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  "docSlug": "b7c4365f9e39fbf1d5df6a9d012af66b",
  "documentTitle": "Legion Partners | Activist Presentation Deck | 168 slides",
  "authorId": "legion-partners",
  "authorName": "Legion Partners",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2019-04-01 00:00:00",
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  "pageNumber": 17,
  "pageCount": 121,
  "prevPage": 16,
  "nextPage": 18,
  "slideType": "problem_statement",
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  "density": "sparse",
  "nDataPoints": 16,
  "notes": "The slide uses a downward arrow annotation to emphasize the trend.",
  "elementsJson": null,
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  "slideHref": "/slides/019de06f-cf3f-750e-9bf3-5c34169235bc/17",
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      "kind": "callout",
      "text": "Return on invested capital has gone from 23% in 2003 to below the Company's cost of capital in 2018",
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      "kind": "chart",
      "text": "Annual Return on Invested Capital (15 Year History)",
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      "text": "Source: SEC Filings, Earnings Transcripts, Investor Group estimates. Note: See appendix for detailed calculation and adjustments",
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      "kind": "title",
      "text": "Accelerating Declines in Return on Invested Capital",
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      "arcName": "Overcoming the Monster",
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      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
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      "description": "Quantify what happens if the audience does nothing"
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