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  "docSlug": "f967f5a7e3bac30d08f67be9675393cc",
  "documentTitle": "SpringOwl | Activist Presentation Deck | 99 slides",
  "authorId": "springowl",
  "authorName": "SpringOwl",
  "documentKindSlug": "activist-deck",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2015-12-01 00:00:00",
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  "pageNumber": 58,
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  "notes": "The slide uses a visual chain of circles to represent individual cost centers, contrasting them with the company's core business performance.",
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      "kind": "diagram",
      "text": "iPhone 6 ~$9.3M; JawBone UP ~$2M; Met Ball $3M/Yr; Free Food $450M; Davos $1-2M/Yr",
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      "text": "Yahoo also sent Mayer by NetJets with a handful of Yahoo execs to attend Davos. Yahoo was a major sponsor. The only other Internet company sponsors were Google and Facebook which are 100x the size of Yahoo's core business. Total costs were estimated between $1 – 2 million. What was the business case for the Met and Davos?\nMayer provides free food for Yahoo's workforce. In Sunnyvale, it's catered by the Uber-Luxe and organic Bon Appetit. At 1.5 meals a day per employee, Mayer's perk has cost $450M over 4 years. That's half an Instagram right there.\nThe world's largest start-up? What start-up do you know that would spend $108 million a year of free food?",
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      "text": "All Yahoo Employee's receive a free iPhone\nFor Marissa Mayer's one year anniversary at the company, she gave away 12,500 Jawbone UPs (where she is a board member)\nEarlier this year, Yahoo was the main sponsor of the Met Ball Gala for $3M",
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      "kind": "source-note",
      "text": "1. www.nytimes.com/2015/05/fashion/will-the-met-gala-make-fashion-love-yahoo.html\n2. SpringOwl Asset Management LLC",
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      "kind": "title",
      "text": "Unnecessary Yahoo Perks Total Half An Instagram",
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      "evidence": "Exposing wasteful spending and potential conflicts of interest",
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