{
  "docId": "019dd923-622c-750b-8b9c-571191cc7adb",
  "docSlug": "48a8cbf2f1d7",
  "documentTitle": "Arconic Inc. (ARNC)",
  "authorId": "02_Elliott_Management",
  "authorName": "Elliott",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2017-04-11 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 44,
  "pageCount": 336,
  "prevPage": 43,
  "nextPage": 45,
  "slideType": "transition",
  "function": "transition",
  "density": "balanced",
  "nDataPoints": 1,
  "notes": "Uses a vertical timeline/process flow to structure the argument flow.",
  "elementsJson": [
    "bullet_list"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/44",
  "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-44",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "The Ultimate Insult: Claiming Good TSR",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-0391-77f4-a9f7-a83ce3260456",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.6,
        "w": 0.05,
        "x": 0.12,
        "y": 0.15
      },
      "kind": "diagram",
      "text": null,
      "attrs": null,
      "subkind": "timeline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d1c882ad-2587-4020-8b11-8bd23a39690d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.4,
        "x": 0.2,
        "y": 0.33
      },
      "kind": "list",
      "text": "TSR: Key Points: CEO Tenure; Earnings Calls; Everyday",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "56ec77d4-9540-4222-90b8-613d837d1d60",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.4,
        "x": 0.2,
        "y": 0.18
      },
      "kind": "list",
      "text": "TSR vs. Peers: Poor Performance vs. Any Peer Set",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fa9c4b92-79ca-455b-a070-1be26642feab",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.4,
        "x": 0.2,
        "y": 0.63
      },
      "kind": "list",
      "text": "The Market Is Voting for Change: 35% TSR Since Elliott Announcement",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fc66cd63-c627-4c55-b6e4-84c89af3e8cb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.4,
        "x": 0.2,
        "y": 0.48
      },
      "kind": "list",
      "text": "The Ultimate Insult: Claiming Good TSR: Arconic’s Harmful Acrobatics",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fdb6e21c-c460-480c-b2d2-73987e59fb5a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.5,
        "x": 0.17,
        "y": 0.08
      },
      "kind": "title",
      "text": "Abysmal Shareholder Returns",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8ee966b0-9dea-4e11-be85-3f973c706180",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Before/after framing",
      "slug": "before-after-framing",
      "agent": null,
      "layer": "slide",
      "matchId": "49b36d78-2342-4263-9e0d-da8581352963",
      "evidence": "The slide compares TSR performance before and after Elliott's announcement.",
      "confidence": 0.7
    }
  ],
  "frameworks": [
    {
      "name": "timeline",
      "slug": null,
      "matchId": "1b2f866f-5004-4a14-b7a5-c970edd96725",
      "evidence": "Vertical line with nodes indicating a sequence of arguments.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 58,
      "from": 12,
      "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Expose Contradiction",
      "beatSlug": null,
      "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}