{
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  "docSlug": "86d8f17ffaaed8be61f8b36e2c739da4",
  "documentTitle": "Starboard Value | Activist Presentation Deck | 96 slides",
  "authorId": "starboard-value",
  "authorName": "Starboard Value",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2012-05-01 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 79,
  "pageCount": 96,
  "prevPage": 78,
  "nextPage": 80,
  "slideType": "before_after",
  "function": "illustrate_case",
  "density": "dense",
  "nDataPoints": 12,
  "notes": "Includes annotations on the line chart marking specific events related to Starboard's involvement.",
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  "slideHref": "/slides/019de06f-3e34-7498-b7ab-93d3124b7448/79",
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      "kind": "callout",
      "text": "We believe the recent increase in AOL’s stock price is directly attributable to Starboard’s involvement and plans to significantly increase value at AOL.",
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      "kind": "chart",
      "text": "AOL Stock Price Chart from 12/20/11 to 5/18/12",
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      "kind": "paragraph",
      "text": "Since Starboard wrote its first public letter to the Company on December 21, 2011, AOL’s stock price has significantly outperformed both the market and its peers.",
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      "kind": "source-note",
      "text": "(1) Capital IQ price data from December 20, 2011 to May 18, 2012. Total returns include dividends. (2) Independent Peer Group: ACOM, CCO, ELNK, GCI, IACI, IPG, LAMR, NYT, UNTD VCI, VCLK, WBMD, WPO, and YHOO. Selected by independent compensation consulting firm engaged by Starboard. (3) AOL 2011 Proxy Peer Group: ADBE, CA, CRM, DISCA, EA, GCI, GOOG, IACI, IPG, INTU, MSFT, NFLX, NWSA, PCLN, SYMC, TWC and YHOO. (4) AOL 2010 Proxy Peer Group: ADBE, AMZN, AAPL, CA, CMCSA, DRIV, EBAY, EA, GOOG, IACI, IPG, INTU, MSFT, NWSA, OMC, RNWK, SYMC, VCLK and YHOO.",
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      "kind": "table",
      "text": "Summary Returns, 12/20/11 to 5/18/12",
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      "kind": "title",
      "text": "Starboard’s involvement has been positive for shareholders",
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      "evidence": "Compares stock performance before and after Starboard's intervention.",
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      "beatId": "f12d6c0b-f925-444d-951d-0441dce4b7ac",
      "arcName": "Problem-Agitate-Solution",
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      "beatName": "Solution (Provide relief)",
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      "evidence": "The deck proposes solutions to address AOL's challenges and improve profitability.",
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