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  "documentTitle": "Hestia Pitney Bowes Presentation April 2023",
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      "text": "Pitney Bowes’ stock climbed more than 13% on the day Hestia announced its intent to overhaul the Board.",
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      "text": "Close to a half-dozen stockholders have made Pitney Bowes aware – publicly – that more change is urgently needed and they intend to vote for Hestia’s slate at this year’s Annual Meeting.",
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      "text": "Former Third Point exec Bradley Radoff said, \"The incumbents have blamed everyone and everything other than themselves and have offered no plan or path to value creation. I believe enough is enough and significant change is warranted.\"",
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      "text": "There is \"unrealized value here, not just in the underperforming Global E-commerce segment but also in the original SendTech business where opportunities have been underexploited for some time,\" said Jamie Zimmerman, who runs Anqa Management's Litespeed Master Fund.",
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      "text": "Late last year, Domo Capital's founder said \"[t]he poor management of global ecommerce is on Marc Lautenbach and the poor allocation of capital is on Michael Roth as the chairman of the board.\"",
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      "text": "According to a recent article in Reuters, \"[i]n September BWM AG wrote a letter to the board highlighting poor execution in the ecommerce segment, excessive debt, overly high corporate costs and the chief executive officer's multi-million dollar pay.\"",
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      "text": "\"Pitney Bowes is really messed up,\" said Jeff Legum, CEO of Park Circle Investments. \"The CEO needs to go because he is a hindrance to moving ahead.\"",
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      "kind": "source-note",
      "text": "Source: Bloomberg, Hestia public filings and Reuters.",
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      "kind": "title",
      "text": "Due to Our Slate and Ideas, a Growing Number of Stockholders Stand with Hestia",
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