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  "documentTitle": "Arconic Inc. (ARNC)",
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      "text": "Dr. Kleinfeld’s compensation does not appear linked to shareholder returns and in 2015, much of the current board saw fit to gross up Dr. Kleinfeld’s compensation by 34% despite the fact that company shares declined by 37%",
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      "text": "Dr. Kleinfeld’s Annual Compensation vs. Annual Return %",
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      "text": "CEO Compensation: 34%",
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      "text": "As a result of the Company’s performance and in consideration of management’s transformation accomplishments... the Compensation Committee approved a 34.2 percentage point increase... to the attained IC pool...",
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      "text": "\"As a result of the Company’s performance and in consideration of management’s transformation accomplishments and the importance of retaining and motivating IC-eligible executives and managers to complete the separation, the Compensation Committee approved a 34.2 percentage point increase (an aggregate increase of approximately $16.8 million for all IC-eligible participants) to the attained IC pool, resulting in a final below-target IC payout of 88.5%.\" — Alcoa 2016 Proxy Statement (for FY 2015)",
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      "text": "Source: Bloomberg. As of 10/31/2016. FY 2008 TSR = 5/1/2008-12/31/2008. FY 2016 = 1/1/2016-10/31/2016",
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      "text": "Lack of Alignment: Extreme Pay vs. Performance Disconnect",
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