Corpus coverage

319,975 slides

319,974 are described (100%), so the treemap can explain the corpus instead of just counting files.

Total slides
319,975
Described
319,974
Pending
1

Slide type composition

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Slide type

Showing 319,974 described slides — 100.0% of 319,975 rendered pages

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Slide collection

136,021-136,080 of 319,975

filter-aware
54
The chart uses a stacked bar approach to distinguish between operational revenue and PEO pass-through costs.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
59
The slide uses a 'bridge' logic to arrive at the potential margin, adjusting for business mix and operating leverage.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
60
Automatic Data Processing (ADP) (ADP)Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
61
Automatic Data Processing (ADP) (ADP)Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
62
Automatic Data Processing (ADP) (ADP)Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor Loop · Mece Breakdown1 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
64
Includes detailed footnotes explaining adjustments for float income and PEO pass-through costs.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor Loop · Mece Breakdown1 hit
65
Includes detailed footnotes regarding fiscal year adjustments and PEO pass-through costs.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
73
The slide uses direct quotes from investor conferences to establish a precedent for margin expansion potential.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
74
Automatic Data Processing (ADP) (ADP)Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
75
Includes a sensitivity table for operating profit margins based on lower margin revenue.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
77
The slide uses color-coding to represent different business units (Small Business, Major Accounts, National Accounts, International) across margin tiers.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
78
Uses 'L.S.D.' (Low Single Digit) and 'H.S.D.' (High Single Digit) abbreviations.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
81
Automatic Data Processing (ADP) (ADP)Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
82
The slide uses a list-based diagnostic approach to link operational issues to financial line items.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
83
Automatic Data Processing (ADP) (ADP)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
85
Uses a contrast-pairs framework to redefine the company's terminology.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
86
Includes two testimonial quotes from a 'Former VP Business Transformation' to support the argument.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
87
The slide uses a map to argue that the company's physical footprint is overly fragmented and inefficient.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
88
Automatic Data Processing (ADP) (ADP)Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
89
Automatic Data Processing (ADP) (ADP)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
91
Automatic Data Processing (ADP) (ADP)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
93
The slide uses a bulleted list to break down the specific technical and operational failures of the legacy system.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
94
Uses two quotes from a 'Former VP of National Accounts, Product Management' to substantiate claims of organizational dysfunction.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
96
Automatic Data Processing (ADP) (ADP)Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
97
Automatic Data Processing (ADP) (ADP)Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
98
The slide uses a 'problem-solution' structure, identifying the productivity decline and then quantifying the upside of fixing it.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
99
The slide uses a line chart to contrast reported gross metrics with adjusted metrics to reveal a hidden decline in performance.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
100
Uses the 'ceo-quote-contradiction' framework to highlight the gap between executive rhetoric and operational performance.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
101
The chart highlights ADP's significantly lower sales productivity compared to peers like Ultimate, Insperity, and Trinet.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
102
The slide uses a direct quote to preemptively shift blame from the sales team to the product strategy.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
103
Automatic Data Processing (ADP) (ADP)Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
104
The chart uses a dual-axis approach to show both absolute dollar spend (bars) and percentage of revenue (squares).Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
105
Uses a stacked bar chart to compare 2011A vs 2017A spend composition.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
106
Automatic Data Processing (ADP) (ADP)Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
107
Automatic Data Processing (ADP) (ADP)Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
108
Includes a quote from a former VP to validate the claim of excessive management layers.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
109
The slide uses a map to illustrate organizational inefficiency or lack of centralization.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
110
The slide uses a map to argue that the company's offices are unnecessarily fragmented despite being in close geographic proximity.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
111
Automatic Data Processing (ADP) (ADP)Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
112
Uses a classic before-after-bridge structure to justify the migration strategy.Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit
113
Automatic Data Processing (ADP) (ADP)Automatic Data Processing (ADP) (ADP) · William Ackman
Activist deck Activist investor 1 hit