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  "documentTitle": "Hestia Pitney Bowes Presentation April 2023",
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  "notes": "Uses a contrast-pair framework to frame the leadership change as a necessary upgrade.",
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      "kind": "callout",
      "text": "As interim CEO, Mr. Rosenzweig will help Pitney Bowes avert financial distress, stabilize the organization and put the Company on the path to unlocking previously squandered stockholder value.",
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      "text": "Marc Lautenbach",
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      "text": "Lance Rosenzweig",
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      "text": "Destroyed -50% in total stockholder value at Pitney Bowes over his 10+ year tenure. Repeatedly failed to set reliable guidance or hit targets. Oversaw steady decline in Pitney Bowes' credit rating, which has led to the Company being placed on a negative credit watch. Has insulated himself from accountability by exclusively bringing in directors with interlocks during first 10 years.",
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      "text": "Former CEO of Support.com, Inc. (formerly NASDAQ: SPRT), which delivered TSR of more than 630% over his tenure. Former CEO of Startek Inc. (NYSE: SRT), where he stabilized a struggling organization with more than 40,000 employees and dramatically improved earnings. Former CEO and Co-Founder of PeopleSupport, Inc. (formerly NASDAQ: PSPT), which he built into one of the fastest growing public companies in the U.S. and helped achieve attractive stockholder returns. Led successful turnarounds as the CEO of two private equity-owned companies.",
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      "text": "Source: Bloomberg/CapIQ; SEC filings; Hestia.",
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