{
  "docId": "019de06f-6209-758a-b498-63cdbba627ea",
  "docSlug": "f967f5a7e3bac30d08f67be9675393cc",
  "documentTitle": "SpringOwl | Activist Presentation Deck | 99 slides",
  "authorId": "springowl",
  "authorName": "SpringOwl",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2015-12-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 69,
  "pageCount": 99,
  "prevPage": 68,
  "nextPage": 70,
  "slideType": "villain_critique",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 4,
  "notes": "The slide uses a bulleted list to systematically dismantle the logic of the activist's proposal.",
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  "slideHref": "/slides/019de06f-6209-758a-b498-63cdbba627ea/69",
  "deckHref": "/decks/019de06f-6209-758a-b498-63cdbba627ea",
  "deckJsonHref": "/decks/019de06f-6209-758a-b498-63cdbba627ea.json",
  "deckAnchorHref": "/decks/019de06f-6209-758a-b498-63cdbba627ea#slide-69",
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      "bbox": {
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      },
      "kind": "list",
      "text": "Why sell the core business asset now when, by Starboard's own admission, it is trading at an all-time low valuation? We would prefer a buy low and sell high approach rather than the reverse. While Starboard's current stake in Yahoo is about $200 million, half of this stake was bought in Q315 likely when the stock crashed below $28/share. Starboard's most recently acquired stake in Yahoo is likely already well in the money; therefore, they are incented to see a quick sale of the company for another $2 – 4/share. Longer tenured Yahoo shareholders would be better served with a plan to unlock $30/share in value and not $3/share",
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      "bbox": {
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      "kind": "title",
      "text": "The Problems With Starboard's Plan",
      "attrs": null,
      "subkind": "headline",
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      "componentId": "0c6de9e5-6ab1-407d-8c23-1ee9660cee70",
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  "metrics": [],
  "tools": [],
  "frameworks": [
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      "slug": null,
      "matchId": "100d6935-2f82-4d36-adf5-f9cfb730f8c5",
      "evidence": "The slide highlights the contradiction between Starboard's stated plan and their financial incentives.",
      "confidence": 0.9
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  ],
  "arcBeats": [],
  "loops": [
    {
      "to": 70,
      "from": 50,
      "name": "Quick Win Big Bet",
      "slug": "47-quick-win-big-bet",
      "bestFor": "Transformation planning, 100-day plans, resource allocation",
      "matchId": "99230c07-bf5f-4a78-884f-f910a966142d",
      "evidence": "The document proposes a comprehensive plan with immediate and long-term benefits",
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      "objective": "Present a quick win (turnaround plan) and a big bet (new leadership and strategy)",
      "structure": "The Full List -> Quick Wins (Low effort, High impact) -> Big Bets (High effort, High impact) -> Sequenced Roadmap",
      "confidence": 0.7,
      "description": "Separate initiatives into immediate wins and longer-term strategic bets"
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