Callouts & quotes from 37,061+ activist slides

"Based on public import records, we find irrefutable evidence that M.I.T Solutions, a questionable distributor in Thailand has been shipping products back to Leidos SD&A’s US headquarters."

"Not good at all!!! We have been in the hospital since Friday!!! Retained fluid all over especially his lungs with potential heart failure. Stopping Vykat aka diazoxide choline for good!!!"

"I’ll be using GLP-1’s before I would be using this...from my experience with GLP-1’s to date, I’m quite hopeful...the HQ-CT score came down...I’m more encouraged by that than by the DCCR."

"The new dataset contains both HbA1c and fasting glucose charts, but it appears someone forgot to alter the fasting glucose one - which suggests to us that the HbA1c data is a fabrication."

"Trial investigator #7 stated that Vykat makes no sense versus cheap, generic diazoxide suspension, with which he and other endocrinologists already have experience using “for many years.”"

"75% discontinuation rate – "they stop within a month or two"; "weakest of all the drugs out there"; third or fourth line treatment; suspects whatever little effect it has is just placebo."

"If the alleged conduct occurred, the respective private actor's services could have been used to facilitate, enable, conceal, or profit from the aforementioned conduct that IHL prohibits."

"The address Beijing City Haidian District, Northwest Wangdong Rd No.10, East District Building 7 is called Beyondsoft Building (博彦科技大厦), and it appears to us it is a three-floor building."

"Trian encourages management teams and boards to operate as if wearing "bifocals," with a watchful eye on the near-term but always maintaining a primary focus on maximizing long-term value"

"We pride ourselves on not being dogmatic; a core Trian principle is to be a good listener, to consider both sides of an issue and support the best ideas regardless of where they originate"

"We seriously question whether these individuals have made decisions with the best interests of DSP in mind as they were handsomely profiting from their ownership of CEVA stock and options"

"Starboard believes Mr. Taffe’s extensive experience as a senior executive and Board member at leading semiconductor companies will enable him to provide invaluable oversight to the Board."

"Although the Company initially made some progress towards these targets in 2022, during 2023, GoDaddy has fallen well off the pace on almost every metric it presented at the Investor Day."

"Global reach: Today, our network enables us to complete cross-border payments in over 1,700 corridors from 17 countries to over 115 countries, in over 75 currencies. — IPO Prospectus 2021"

"For the six months ended June 30, 2020, cash flow from operating activities was $82.0 million, an increase of 125.9% compared to the same period in the prior year — GFL Environmental Inc."

"So I think the [strategic] daylight between [me and Gary Kelly] is, yes, there's some, but it's really small, and it's absolutely none of the fundamentals. — CEO Bob Jordan, December 2021"

"In May 2012 and August 2012, we purchased a portion of the working interest in leases covering acreage in northern Oklahoma from WCT Resources — From the 2013 consent revocation statement"

"James Taiclet: "The sites we acquired in Brazil are high performing towers and the multiple pay was in the range of 12x to 13x adjusted EBITDA." — James Taiclet, CEO, American Tower Corp."

"In the light of the line of challenge which has succeeded, I will quash the Planning Permission and the NMA, so that the decision is remitted to the Planning Committee — UK Court Judgment"

"So I think the [strategic] daylight between [me and Gary Kelly] is, yes, there's some, but it's really small, and it's absolutely none of the fundamentals. — CEO Bob Jordan, December 2021"

"In conversations with investors, Dr. Kleinfeld insisted that Arconic/Alcoa had never shared its utilization figures and, further that utilization was an unimportant and misleading metric."

""The difference between PCC and Arconic is not the nature of the assets, but what PCC gets out of them." — Chris Ayers, Shareholder Nominee, Fmr. EVP Precision Castparts, Fmr. EVP Arconic"

""The difference between PCC and Arconic is not the nature of the assets, but what PCC gets out of them." — Chris Ayers, Shareholder Nominee, Fmr. EVP Precision Castparts, Fmr. EVP Arconic"

"“For years... BlackRock has misled consumers about the scope and effects of its widespread ESG activity,” — Jonathan Skrmetti, Attorney General, US State of Tennessee, 18th December, 2023"

"Also in our opinion, the Company did not maintain, in all material respects, effective internal control over financial reporting as of September 30, 2021... — Twist 10K filed Nov 23, 2021"

"So I think the [strategic] daylight between [me and Gary Kelly] is, yes, there's some, but it's really small, and it's absolutely none of the fundamentals. — CEO Bob Jordan, December 2021"

"In November 2018, the Company renewed its normal course issuer bid (New Bid) to purchase up to 8,000,000 common shares... No shares were purchased under the New Bid. — FY 19 Annual Report"

"“Developing this property in the best possible way is the most important thing in my life. I expect to be working on this into my 90s” “There is no price that is acceptable” — Donald Bren"

"We have been in the hospital since Friday!!! Retained fluid all over especially his lungs with potential heart failure. Stopping Vykat aka diazoxide choline for good!!! — Parent report #1"

"DuPont asserts that Trian has used “faulty extrapolations” — James Collins, Executive Vice President of DuPont at Bank of America Merrill Lynch US Basic Materials Conference (12/10/2014)."

