Contrarian Corpus

225 documents showing 61–120

Bluebell Capital 2024-10-07

BP Plc BP

BP's ideologically driven 2023 strategy has failed; the Chair and Lead Independent Director must go, and the leaked U-turn on oil output breaches listing rules.

N3 V2 C1
Starboard Value 2024-10-01

Pfizer Inc. PFE

Pfizer squandered its $40bn COVID windfall on overpriced M&A while delivering almost none of the 15 promised blockbusters; the Board must hold management accountable.

N5 V4 C4
Elliott Management 2024-09-26

Southwest Airlines LUV

Southwest management has destroyed more value through inaction than anyone in the industry

N3 V4 C4
Engine Capital 2024-09-25

Dye & Durham Limited DND

Engine urges Dye & Durham's board to hold its 2024 AGM in December per TSX rules, or face board changes over entrenchment, delay tactics, and CEO Proud's destructive M&A.

N2 V1 C1
Bluebell Capital 2024-09-25

BP Plc BP

Renewables strategy is a series of U-turns with no consistency

N4 V3 C3
Elliott Management 2024-09-24

Southwest Airlines LUV

Worst-performing management team in airlines has destroyed more value than any peer

N3 V4 C4
Elliott Management 2024-09-24

Southwest Airlines Co. LUV

Management and Board are entrenching via poison pill and defensive maneuvers instead of accepting accountability

N3 V2 C2
Engine Capital 2024-09-19

Dye & Durham Limited DND

Court dismissal of OneMove litigation removes any remaining excuse to delay the Special Meeting

N2 V2 C1
Engine Capital 2024-09-11

Dye & Durham Limited DND

Dye & Durham's board broke its no-M&A pledge, re-levered to 5.3x, and lost six executives; shareholders need a Special Meeting and board change to close the peer valuation gap.

N4 V2 C2
Elliott Management 2024-09-10

Southwest Airlines LUV

Southwest is the most compelling airline turnaround opportunity in two decades

N4 V4 C4
Elliott Management 2024-08-26

Southwest Airlines Co. LUV

Shareholders lost more than 50% over three years under Kelly and Jordan

N4 V2 C2
Starboard Value 2024-08-06

Autodesk, Inc. ADSK

Autodesk's premier 93%-gross-margin software franchise is squandered under CEO Anagnost; Starboard demands cost cuts, compensation overhaul, buybacks and CEO re-evaluation to reach 45%+ margins and ~$15.50 FCF/share by FY2027.

N4 V3 C3
Starboard Value 2024-08-01

Autodesk, Inc. ADSK

Autodesk's premier software franchise is squandered under CEO Anagnost — peer-lagging margins, missed Investor Day targets and manipulated billings demand a Board-led overhaul to unlock 45% operating margins.

N4 V3 C3
Engine Capital 2024-07-30

C&C Group plc CCR

C&C has lagged peers by 81% since its 2019 LSE listing under four CEOs and a board owning 0.05%; electing Engine's two nominees brings M&A and capital-allocation expertise.

N3 V2 C1
Bluebell Capital 2024-07-23

BP Plc BP

BP's Board greenlit an unlawful solar-planning strategy and a value-destroying green pivot; replace the Chair, Senior Independent Director and CEO, or halt the renewables burn.

N4 V2 C2
Elliott Management 2024-07-08

Southwest Airlines LUV

Eighth guidance cut in 18 months proves leadership cannot deliver

N4 V1 C1
Starboard Value 2024-06-25

Autodesk, Inc. ADSK

Autodesk's Board tolerated years of underperformance and misleading billings disclosures; accountability, transparency, and a 1,000+ bps margin improvement can restore a best-in-class software franchise.

N4 V3 C3
Starboard Value 2024-06-25

Autodesk, Inc. ADSK

Autodesk is a high-quality monopoly hobbled by board complacency and misleading billings disclosures; transparency, accountability, and a 1,000 bps margin fix unlock material upside.

N4 V3 C3
Starboard Value 2024-06-17

Autodesk, Inc. ADSK

Autodesk's Board misled shareholders on free cash flow and ran out the nomination clock; reopen the vote, refresh directors, and fix margins to close the peer gap.

N4 V2 C3
Carl Icahn 2024-06-10

Southwest Airlines LUV

Southwest has the worst margins of any major U.S. airline under a 74-year legacy leadership team; a new outside CEO, refreshed board and modernized commercial strategy can deliver a $49 share price, 77% upside.

