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  "documentTitle": "Politan Capital Masimo Presentation May 2023",
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  "presentationDate": "2023-05-01 00:00:00",
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  "notes": "Uses a 'Masimo's False Claim' vs 'Reality' structure to preemptively address the narrative that the activist is anti-innovation.",
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      "text": "Company filings, Bloomberg.",
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      "text": "Reality: We want to bring discipline to capital allocation and focus to strategy. By trying to do everything, Masimo risks failing in adjacent markets where they ought to succeed. Many iconic, innovative US companies have benefited from focus brought on by a refreshed Board.",
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      "kind": "paragraph",
      "text": "Masimo's False Claim: Masimo claims we want to stop innovation. Because we care about ROIC, Masimo equates that to wanting to do nothing outside of core.",
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      "kind": "quote",
      "text": "[Politan's CIO] thinks that all that we should be doing is pulse oximetry, and with it, he would get great operating margins and EPS. He’s right. He would, instantly. Mr. Kiani, Deposition",
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      "text": "Issue, Solution, Result for Microsoft and Home Depot",
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      "text": "We Want to Improve Innovation, Not Stop It",
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