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  "documentTitle": "ValueAct Capital | Activist Presentation Deck | 75 slides",
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  "authorName": "ValueAct Capital",
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  "presentationDate": "2022-02-01 00:00:00",
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  "notes": "Uses a timeline to show the rapid failure of 7Pay and a pull-quote box to highlight the governance critique.",
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      "kind": "callout",
      "text": "Opposed the re-election of Ryuichi Isaka and Katsuhiro Goto due “the occurrence of security issues and after-the-fact disclosure.”",
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      "text": "July 2019: 7Pay launch; Post-launch: hack and 38 million yen stolen; August 2019: shutdown.",
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      "text": "Several media reports suggest that Seven & i's governance structure, which makes collaboration and communication across group companies difficult, contributed to the 7Pay failure",
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      "text": "Trying to guess what Seven-Eleven Japan wanted, without engaging in dialogue with its leaders, led to 7Pay problems",
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      "text": "Sources: Public company documents, Nikkei Business, VAC analysis",
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      "kind": "title",
      "text": "Complexity: Collaboration Challenges Cited in 7Pay Failure",
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