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The slide uses a transition arrow to suggest a strategic shift from the current Xerox model to a more efficient traditional model.Icahn Enterprises | Activist Presentation Deck | 44 slides · Icahn Capital LP and Deason Capital Services, LLC
Activist deck Activist investor Beat · The StruggleLoop · Before After1 hit
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The slide uses a 'villain' framing for Xerox's management failure to monetize its own R&D.Icahn Enterprises | Activist Presentation Deck | 44 slides · Icahn Capital LP and Deason Capital Services, LLC
Activist deck Activist investor Beat · The StruggleLoop · Before After1 hit
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Includes a quote from Steve Jobs regarding Xerox's missed potential.Icahn Enterprises | Activist Presentation Deck | 44 slides · Icahn Capital LP and Deason Capital Services, LLC
Activist deck Activist investor Beat · The StruggleLoop · Before After1 hit
35
The slide uses a combination of quantitative data (donut charts) and qualitative evidence (CEO/CTO quote) to support the thesis.Icahn Enterprises | Activist Presentation Deck | 44 slides · Icahn Capital LP and Deason Capital Services, LLC
Activist deck Activist investor Beat · The StruggleLoop · Before After1 hit
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The slide uses a call-to-action as a footer to frame the data as a leverage point for negotiation.Icahn Enterprises | Activist Presentation Deck | 44 slides · Icahn Capital LP and Deason Capital Services, LLC
Activist deck Activist investor Beat · The StruggleLoop · Before After1 hit
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Icahn Enterprises | Activist Presentation Deck | 44 slidesIcahn Enterprises | Activist Presentation Deck | 44 slides · Icahn Capital LP and Deason Capital Services, LLC
Activist deck Activist investor Beat · The StruggleLoop · Before After1 hit
38
Uses a dual-waterfall structure to bridge from 2017 cost structure to 2018 EBIT improvement.Icahn Enterprises | Activist Presentation Deck | 44 slides · Icahn Capital LP and Deason Capital Services, LLC
Activist deck Activist investor Beat · The StruggleLoop · Before After1 hit
39
The slide highlights the value gap between the proposed transaction (~$28/share) and the activist's plan ($54-$64/share).Icahn Enterprises | Activist Presentation Deck | 44 slides · Icahn Capital LP and Deason Capital Services, LLC
Activist deck Activist investor Beat · The Struggle1 hit
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Includes a bridge calculation for the $59 illustrative total value.Icahn Enterprises | Activist Presentation Deck | 44 slides · Icahn Capital LP and Deason Capital Services, LLC
Activist deck Activist investor Beat · The Struggle1 hit
41
Uses a 'Tale of the Tape' format to contrast two valuation scenarios.Icahn Enterprises | Activist Presentation Deck | 44 slides · Icahn Capital LP and Deason Capital Services, LLC
Activist deck Activist investor Beat · The Victory1 hit
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Icahn Enterprises | Activist Presentation Deck | 44 slidesIcahn Enterprises | Activist Presentation Deck | 44 slides · Icahn Capital LP and Deason Capital Services, LLC
Activist deck Activist investor Beat · The Victory1 hit
11
Uses an Andy Warhol-style illustration of a man with a Campbell's soup can to evoke brand decline.Third Point Management | Activist Presentation Deck | 45 slides · Third Point
Activist deck Activist investor Beat · The Monster (incumbent Board)Loop · Cost Of Inaction1 hit
12
The slide uses a classic 'blame' structure common in activist investor presentations to justify board replacement.Third Point Management | Activist Presentation Deck | 45 slides · Third Point
Activist deck Activist investor Beat · The Monster (incumbent Board)Loop · Cost Of Inaction1 hit
13
Uses the 'ceo-quote-contradiction' framework to highlight management's own admission of failure.Third Point Management | Activist Presentation Deck | 45 slides · Third Point
Activist deck Activist investor Beat · The Monster (incumbent Board)Loop · Cost Of Inaction1 hit
14
The slide uses a timeline to visualize a series of acquisitions, framing them as a 'hodgepodge' to support an activist critique of the board's governance.Third Point Management | Activist Presentation Deck | 45 slides · Third Point
Activist deck Activist investor Beat · The Monster (incumbent Board)Loop · Cost Of Inaction1 hit
15
Uses a quote from Piper Jaffray to reinforce the 'abysmal execution' narrative.Third Point Management | Activist Presentation Deck | 45 slides · Third Point
Activist deck Activist investor Beat · The Monster (incumbent Board)Loop · Cost Of Inaction1 hit
16
Uses a side-by-side comparison of two failed acquisitions to critique corporate strategy.Third Point Management | Activist Presentation Deck | 45 slides · Third Point
Activist deck Activist investor Beat · The Monster (incumbent Board)Loop · Cost Of Inaction1 hit
17
Uses media headlines to frame the investment as a failure.Third Point Management | Activist Presentation Deck | 45 slides · Third Point
Activist deck Activist investor Beat · The Monster (incumbent Board)Loop · Cost Of Inaction1 hit
18
Part of an activist investor presentation (Third Point) criticizing management.Third Point Management | Activist Presentation Deck | 45 slides · Third Point
Activist deck Activist investor Beat · The Monster (incumbent Board)Loop · Cost Of Inaction1 hit
19
The slide uses a 'problem-evidence' split layout, combining qualitative management admission with quantitative performance data.Third Point Management | Activist Presentation Deck | 45 slides · Third Point
Activist deck Activist investor Beat · The Monster (incumbent Board)Loop · Cost Of Inaction1 hit
20
The slide uses a 'problem-evidence' structure to validate the activist's critique of management.Third Point Management | Activist Presentation Deck | 45 slides · Third Point
Activist deck Activist investor Beat · The Monster (incumbent Board)Loop · Cost Of Inaction1 hit
21
Uses a third-party quote from UBS to validate the activist's critique.Third Point Management | Activist Presentation Deck | 45 slides · Third Point
Activist deck Activist investor Beat · The Monster (incumbent Board)Loop · Cost Of Inaction1 hit
22
The slide uses a combination of qualitative text and a quantitative bar chart to demonstrate the deterioration of the deal's performance.Third Point Management | Activist Presentation Deck | 45 slides · Third Point
Activist deck Activist investor Beat · The Monster (incumbent Board)Loop · Cost Of Inaction1 hit
23
Uses a before-after framing style to contrast current disaster with future outlook.Third Point Management | Activist Presentation Deck | 45 slides · Third Point
Activist deck Activist investor Beat · The Monster (incumbent Board)Loop · Cost Of Inaction1 hit
24
Uses a kitchen fire illustration to metaphorically represent the 'negative impact' and 'headwinds' mentioned in the text.Third Point Management | Activist Presentation Deck | 45 slides · Third Point
Activist deck Activist investor Beat · The Monster (incumbent Board)Loop · Cost Of Inaction1 hit
25
The chart uses a red color scheme to emphasize the negative trend in ROIC.Third Point Management | Activist Presentation Deck | 45 slides · Third Point
Activist deck Activist investor Beat · The Monster (incumbent Board)1 hit
26
Uses a strong accusatory tone to frame the Board's actions as either incompetence or deceit.Third Point Management | Activist Presentation Deck | 45 slides · Third Point
Activist deck Activist investor Beat · The Monster (incumbent Board)1 hit
27
Uses a Benjamin Franklin quote as a rhetorical device to highlight the Board's failure.Third Point Management | Activist Presentation Deck | 45 slides · Third Point
Activist deck Activist investor Beat · The Monster (incumbent Board)1 hit
28
Includes a screenshot of a CNBC news segment featuring Third Point's position.Third Point Management | Activist Presentation Deck | 45 slides · Third Point
Activist deck Activist investor Beat · The Monster (incumbent Board)Loop · The Reveal1 hit
29
The slide uses a pull-quote format to leverage third-party authority (J.P. Morgan) to validate the activist's thesis.Third Point Management | Activist Presentation Deck | 45 slides · Third Point
Activist deck Activist investor Beat · The StruggleLoop · The Reveal1 hit