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  "documentTitle": "Cognizant Technology Solutions (CTSH)",
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  "authorName": "Jesse Cohn",
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  "presentationDate": "2016-11-28 00:00:00",
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  "notes": "This is page 14 of a shareholder letter, likely from an activist investor (Elliott Management) targeting Cognizant.",
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      "text": "In situations where a company has generated long-term outperformance, such a long-tenured Board might be accepted by the investor community, but given the sustained share price underperformance at Cognizant, we believe directors with new experiences, skills and perspectives would be welcome.",
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      "text": "executive compensation: 75%",
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      "text": "Improved Alignment of Incentives: We believe that Cognizant should introduce more appropriate compensation criteria which include far less reliance on revenue growth and instead allocate weight towards earnings growth and total shareholder return.",
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      "text": "This high-level summary provides a brief overview of the details supporting the Cognizant Value-Enhancement Plan.",
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      "text": "Board Enhancement: More than half of Cognizant's Directors have been on the Board for at least nine years... we believe directors with new experiences, skills and perspectives would be welcome.",
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