{
  "docId": "019dd923-622c-750b-8b9c-571191cc7adb",
  "docSlug": "48a8cbf2f1d7",
  "documentTitle": "Arconic Inc. (ARNC)",
  "authorId": "02_Elliott_Management",
  "authorName": "Elliott",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2017-04-11 00:00:00",
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  "notes": "The slide uses color-coding (teal for Elliott, red for Arconic) to visually reinforce the narrative of market support for the activist.",
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      "kind": "callout",
      "text": "The market has demonstrated investors’ support for change on literally a daily basis with Arconic’s shares trading higher whenever Elliott has issued a letter and declining each time the Board has reiterated its support for Dr. Kleinfeld",
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      "kind": "chart",
      "text": "Arconic Daily Price Movements Since Record Date",
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      "kind": "metric",
      "text": "daily share price movement: 1.3%",
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      "text": "The market has demonstrated investors’ support for change on literally a daily basis with Arconic’s shares trading higher whenever Elliott has issued a letter and declining each time the Board has reiterated its support for Dr. Kleinfeld",
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      "kind": "source-note",
      "text": "Source: Bloomberg. Note: On March 20, 2017, prior to the release of Elliott's letter, management waived the Secret Voting Lock-Up... Note: On March 27, 2017, Elliott issued a short letter...",
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      },
      "kind": "title",
      "text": "...And Spoken Again, and Again, and Again...",
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      "name": "David Goliath",
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      "bestFor": "Startups, disruptive innovation, competitive displacement",
      "matchId": "443a408a-78e1-4a49-8149-f42f87fe869a",
      "evidence": "The document frames Elliott as a champion of change, pitted against the entrenched management team.",
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      "objective": "Frame Elliott as David vs. Goliath",
      "structure": "The Giant's Weakness -> Our Slingshot (Unique Edge) -> The Topple",
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