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  "documentTitle": "Starboard Value | Activist Presentation Deck | 96 slides",
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  "notes": "Includes screenshots of ISS and Glass Lewis reports as evidence of negative ratings and recommendations.",
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      "text": "We believe Mr. Stengel has ignored concerns about AOL's Peer Group expressed by Glass Lewis and has continued to oversee the construction of a peer group that violates ISS and Glass Lewis best practices.",
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      "text": "The independent compensation consulting firm noted that “AOL's existing peer group... consists of companies that are too large”, and that “AOL's short-term pay is significantly misaligned with performance.” ISS has raised serious concerns about AOL's pay for performance practices. Glass Lewis has rated AOL's compensation program structure as “Poor.”",
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      "text": "James Stengel: As Chair of AOL's Compensation Committee, Mr. Stengel oversees the compensation practices at the Company. Both the independent compensation consulting firm we engaged to analyze AOL's compensation practices and leading independent proxy advisory firms have raised serious issues with AOL's compensation practices.",
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      "text": "Leading proxy governance firms have raised serious concerns with regard to AOL's compensation practices, led by James Stengel, Chairman of AOL's Compensation Committee.",
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      "text": "We have serious questions regarding AOL's incumbent Board members",
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