N5 V4 C4
Elliott Management 2024-06-10

Southwest Airlines LUV

Southwest lost 50%+ of market value in 3 years while peers thrived

N5 V4 C4
Elliott Management 2024-06-10

Southwest Airlines LUV

Southwest lost 50%+ of market value and EV is below the value of its aircraft alone

N5 V4 C4
Elliott Management 2024-06-10

Southwest Airlines LUV

Southwest's outdated strategy collapsed margins from best-in-class 21% to worst-in-class 8%

N5 V4 C4
Elliott Management 2024-06-10

Southwest Airlines LUV

Share price down >50% over 3 years; 2024 EBITDAR tracking ~50% below 2018 despite record industry revenues

N4 V2 C1
Oasis Management 2024-04-25

Kao Corporation 4452.JP

Kao has top-decile brands (Curel, Biore, Molton Brown) but bottom-decile management with a 'growth allergy' — fixing it Beiersdorf-style unlocks 76-97% upside.

N4 V4 C4
Ancora 2024-04-22

Norfolk Southern NSC

Norfolk Southern is the only Class I rail without PSR; electing Ancora's seven nominees replaces Alan Shaw with Barber and Boychuk to redesign the network and reach $420/share.

N4 V3 C3
Land & Buildings 2024-04-18

National Health Investors, Inc. NHI

NHI is an undervalued senior-housing REIT whose conflicted, interlocked board threatens to give away the upcoming NHC lease renewal — vote AGAINST Webb and Swafford to force change.

N4 V2 C2
Ancora 2024-04-15

Norfolk Southern Corporation NSC

Norfolk Southern is the worst-performing Class I railroad under Alan Shaw; replacing the Board and installing UPS/CSX operators to run PSR closes the 780bps OR gap and unlocks $420 per share.

N5 V4 C4
Bluebell Capital 2024-04-11

TIM S.p.A. (Telecom Italia) TIT

Vote Bluebell's slate to replace TIM's worst-in-class CEO Labriola with Google Cloud exec Laurence Lafont, halt strategic chaos, and unlock ~100% upside versus European telco peers.

N4 V3 C3
Bluebell Capital 2024-04-09

BlackRock, Inc. BLK

BlackRock's governance trails the S&P 500 on every metric, its stewardship team is overwhelmed, and TSR has merely tracked the market since 2009 — separate Chair and CEO to restore independent oversight.

N4 V3 C3
Bluebell Capital 2024-04-09

BlackRock BLK

BlackRock's combined Chair/CEO and below-peer governance have delivered only market-matching TSR since 2009 and fuel greenwashing risk; shareholders should vote FOR an Independent Chair at the 2024 AGM.

N4 V3 C3
Bluebell Capital 2024-04-09

BlackRock BLK

BlackRock's combined CEO/Chair role and entrenched Lead Independent Director leave the board without true oversight; bylaws should mandate an Independent Chair from AGM 2025.

N4 V2 C3
Trian Partners 2024-03-29

The Walt Disney Company DIS

Disney has underperformed its peers across every recent time period under the incumbent board; elect Trian's Peltz and Rasulo to restore focus, accountability, and shareholder alignment.

N3 V3 C3
Ancora 2024-03-26

Norfolk Southern NSC

Norfolk Southern is the worst-performing Class I railroad under CEO Alan Shaw's failed 'resilience railroading'; elect Ancora's slate to install Jim Barber as CEO, adopt true PSR, and unlock ~60% upside.

N4 V3 C3
Trian Partners 2024-03-01

The Walt Disney Company DIS

Disney's decade of underperformance stems from a board lacking focus and accountability; electing Peltz and Rasulo brings ownership mentality to fix succession, streaming economics and capital allocation.

N5 V4 C4
Trian Partners 2024-03-01

The Walt Disney Company DIS

Disney lost its way under a distracted, unaccountable board; replacing two directors with Peltz and Rasulo restores focus on DTC margins, CEO succession, and capital discipline.

N5 V4 C4
Trian Partners 2024-03-01

The Walt Disney Company DIS

Disney's decade of underperformance stems from a passive Board; Trian's nominees Peltz and Rasulo will fix CEO succession, right-size legacy media, and drive DTC to Netflix-like 15-20% margins by 2027.

N5 V4 C4
Ancora 2024-02-05

Norfolk Southern Corporation NSC

Norfolk Southern's safety and operating failures — epitomized by the preventable East Palestine derailment — require replacing CEO Alan Shaw and reconstituting the Board with independent nominees.

N3 V2 C1
Ancora 2024-02-01

Elanco Animal Health ELAN

Elanco has destroyed billions under CEO Simmons and an insular classified board; replacing four directors at the 2024 AGM installs accountability and unlocks the animal-health turnaround.

N4 V4 C4
Trian Partners 2024-02-01

The Walt Disney Company DIS

Disney squandered a winning hand through a weak, unfocused Board; electing Peltz and Rasulo brings the shareholder mindset needed to reverse years of TSR underperformance.

N3 V3 C3
Engine Capital 2024-01-22

Parkland Corporation PKI

Parkland's entrenched board has driven a decade of peer underperformance and a sector-low 6.9x multiple; a shareholder-led board refreshment is needed to close the valuation gap.

