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  "documentTitle": "SpringOwl | Activist Presentation Deck | 99 slides",
  "authorId": "springowl",
  "authorName": "SpringOwl",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2015-12-01 00:00:00",
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  "pageNumber": 18,
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  "density": "balanced",
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  "notes": "The slide uses a 'problem-solution' structure to argue against the board's current plan.",
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      "kind": "callout",
      "text": "Yahoo Shareholders Want $30/Share More – Not $3/Share And Full Tax On BABA",
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      "text": "Yahoo's board announced on December 9th, 2015 that it won't continue with the planned spinoff of its Alibaba stake... Some shareholders think Yahoo's board is now simply going to sell the core",
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      "text": "There is a risk... that if Yahoo Core is sold or spun, the stake in Alibaba would become taxable... Therefore, Yahoo shareholders would owe a tax bill... Why not instead: Start the real turnaround... Study the tax issues...",
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      "kind": "source-note",
      "text": "Source: 1 http://www.thestreet.com/story/13391744/1/yahoo-shareholders-need-a-better-solution-than-the-one-just-proposed.html 2. https://www.sec.gov/about/laws/ica40.pdf",
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      "kind": "title",
      "text": "The Downside Risk of Selling/Spinning The Core",
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      "kind": "title",
      "text": "The Problem With Simply Selling Or Spinning The Core¹:",
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