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  "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": 62,
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  "density": "balanced",
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  "notes": "The slide uses a red oval annotation to highlight the specific years (2013-2014) where buybacks are considered 'under-water'.",
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      "text": "Red oval highlighting 2013 and 2014 rows",
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      "kind": "list",
      "text": "Current $YHOO Stock Price: 33.2; Value Destruction Per Share: 8.44; Total Value Destruction: $2,353,783,669.24",
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      "kind": "paragraph",
      "text": "Since Dan Loeb left the Yahoo Board in July 2013, all of Mayer’s $2.5 billion in stock buybacks are under-water",
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      "kind": "source-note",
      "text": "Note: Dan Loeb (Third Point LLC) quit Yahoo’s board on July 22,2013- Since then, all of Yahoo’s stock buybacks are under-water. Source: SpringOwl Asset Management LLC",
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      "kind": "table",
      "text": "Year, Shares, Value, AVG Price; 2010, 119M, 1.75B, 14.69; 2011, 27.5M, 416M, 15.15; 2012, 79.6M, 1.45B, 18.24; 2013, 6.35M, 231M, 36.42; 2014, 46.5M, 2.1B, 45.26; Total, 279M, 5.95B, 25.95",
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      "kind": "title",
      "text": "And $2.5 Billion Is Under-water on Stock Buybacks From The Last 2 Years:",
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