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Component collection for the active corpus filters, with each row opening the slide detail view.

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Matching slides 110,355
Current window 49,561-49,590
Pages 3,679
Rows per page 30
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49,561-49,590 of 110,355

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40
The slide uses a 'before-after' or 'contradiction' framing to show that sales force expansion is outpacing bookings growth.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor Loop · Cost Of Inaction1 hit
41
The slide uses a stacked bar chart to decompose gross bookings into three components: Employer Services, PEO Net Bookings, and PEO Pass-Through Bookings, highlighting the increasing share of pass-throughs.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
42
The slide uses red 'X' icons to signify the removal of previously available data points.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
43
Uses a red box to highlight negative CAGR in Mid-Market and Enterprise segments.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
45
Uses a 'VS' comparison structure to juxtapose executive quotes against empirical market data.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
46
The slide uses a red circle to highlight Ultimate's superior retention rate as a counter-example to ADP's service model claims.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
47
The chart uses a bridge methodology to decompose revenue growth between FY2009 and FY2017.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
48
Uses CEO/CFO quotes as evidence of strategic shift and potential growth headwinds.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
50
The slide highlights a specific margin increase while providing context on the underlying cost pressures (dual operation costs).Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
51
Uses a direct quote from a 10-K filing to expose accounting practices.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
52
The chart uses a waterfall structure to bridge from reported margin to adjusted net operational profit margin.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
55
The chart uses a color-coded legend for different market segments (SMB, Enterprise, PEO, HCM, Major Accounts).Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
56
Uses a CEO quote to frame the contradiction between stated strategy and actual operational metrics.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
57
The chart uses a stacked bar approach to differentiate between business segments (e.g., PEO, SMB, Enterprise) and highlights the 'Recurring Median' vs ADP's performance.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
58
The slide uses a 'gap analysis' approach to justify activist intervention by quantifying the potential financial upside of operational improvements.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
63
The slide uses historical margin data and business mix percentages to establish Paychex as a valid proxy for ADP's SMB segment performance.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor Loop · Mece Breakdown1 hit
66
Includes detailed footnotes explaining adjustments for PEO pass-through costs and float income.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor Loop · Mece Breakdown1 hit
67
Uses a stacked bar chart to illustrate the discrepancy in implied profitability.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor Loop · Mece Breakdown1 hit
68
The slide uses a 'build-up' logic to justify a target margin range based on competitor benchmarks.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor Loop · Mece Breakdown1 hit
69
Includes a quote from Gary Butler (ADP Former CEO) to support the thesis on implementation costs.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor Loop · Mece Breakdown1 hit
70
The charts illustrate the 'OpEx burden' of smaller, faster-growing competitors compared to ADP's scale.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor Loop · Mece Breakdown1 hit
71
Includes peer benchmarks (ADP, Paychex) as context for operating expense and margin targets.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
72
Uses external analyst validation to support the investment thesis regarding operating leverage.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
76
Includes a bar chart showing EBITDA margins for specific international regions and supporting management quotes.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
79
Uses a 'preempt_rebuttal' style to dismantle management's narrative.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
80
Uses a 'preempt rebuttal' style to dismantle specific management claims.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
84
Uses three distinct quotes to build a logical argument about the mislabeling of support as service.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
90
Uses expert testimony to validate the problem statement.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
92
The slide uses a 'villain' framing by highlighting technical debt and lack of focus.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
95
The slide uses a block diagram to illustrate product sprawl and technical debt.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit