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  "documentTitle": "Hestia Pitney Bowes Presentation April 2023",
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  "notes": "The slide uses a step-chart to visualize credit rating downgrades over time, correlating them with specific corporate events.",
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      "text": "Moody's Senior Unsecured Regular Bond/Debenture rating over time",
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      "text": "Largely due to poorly executed acquisitions and sustained losses within GEC, Pitney Bowes' credit rating has steadily deteriorated under Messrs. Lautenbach and Dutkowsky.",
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      "text": "Source: Company filings; S&P Downgrade Report, 2022.",
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      "text": "Value Destruction: A Battered Credit Rating",
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