{
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  "docSlug": "jarvis-politan-capital-masimo-presentation-may-2023",
  "documentTitle": "Politan Capital Masimo Presentation May 2023",
  "authorId": "politan-capital-masimo-presentation-may-2023",
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  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2023-05-01 00:00:00",
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  "pageNumber": 43,
  "pageCount": 74,
  "prevPage": 42,
  "nextPage": 44,
  "slideType": "expose_contradiction",
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  "nDataPoints": 1,
  "notes": "Uses a three-column layout to categorize failures in oversight: employment agreements, related-party relationships, and independent counsel.",
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  "slideHref": "/slides/019f6b8f-539e-76ae-9e05-c3ee7dac0544/43",
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      "kind": "list",
      "text": "Never read CEO's employment agreement... Never learned about Cercacor relationship... Never received independent counsel...",
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      "kind": "paragraph",
      "text": "Even though special payment of ~$600M is a direct transfer from shareholders to Mr. Kiani, the Board has taken the extraordinary approach of not retaining independent counsel.",
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      "kind": "paragraph",
      "text": "Director Cohen testified that he had never read Mr. Kiani's employment agreement. Mr. Cohen has been a member of the Compensation Committee for 2 years and on the Board for nearly 5 years.",
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      "kind": "paragraph",
      "text": "Each independent director was unable to answer basic information about Cercacor during depositions. No director knew: How much of Cercacor Mr. Kiani owns. What royalties Masimo pays Cercacor.",
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      "kind": "quote",
      "text": "[Q] In any capacity on the board, you have not reviewed Mr. Kiani's employment agreement? Cohen: Correct.",
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      "kind": "title",
      "text": "Each Step of the Way, the Board Has Willfully Chosen to Be Uninformed",
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      "evidence": "Slides contrast current performance with potential benefits of change.",
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