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  "docSlug": "jarvis-macellum-kohls-presentation-april-2022",
  "documentTitle": "Macellum Kohls Presentation April 2022",
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  "documentKindSlug": "activist-deck",
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  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2022-04-01 00:00:00",
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  "pageNumber": 74,
  "pageCount": 168,
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  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 22,
  "notes": "The chart uses a dual-axis combination of bar (operating income) and line (CEO award percentage) to visualize the disconnect.",
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  "slideHref": "/slides/019f6b8f-32cf-7688-97ac-a3d98b243b84/74",
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      "kind": "chart",
      "text": "CEO Award vs. \"Greatness Agenda\" Adj. Operating Income Target & Actual ($mm)",
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      "kind": "list",
      "text": "Below \"Greatness Agenda\" Target by: (11%) (18%) (28%) (25%) (22%) (36%) (116%) (11%)",
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      "kind": "other",
      "text": "Source: Company SEC Filings; KSS Proxy Statements, Bloomberg LP. Note: Kohl's has not provided updated LTIP targets for 2020 and 20221.",
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      "kind": "paragraph",
      "text": "Kohl's' annual incentive plan awarded Ms. Gass a maximum 250% bonus in 2017 despite operating income that was (9)% below 2015. The following year, she received a 250% bonus for growing operating income 3.4%. Additionally in 2020, she received a 175% bonus for negative operating income, and a 263% bonus in 2021 for earnings 11% below \"Greatness Agenda\" targets",
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      "kind": "title",
      "text": "INABILITY TO ALIGN MANAGEMENT WITH SHAREHOLDERS (CONT.)",
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      "matchId": "84e48bfd-2f1e-4443-bbf4-e7c21a6fb94f",
      "evidence": "Contrasts CEO bonus payouts with failing operating income targets.",
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