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  "docSlug": "33891c625660bf65301187bedd1a6954",
  "documentTitle": "Starboard Value | Activist Presentation Deck | 71 slides",
  "authorId": "starboard-value",
  "authorName": "Starboard Value",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2024-10-01 00:00:00",
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  "pageNumber": 35,
  "pageCount": 71,
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  "nextPage": 36,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "balanced",
  "nDataPoints": 10,
  "notes": "The chart uses color coding to distinguish between 'Diversified HPC Peers' and 'Skin Health and Beauty Peers', with Kenvue highlighted in red.",
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  "metadataConfidence": 1,
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  "slideHref": "/slides/019de077-4afb-71c3-9c30-47bdfd22c0dd/35",
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      "kind": "callout",
      "text": "Kenvue’s organic growth over the next three years is expected to lag its peers.",
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      "kind": "chart",
      "text": "CY2023 – CY2026 Organic Growth CAGR %",
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      "kind": "disclaimer",
      "text": "Source: Bloomberg and CapIQ. Estimates as of October 18, 2024. Starboard has identified PG, CL, HLN, CLX, CHD, KMB, OR, BEI, and EL as the relevant peer set...",
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      "kind": "legend",
      "text": "Legend: Diversified HPC Peers | Skin Health and Beauty Peers",
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      "kind": "title",
      "text": "Looking Forward, Kenvue’s Organic Growth Is Expected to Continue Lagging Its Peer Group",
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      "evidence": "Direct comparison of Kenvue's growth metrics against a defined peer group to establish underperformance.",
      "confidence": 0.9
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  "arcBeats": [],
  "loops": [
    {
      "to": 48,
      "from": 33,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "4e82214b-2394-4e86-ac47-89bd5fd01df5",
      "evidence": "The deck presents the costs of inaction for Kenvue's Skin Health and Beauty segment, including underperformance and lost growth opportunities.",
      "position": 1,
      "objective": "Highlight the costs of inaction for Kenvue's Skin Health and Beauty segment",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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      "description": "Quantify what happens if the audience does nothing"
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