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  "documentTitle": "Arconic Inc. (ARNC)",
  "authorId": "02_Elliott_Management",
  "authorName": "Elliott",
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  "presentationDate": "2017-04-11 00:00:00",
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  "pageNumber": 14,
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      "kind": "callout",
      "text": "Arconic's poor performance originates in its broken company culture. From this broken culture flows many of the Company's problems",
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      "text": "Arconic’s poor performance originates in its broken company culture. From this broken culture flows many of the Company’s problems",
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      "kind": "list",
      "text": "Disempowered plant managers... Operational improvements discussed but lack of incentives... Horrible symbolism of NYC headquarters... Pursuit of silver-bullet solutions... Challenges to the CEO are met with intimidation.",
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      "text": "Enormous wasted capital expended on projects that the CEO believes will boost his own image... Teams of consultants... Massive amounts of time spent on marketing... Egregious compensation... 'Shareholders are the enemy' mentality.",
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      "kind": "paragraph",
      "text": "Under Dr. Kleinfeld, the Company has put enormous effort into its public image and centralized key decisions in the Company's New York headquarters. This effort is the exact opposite of what we believe is required for a sustainably improved Arconic",
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      "kind": "title",
      "text": "Broken Company Culture: Demoralized Employees",
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