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  "documentTitle": "Starboard Value | Activist Presentation Deck | 96 slides",
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  "authorName": "Starboard Value",
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  "presentationDate": "2012-05-01 00:00:00",
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  "notes": "The slide uses a scatter plot with a broken axis to show the outlier status of the peer group compared to the guidelines.",
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      "text": "Scatter plot of peer companies by Market Cap vs Revenue",
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      "text": "Further, only 1 of the 20 companies in AOL's 2010 Peer Group fell within both ISS and Glass Lewis guidelines.",
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      "text": "AOL's 2010 Peer Group for compensation purposes was made up of companies with market caps and revenue that were on average 18.3x and 7.0x greater than AOL's, respectively.",
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      "text": "Shareholders need to be satisfied that the peer group is appropriate and not cherry-picked for the purpose of justifying or inflating pay.",
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      "text": "Source: Data from Capital IQ.",
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