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  "documentTitle": "Starboard Value | Activist Presentation Deck | 71 slides",
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  "authorName": "Starboard Value",
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  "presentationDate": "2024-10-01 00:00:00",
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  "notes": "The slide uses a green bar for the target (FY2019) and a red bar for the current state (FY2023) to emphasize the potential for margin expansion.",
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      "text": "We believe Skin Health and Beauty can improve its profitability.",
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      "text": "CY2023 Adj. Operating Margins",
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      "text": "Source: Public company filings. (1) Includes estimated allocation of corporate overhead.",
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      "text": "In Addition, Skin Health and Beauty Should Also Be Able to Return to FY2019 Margins, Which Would Be In-Line with Peers",
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      "name": "Quick Win Big Bet",
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      "bestFor": "Transformation planning, 100-day plans, resource allocation",
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      "evidence": "The deck presents Starboard Value's big bet for Kenvue's growth and improvement, including a renewed focus on Skin Health and Beauty.",
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