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  "docSlug": "a8618aad4c6b",
  "documentTitle": "Stryker Corp. (SYK)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
  "documentKindSlug": "activist-deck",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2022-04-06 00:00:00",
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  "pageNumber": 8,
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  "notes": "The slide uses a red-bordered callout box to frame the argument, followed by a table categorizing incidents into 'Settlements' and 'Allegations'.",
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      "kind": "callout",
      "text": "Under Kevin Lobo's leadership since appointment as CEO in October 2012, Stryker has been ensnared in multiple government and regulatory settlements, while defending itself against numerous allegations of unsavory business practices. In our report, Spruce Point will highlight even more suspect business, financial and accounting practices under Lobo's tenure. We believe it's time for CEO Lobo to resign so that credibility and accountability can restored to the once revered Stryker name.",
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      "kind": "callout",
      "text": "We believe it's time for CEO Lobo to resign so that credibility and accountability can restored to the once revered Stryker name.",
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      "kind": "quote",
      "text": "According to Abramge's complaint, Defendant Stryker, a Michigan corporation, masterminded an \"illicit scheme, which was planned and run from Michigan, designed to increase its market share by making improper payments and paying bribes and kickbacks to Brazilian doctors to induce the use of Stryker products.\" — Court Opinion",
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      "kind": "table",
      "text": "Table of incidents including US Attorney Office, Massive Product Settlement, DOJ Settlement, SEC FCPA Charges, FCA Claim, Brazilian Kickbacks, Mexican Bribery, Ireland Working Conditions.",
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      "kind": "title",
      "text": "How Many Negative Headlines Will Stryker's Shareholders Tolerate Under CEO Lobo?",
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      "objective": "What is driving Stryker's poor performance?",
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