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  "documentTitle": "PowerSchool Holdings, Inc. (PWSC)",
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  "authorName": "Spruce Point Capital Management",
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  "notes": "Includes a callout box highlighting concerns about reporting quality and a snippet from an employment agreement.",
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      "text": "PowerSchool does not quantify firm financial target objectives (e.g. revenue, EBITDA or EPS) for bonus program. Instead, its proxy statement notes highly subjective performance areas the executives are evaluated on when the board determines an executive's bonus.",
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      "text": "The Bonus formula and associated MBOs shall be established by the Board, in its sole discretion after consultation with you, and communicated in writing (including by e-mail) to you from time to time.",
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      "text": "Source: PowerSchool 2024 Proxy Statement, Hardeep Gulati Employment Agreement",
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      "text": "PowerSchool Doesn't Disclose Specific Objectives For Management Bonuses",
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