{
  "docId": "019f6b8f-539e-76ae-9e05-c3ee7dac0544",
  "docSlug": "jarvis-politan-capital-masimo-presentation-may-2023",
  "documentTitle": "Politan Capital Masimo Presentation May 2023",
  "authorId": "politan-capital-masimo-presentation-may-2023",
  "authorName": null,
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2023-05-01 00:00:00",
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  "pageNumber": 41,
  "pageCount": 74,
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  "slideType": "testimonial",
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  "density": "balanced",
  "nDataPoints": 0,
  "notes": "The slide uses authority bias by citing diverse, high-credibility sources to frame the compensation agreement as indefensible.",
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  "slideHref": "/slides/019f6b8f-539e-76ae-9e05-c3ee7dac0544/41",
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      "kind": "other",
      "text": "Section 3: Broken Corporate Governance",
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      "kind": "quote",
      "text": "This is an astounding amount of consideration for a change in the composition of one-third of the board... [these provisions] preclude the board from exercising its statutory and fiduciary duties... and thus amounts to abdication.",
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      "kind": "quote",
      "text": "I have not found a single example of an agreement containing each of the extreme aspects that can be found in Mr. Kiani's CIC agreement... Masimo's CIC agreement is the most egregious and problematic that I have ever seen.",
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      "kind": "quote",
      "text": "Triggering the Special Payment is a very scary prospect for me in that it's a lot of shares and a lot of dollars... I thought the employment agreement that existed alone was a sufficient poison pill.",
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      "kind": "quote",
      "text": "CalSTRS has been a Masimo stockholder for more than a decade...The Masimo CEO's employment agreement is not only counter to the best interests of the Company's stockholders, but also sets a dangerous precedent.",
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      "kind": "title",
      "text": "Compensation Agreement Is an Appalling Entrenchment Device, as Noted by Many...",
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