N4 V2 C2
Trian Partners 2024-01-18

The Walt Disney Company DIS

Disney's board has failed shareholders — TSR lags peers by 401% over ten years — so Trian is nominating Peltz and former CFO Rasulo to restore governance, accountability, and 'the magic.'

N3 V2 C2
Palliser Capital 2023-12-06

Samsung C&T Corporation 028260 KS

Samsung C&T trades at a 63% discount to its $40.4bn NAV; fixing capital allocation, governance and the opaque group structure closes a $25bn value gap worth ~170% upside.

N5 V4 C4
Elliott Management 2023-11-29

Phillips 66 PSX

Phillips 66 has lost investor trust by taking its eye off refining; adding two refining-experienced directors — and Marathon's 2019 playbook if targets slip — unlocks ~75% upside to $205+.

N4 V2 C2
Ancora 2023-10-17

Forward Air Corporation FWRD

Forward Air's $3.2B Omni Logistics deal destroys shareholder value; block the deal, replace CEO Tom Schmitt and the Board, and shares rerate to $140-$145.

N4 V3 C3
Elliott Management 2023-05-11

The Goodyear Tire & Rubber Company GT

Retail stores alone could be worth nearly Goodyear's entire market capitalization

N5 V4 C4
Starboard Value 2023-05-05

LivePerson, Inc. LPSN

LivePerson's Founder-CEO LoCascio has destroyed value and ignored governance; Starboard is launching a 2023 proxy fight to force a CEO change or sale of the company.

N4 V2 C2
Engine Capital 2023-04-20

Parkland Corporation PKI

Parkland's board re-nominated its 24-year chairman and set sub-cost-of-capital ROIC targets; Engine urges shareholders to WITHHOLD on all incumbents to force governance, pay, and portfolio reform.

N3 V1 C1
TCI Fund 2023-03-23

Cellnex Telecom, S.A. CLNX

Cellnex is a great asset hobbled by a board that botched CEO succession; TCI will move at the AGM to remove Kan, Shore and Reich and seat its own director.

N3 V2 C1
Soroban 2023-02-22

Union Pacific Corporation UNP

UNP owns the best Class I rail franchise but ranks worst on every metric under CEO Lance Fritz; bringing back operator Jim Vena could double the stock to ~$400 by 2025.

N5 V4 C4
Oasis Management 2022-12-21

Digital Garage, Inc. 4819 JT

Digital Garage's fintech payments arm is starved by a distracted conglomerate; spinning off FinTech and dumping the Kakaku.com stake unlocks ~100% upside amid Japan's cashless boom.

N3 V2 C1
Oasis Management 2022-12-21

Digital Garage Inc. 4819 JT

Digital Garage is missing Japan's cashless-payments wave; spinning off DG Financial Technology, divesting Kakaku, and refocusing management would nearly double the stock and lift profit before tax from JPY4.5bn to JPY11.4bn.

N4 V2 C1
Palliser Capital 2022-12-19

Capricorn Energy PLC CNE

Capricorn's board is destroying value by forcing a low-ball NewMed sale; replacing seven directors unlocks up to 400p per share via Palliser's Value Optimisation Plan.

N4 V2 C1
Palliser Capital 2022-10-27

Capricorn Energy CNE

NewMed's all-share bid for Capricorn hands shareholders a 42% discount and a self-serving board deal; a cash-return plus Egypt-focused optimisation path unlocks 400p/share instead.

N5 V4 C4
Starboard Value 2022-10-19

Multiple (Wix, Salesforce, Splunk, Vertiv) WIX / CRM / SPLK / VRT

Four high-quality TMT names (Wix, Salesforce, Splunk, Vertiv) trade at multi-year-low valuations; closing the margin gap to peers as the market shifts from growth to profitability unlocks substantial FCF/share upside.

N4 V3 C3
Starboard Value 2022-05-09

LivePerson, Inc. LPSN

Founder-CEO Rob LoCascio's unchecked power has produced repeated missed commitments and a 70% stock decline from peak

N4 V2 C2
Starboard Value 2022-05-09

LivePerson, Inc. LPSN

Founder-CEO LoCascio has lowest Glassdoor approval among peers; toxic culture rewards loyalty over performance

N4 V3 C3
Carl Icahn 2022-05-01

McDonald's Corporation MCD

McDonald's board broke a 10-year promise to end gestation crates; replace Penrose and Lenny with two ESG experts to fix systemic governance and sustainability failures.

N4 V3 C3
Sachem Head 2022-04-26

US Foods Holding Corp. USFD

Sachem Head owns 8.7% of US Foods and is running a proxy fight to install five directors who can close the Sysco margin gap and deliver ~100% upside.

N4 V3 C3
Starboard Value 2022-03-08

Huntsman Corporation HUN

Huntsman failed all 2016 and 2018 Investor Day EBITDA and share-price promises

N4 V4 C3