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  "docSlug": "jarvis-macellum-the-childrens-place-presentation-april-2015",
  "documentTitle": "Macellum The Childrens Place Presentation April 2015",
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  "documentKindSlug": "activist-deck",
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  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2015-04-01 00:00:00",
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  "pageNumber": 33,
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  "density": "balanced",
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  "notes": "The slide uses a bar chart to contrast performance targets, framing the management of The Children's Place as underperforming relative to a peer.",
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      "kind": "chart",
      "text": "Company's Final Operating Income Target ($ millions)",
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      "text": "The Board of The Children's Place set the Company's final Target lower than the previous year's actual results by 9% in 2013 and by 14% in 2014. The Board justified its Targets by stating that the industry faced an “an intensely competitive, highly promotional, ‘over-stored’ environment.” The Board also stated that the achievement of the Target “required an outstanding management commitment and effort to achieve the objectives.” Meanwhile, in both 2013 and 2014, the Carter's Board of Directors set Targets that were higher than prior year results. Both Carter's and the Company operate in the same macro environment. We see no reason why Ms. Elfers should be so richly rewarded while The Children's Place performed significantly worse than Carter's.",
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      "kind": "other",
      "text": "Source: SEC Filings; Barington analysis.",
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      "kind": "title",
      "text": "While The Children's Place Has Set Declining Targets, Carter's Has Set Increasing Targets",
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