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  "documentTitle": "Legion Genesco Presentation June 2021",
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  "presentationDate": "2021-06-01 00:00:00",
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  "notes": "Includes a direct quote from CEO Mimi E. Vaughn to highlight the contradiction between management's narrative and the activist's assessment of value destruction.",
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      "text": "Without substantive change to the Board, we fear stockholders will continue to witness questionable and value destructive capital allocation decisions",
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      "text": "Capital Allocation (FY 2012 - 2020)",
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      "text": "The Company has a history of not disclosing (e.g. Togast) or not taking account of (e.g. Lids / Schuh) a target's poor performance post-acquisition. While claiming to have various sources of synergies from acquisitions, the Board has never detailed synergy targets or provided updates on post-merger integration processes",
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      "text": "What is management saying: \"Yes, we have a really good track record of not sitting on cash... In the past, we have benefited significantly from acquisitions that we've done, Lids was an acquisition, Schuh was an acquisition.\"",
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