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  "documentTitle": "Starboard Value | Activist Presentation Deck | 96 slides",
  "authorId": "starboard-value",
  "authorName": "Starboard Value",
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  "sourceTypeSlug": "activist_investor",
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  "presentationDate": "2012-05-01 00:00:00",
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  "slideType": "expose_contradiction",
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  "density": "balanced",
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  "notes": "Uses CEO quotes to frame the 'status quo' as stubbornness.",
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  "slideHref": "/slides/019de06f-3e34-7498-b7ab-93d3124b7448/16",
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      "kind": "paragraph",
      "text": "Despite the estimated massive losses in Display, AOL appears solely focused on continuing to pursue its high-cost, value-destroying status quo strategy.",
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      "text": "AOL has a clear strategy and operational plan...and we will continue to aggressively execute on our strategy....",
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      "kind": "quote",
      "text": "... you can't say we don't have a clear strategy, you may not like the strategy, but we have a clear strategy and we're going to continue to execute against it.",
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      "kind": "quote",
      "text": "The business is going to be big in the future. We're going to make whatever change we have to make. The investors either stick with us or don't through that period. But we're invested in it.",
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      "kind": "table",
      "text": "AOL's Status Quo Plan: Use cash flows from Access/Search to fund Display losses; Pursue high cost free premium content; Invest in Patch despite lack of viability.",
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      "text": "Yet, AOL appears solely focused on its status quo strategy",
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