I think originally when first requested by Elliott, this was to be a special shareholder meeting in Mannheim in October ( since the operating margin topic has been a sore one for many shareholders for a long time), but you are correct the meeting in Nov in NY is Capital Markets day to update on SAP strategy and give first ideas on the Operational excellence measures.
However in parallel, it is interesting that also in July, SAP informed shareholders not to expect any "big" margin gains until next year/2020 ? I wonder why the "easy " costs like all the unnecessary travel, expensive events ( like the one in Hawaii every year) have not already dealt with and eliminated, assuming these type things are even on the table. For those who were around in 2009 when was the last layoff's were done, was pretty interesting ( and revealing where are the priorities) that the Leadership decided to proceed with sending out thousands to Hawaii and bringing in top entertainment for each of the nights of the event and spending millions and millions on this event, while 4 % of the workforce was getting laid off.
At same time setting the stage for the pressure they are under, earlier this year, there was the 21% decline in operating profit which indicates they still struggle with how to get the costs under control. And 5 % decline in License Revenue, which still represents the overwhelming source of overall revenue for SAP ( about 70%). So already was a failure on the operating profit for this year as these efficiency meetings were happening and drop in long standing License revenue for which SAP has been built and survived on for all these many years, should be a big concern.
I think good advice for everyone to be very aware about what comes out of this operational efficiency task which Elliott has asked for and what ideas the Exec team will propose, for whom they will be and "where" they will ( and won't) be implemented.