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  "documentTitle": "Starboard Value | Activist Presentation Deck | 96 slides",
  "authorId": "starboard-value",
  "authorName": "Starboard Value",
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  "presentationDate": "2012-05-01 00:00:00",
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  "pageNumber": 80,
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  "notes": "Uses a 'before-after' style logic to frame the company's actions as forced by the activist.",
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      "kind": "callout",
      "text": "Given AOL's past inaction with regard to monetizing the patent portfolio, we do not believe the Company would have actually executed this transaction had it not been for Starboard's involvement.",
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      "kind": "paragraph",
      "text": "While AOL's patent sale for $1.056 billion in cash was a significant driver of the positive stock price performance since our involvement, we believe it was merely a direct reaction to Starboard's involvement.",
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      "text": "Comparison of Starboard's demands vs AOL's reactive timeline.",
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      "kind": "title",
      "text": "We believe actions taken by AOL have only been reactionary to Starboard's involvement",
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      "evidence": "Frames the company as reactive and the activist as the catalyst for value creation.",
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