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  "documentTitle": "Hestia Pitney Bowes Presentation April 2023",
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      "text": "S&P (241%) outperformed Pitney Bowes (-50%) by 6.8x during his 10-year tenure. Strategy has resulted in Senior Unsecured Regular Bond / Debenture rating declining seven notches. Has entrenched and insulated himself.",
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      "text": "S&P (270%) outperformed Pitney Bowes (-78%) by 16.8x during her 16-year tenure. Governance Chair that has overseen increasingly stale and entrenched Board. Interconnected with first new director brought onto Board as Governance Chair.",
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      "text": "S&P (54%) outperformed Pitney Bowes (-52%) by 3.2x during his five-year tenure. Served on Compensation Committee despite close 25+ year relationship with CEO. Agreed to serve as Board Chair despite clear conflicts.",
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      "text": "S&P (130%) outperformed Pitney Bowes (-75%) by 9.2x during her eight-year tenure. Served as Compensation Chair despite having known Mr. Lautenbach for decades. As Compensation Chair, has overseen growing CEO compensation.",
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