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  "documentTitle": "Hestia Pitney Bowes Presentation April 2023",
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  "presentationDate": "2023-04-01 00:00:00",
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  "notes": "The chart uses a dual-axis combination of bar (compensation) and line (performance metrics) to visualize the misalignment.",
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      "kind": "callout",
      "text": "Mr. Lautenbach’s compensation is controlled by allies who compose the Compensation Committee, and we believe he has continuously made poor strategic decisions that put stockholders’ best interests second to his personal financial interests.",
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      "text": "Declining Performance vs. CEO Compensation",
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      "text": "We question how the Committee determined it was appropriate to increase Mr. Lautenbach’s total compensation by more than 40% in 2022 compared to 2021 despite significant stockholder value deterioration.\nIt seems that performance is irrelevant to the Committee when determining executive compensation.",
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      "text": "The Executive Compensation Committee - led by Mr. Lautenbach’s allies and chaired by Ms. Sanford - has rewarded Mr. Lautenbach with excessive compensation that has totaled over $17.8 million over the past three years while TSR has declined approximately 13%.",
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      "text": "Source: Company 2022 Proxy statement.",
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      "text": "Governance Lapse #6: Misaligned CEO Compensation",
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