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  "documentTitle": "Third Point Management | Activist Presentation Deck | 102 slides",
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  "presentationDate": "2019-06-01 00:00:00",
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  "notes": "This slide uses a 'problem-solution' structure to justify a corporate breakup.",
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      "kind": "callout",
      "text": "Creating a standalone Japanese technology champion and a standalone entertainment leader would solve these issues, and position each for sustainable, long-term growth to the benefit of all stakeholders",
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      "text": "As it stands today, Sony’s corporate structure is sub-optimal for: Investors (capital intensity/cyclicality deters media/gaming investors) and Management/employees (competes for capital with lower growth units).",
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      "text": "Sony Semiconductors is a world class semiconductor asset with unique long-term growth prospects and the potential to garner a $35bn valuation within 5 years. The segment is an image sensor market leader. Long-term plan of 5-10% organic revenue growth and 10-15% profit growth.",
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      "text": "Despite the unique financial profile of Sony Semiconductors, we believe the business needs to stand alone for Sony and its management to achieve its potential and receive full value from the market",
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      "text": "Why is a Semiconductors spin critical to value creation?",
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