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  "documentTitle": "Blockbuster Video | Activist Presentation Deck | 24 slides",
  "authorId": "blockbuster-video",
  "authorName": "Gregory S. Meyer",
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  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2010-06-01 00:00:00",
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  "pageNumber": 14,
  "pageCount": 24,
  "prevPage": 13,
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  "slideType": "villain_critique",
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  "density": "balanced",
  "nDataPoints": 1,
  "notes": "The slide uses a bulleted list to present a series of negative historical actions to undermine the credibility of a board member.",
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      "kind": "list",
      "text": "Fernandes was on the Blockbuster Board that gave 'full support' of offer to buy failed electronics chain Circuit City in 2008 at a time when Blockbuster should have been focusing on its core operations. An expensive and distracting decision at a critical time when Netflix and Redbox were gaining significant market share in the DVD rental segment.",
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      "kind": "list",
      "text": "Fernandes on Board when Meyer sent 2005 letter (Exhibit 1) urging Blockbuster to develop a kiosk strategy to save the Company $140 million per year. Recommendation was ignored to the detriment of Blockbuster shareholders in the ensuing years.",
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      "kind": "list",
      "text": "Related Party Transaction: Fernandes holds interest in 2 real estate partnerships that lease buildings to Blockbuster. Despite the closing of thousands of BBI locations over the past several years, the stores owned by Fernandes' partnerships have remained open. Material or not, this exhibits poor judgment.",
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      "kind": "title",
      "text": "Fernandes Repeatedly Exhibited Questionable Judgment",
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      "arcName": "Overcoming the Monster",
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