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  "documentTitle": "Hestia Pitney Bowes Presentation April 2023",
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      "text": "Once a new Board is seated, our slate believes it is in stockholders’ best interests to replace the Company’s historically ineffective Executive Committee with a Strategic Planning and Capital Allocation Committee.\nThe new Committee’s charter would empower it to actively support management and provide non-binding recommendations to the full Board pertaining to capital allocation, operational enhancements and long-term strategic improvements.\nOnce it is time to begin recruiting a permanent Chief Executive Officer, the Committee would also retain an independent search firm to support and lead a robust process.\nOnce it is the right time to run an objective review of alternatives for GEC, the Committee would work with truly independent advisors – ones that do not have historical relationships with the Company, like JP Morgan – to support a strategic process.\nThe Committee would include a mix of new and incumbent directors to ensure optimal continuity for the Board, organization and Pitney Bowes stockholders.\nThere is strong precedent for companies in turnaround and transitionary periods for forming these types of committees to help accelerate progress.",
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