Callouts & quotes from 2,037+ activist slides

"Third Point had limited confidence that Campbell’s incumbent Board (after years of abysmal oversight) would conduct a proper and thoughtful strategic review"

"The board continues to believe that the most powerful driver of long-term shareholder returns will be continued strong absolute and relative NAV performance"

"Engine has engaged with more than 50 boards of directors over the last decade, and we have never encountered a situation where one has been so unresponsive."

"We are calling on the Board to collaborate on the following changes to strengthen oversight and select the best new CEO to lead the Company into the future."

"We are calling on the Board to collaborate on the following changes to strengthen oversight and select the best new CEO to lead the Company into the future."

"We are calling on the Board to collaborate on the following changes to strengthen oversight and select the best new CEO to lead the Company into the future."

"We are calling on the Board to collaborate on the following changes to strengthen oversight and select the best new CEO to lead the Company into the future."

"We are calling on the Board to collaborate on the following changes to strengthen oversight and select the best new CEO to lead the Company into the future."

"The board continues to believe that the most powerful driver of long-term shareholder returns will be continued strong absolute and relative NAV performance"

"If management and the Board are left unchecked, shareholders will not have an opportunity to have their voices formally heard on the Red Lobster Separation."

"The board continues to believe that the most powerful driver of long-term shareholder returns will be continued strong absolute and relative NAV performance"

"The board continues to believe that the most powerful driver of long-term shareholder returns will be continued strong absolute and relative NAV performance"

"The board continues to believe that the most powerful driver of long-term shareholder returns will be continued strong absolute and relative NAV performance"

"The BEA board should, in the best interests of BEA shareholders, conduct an auction process to explore the scope for a sale of BEA at an appropriate premium"

"We are calling on the Board to collaborate on the following changes to strengthen oversight and select the best new CEO to lead the Company into the future."

"We are calling on the Board to collaborate on the following changes to strengthen oversight and select the best new CEO to lead the Company into the future."

"Spruce Point believes Stan Avery, the founder of the Company would not be happy with the direction the current management and Board have taken the Company."

"Mr. Colligan lacks relevant retail board experience and most of his public board experience consists of service on the boards of underperforming companies."

"We believe the Red Lobster transaction highlights the incumbent Board members' attitudes towards shareholders and their inability to create value at Darden"

"We believe the Red Lobster transaction highlights the incumbent Board members' attitudes towards shareholders and their inability to create value at Darden"

"HK has built a USD $77bn foreign currency fiscal reserve, or $294bn (~126% of trailing GDP) including the funds backing the currency board and other assets"

"Kao’s Board is worst-in-class among global peers in coverage of skills specifically outlined as strategically necessary to achieve the K27 Management Plan."

"VERINT'S BOARD-LED STRATEGY IS DELIVERING STRONG OPERATIONAL PERFORMANCE, FINANCIAL RESULTS AND STOCK PRICE APPRECIATION — Verint Systems Inc. Proxy Filing"

"The Board has impugned its credibility on ESG by failing to deliver on its commitment to eliminate the usage of cruel gestation crates in its supply chain"

"The business is not broken – the valuation of the business is broken and fixing the stock’s valuation is entirely in the hands of the Board and management"

"If the Siebel family still maintains assets at Makena Capital and paying it management fees, how can C3's Board members be objective and without conflict?"

"Trian believes Mr. Zatta’s extensive experience in the specialty chemical sector will allow him to bring valuable industry experience to the DuPont Board."

"Trian believes Mr. Zatta’s extensive experience in the specialty chemical sector will allow him to bring valuable industry experience to the DuPont Board."

"Trian believes Mr. Zatta’s extensive experience in the specialty chemical sector will allow him to bring valuable industry experience to the DuPont Board."

"Despite substantial business progress and a high-quality board & management team, the company's share price has underperformed since its spin-off from GGP"

"We Believe Almost 75% of the VIAB board are not independent by a reasonable definition; ISS recommends a “substantial majority of a board be independent”"

"For these reasons, we believe that the odds that non-Glenview shareholders support a combination of HMA and Community are increased by changing the Board"

"Help change the narrative by voting the GOLD card FOR Elliott's highly qualified nominees and proposal to implement annual elections for all board seats."

"The Board rewarded Mr. Shaw with a 37% increase for a year in which the Company's customers, employees, shareholders and community partners all suffered."

"We believe the recent increase in AOL’s stock price is directly attributable to Starboard’s involvement and plans to significantly increase value at AOL."

"We urge our fellow shareholders to VOTE FOR each of the Resolutions to strengthen the Board, restore confidence and set Capricorn in the right direction."

""The Board appointed Alan Shaw as CEO because the depth and breadth of his experience would best position us to leverage PSR..." — Norfolk Southern Board"

"TIM governance has improved since independent directors replaced the Vivendi-controlled Board; meanwhile Vivendi’s own shareholder rights have collapsed"

"Samsara's Board wins the trophy for being experts in nearly everything. Its self-assessment is glowing, and we believe reflects a disingenuous critique."

"Pike's investment experience and his expertise in the energy and oil and gas financial sectors would make him a valuable addition to the Phillips Board."

"“Thanks to our Board, who knows that we will be the standard of care and to our patient shareholders, thank you. We are on our way.” — Mehren (AXDX CEO)"

"Southwest’s response demonstrates how profoundly out of touch the Board and management are with shareholder sentiment and the reality of the situation."

"Southwest’s response demonstrates how profoundly out of touch the Board and management are with shareholder sentiment and the reality of the situation."

"First, the Board must work with Darden’s management team to unify the strategic plan going forward while completing the CEO search as soon as possible."

"We have nominated four director nominees to the 10-person Board, thereby seeking minority representation on the Board on behalf of common shareholders."

"First, the Board must work with Darden’s management team to unify the strategic plan going forward while completing the CEO search as soon as possible."

"Our proposal is not intended to be a vote of no-confidence in CEO Larry Fink, but simply aims to address the lack of independent oversight by the Board"

"We have nominated four director nominees to the 10-person Board, thereby seeking minority representation on the Board on behalf of common shareholders."

"We have nominated four director nominees to the 10-person Board, thereby seeking minority representation on the Board on behalf of common shareholders."

"Phillips 66's misleading claims of success on its 2022 targets echo the Board's and previous CEO's failure to hit the AdvantEdge66 cost savings target."

"“We believe the stock performance is compelling evidence of the effectiveness of the Board and management” — Buffalo Wild Wings Media Statement, 3/8/17"

""We believe the stock performance is compelling evidence of the effectiveness of the Board and management" — Buffalo Wild Wings Media Statement, 3/8/17"

"Stacy Nieuwoudt, Elliott nominee for Phillips 66’s (NYSE: PSX) Board, explores how breaking up large energy conglomerates can unlock significant value."

"The fact that individual members of the supervisory board have a certain relationship with the company or with its partners is also absolutely normal."

"Why does Target’s board continue to nominate its own members and not conduct a professional search for new directors with senior operating experience?"

"The Board has failed to effectively oversee the Company’s ESG and sustainability efforts, resulting in poor disclosures and little meaningful progress"

"Edgewater's legacy directors represent a tired and broken Board that has failed to maximize shareholder value despite having over ten years to deliver"

"Warning: We believe Oatly’s Chairman of the Board provides a disingenuous biography that fails to capture his recent experience with Genius Foods Ltd."

"The Board insists on measuring performance from THE ONLY date in which ROVI has outperformed peers, following a one-day decline of 43% in ROVI’s stock"

"Given this Board’s track record, we find it disappointing that it rejected adding Nelson and Jay as Directors outright without even meeting with them."