: ... S. Shankar Sastry: ... Insiders, notably Mr. Siebel and his long-time partner Mr. Edward Abbo... C3 has not adopted a formal Clawback Policy... Undisclosed Executive Team Departures...",
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      "text": "downside risk: 40% - 50%",
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      "kind": "paragraph",
      "text": "The Board appears stacked with long-time business associates and allies of CEO & Founder Thomas Siebel. There are instances where we question the objectivity and fitness of certain directors:",
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      "kind": "title",
      "text": "Spruce Point Estimates 40% - 50% Downside Risk To C3.ai (NYSE: AI) Share Price: ($12.85 - $15.40)",
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