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  "documentTitle": "BMC Software (BMC)",
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  "authorName": "Elliott Management",
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  "presentationDate": "2012-05-31 00:00:00",
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  "notes": "This is a classic activist investor 'case for change' slide.",
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      "text": "Elliott believes that there is an opportunity for stockholders to realize value SIGNIFICANTLY greater than BMC's current stock price through the addition of thoughtful and experienced technology executives who will encourage a full strategic and operational review with the aim of maximizing stockholder value",
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      "kind": "list",
      "text": "1. Management has failed to execute\n2. Poor stewardship of stockholder's capital\n3. Failure to fully optimize operations\n4. Competitive landscape is changing\n5. Strong need for Directors with relevant experience and fresh ideas",
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      "text": "Conclusion: Elliott believes that there is an opportunity for stockholders to realize value SIGNIFICANTLY greater than BMC's current stock price through the addition of thoughtful and experienced technology executives who will encourage a full strategic and operational review with the aim of maximizing stockholder value",
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      "kind": "title",
      "text": "What Went Wrong with BMC?",
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