"The CFA Institute published an analysis calling the award "outlandish on its face" and questioning whether any CEO was worth $120 million with no performance requirements. — CFA Institute"

""For years... BlackRock has misled consumers about the scope and effects of its widespread ESG activity," — Jonathan Skrmetti, Attorney General, US State of Tennessee, 18th December, 2023"

"“Lets have open conversations to lead the industry we want to create”; “Transformative Innovation”; “An Ecosystem to Build Together”; “Built Around Biology, Not Chemistry.” — Kalo website"

"So I think the [strategic] daylight between [me and Gary Kelly] is, yes, there's some, but it's really small, and it's absolutely none of the fundamentals. — CEO Bob Jordan, December 2021"

"“It’s simple for hospitals to connect Apple's HealthKit to their Epic electronic health-record systems” — Dr. Shafiq Rab, chief information officer at Hackensack University Medical System"

"「その通りです。Isteqの光源は商業的なアプローチで完成しそうになくて、うまくいくはずもありません。Isteqの光源は純粋研究のために開発されたものです。研究は継続的でなく、瞬発的に進むものです。しかし、検査では毎日24時間の稼働に耐えなければいけません。また、それはたいへんです。とてもたいへんですよ。まったく違います」 — KLAで極端紫外線マスク検査を担当した元幹部"

"「先方の売り込み内容とは何かというと、追加で装置を購入すれば、いくつかの優遇措置を提示してくれました。例えば、補償期間を無償で伸ばすとか、稼働率については、例えば60%〜70%を最低限の稼働率として保証して、それ以下になった場合、稼働時間の損失について補填してもらう、というふうな話だったようです。」 — Marvell Technology Senior Employee"

"“A surgeon I just talked to said I'll tell you who their whores are. He mentioned a couple of very high-volume users. It sounds to me like a bribery, pay-to-play kind of thing.” — Surgeon"

"“And I think we are still probably disclosing $50 million [of investment in Patch] and we’ll continue on that path until we see a need to change that number.” — CEO Tim Armstrong, 4/28/10"

"she did gag a little at first but ended up swallowing it!; if she would swallow the pills whole...I may be more inclined to stay on it... — Anonymous parents from Vykat discussion groups."

""I think Lightspeed's view was that they would generate a lot of payment revenue out of their e-commerce platform and it probably wasn't the case." — Former Employee >5yrs With Lightspeed"

"To the extent that we are unable to make payments under the Tax Receivable Agreement, such payments generally will be deferred and will accrue interest until paid. — PowerSchool 2023 10-K"

"Direct-to-consumer ready-to-eat meals are a nascent food vertical that we believe has the potential to grow into a multi-billion-dollar category over time. — Uwe Voss, HelloFresh U.S. CEO"

"So I think the [strategic] daylight between [me and Gary Kelly] is, yes, there's some, but it's really small, and it's absolutely none of the fundamentals. — CEO Bob Jordan, December 2021"

"locals are skeptical of a company that she said has gone from proposing a large-scale thermal coal mine to focusing on local sales of coal for home furnaces. — Reporting on Ramaco in 2017"

"“in most defense deals, the counterpart does not want to be nominated” and that “for the time being, they asked us to keep silent, keep it confidential and we respect it” — EOS Management"

""the customer has indicated that further work is required to finalize the arrangements" and therefore now "believes this could be concluded in February or March 2026" — EOS Q4 2025 update"

"HSIC's Animal Health business is a fueled by 680 global field sales consultants that have achieved over 70% veterinarian penetration and 20%-35% market share in key pet markets globally."

"How is it possible that Nuvei could not accurately account for dividend payments by subsidiaries to non-controlling interests? In addition, there are unusual revisions to lease payments."

"We believe this repeated behavior is the outcome of broader and more systemic problems, including a poor corporate culture that appears to reward loyalty to the founder over performance."

"With 59% of the $1.3 trillion in REIT equity market capitalization in non-traditional asset classes, the public markets offer a superior venue to own a diversified real estate portfolio."

"We Believe WTRG’s $4.3 Billion Dollar Levered Acquisition of Peoples Natural Gas Was Done In Desperation, Has Financial Reporting Anomalies, And Is Already Being Evaluated For Impairment"

"Spruce Point observes many signs of financial stress in Generac’s financial statements. Gross margins are declining, inventory turns are decreasing and earnings quality is deteriorating."

"AMT exhibits a casual attitude toward its investments, seemingly feeling investments are justified because they are made at lower price to EBITDA multiples than its EV / EBITDA multiple."

"While Carvana could perhaps achieve levels of compensation efficiency comparable to CarMax, achieving per-unit compensation costs 30-60% lower than CarMax would be extremely challenging."

"Led unprecedented effort to monetize 6,500 patents in industry defining transaction. Patents were sold for $4.5 billion to a consortium including Ericsson, Apple, RIM, Microsoft and EMC."

"CCI offers shareholders attractive risk-adjusted returns, with steady and predictable secular growth, an inexpensive valuation, strong downside protection, and increasing capital returns"

"Management has adjusted its definition of adjusted EBITDA on an almost quarterly basis. Rarely do we see management teams make such frequent adjustments to proprietary financial metrics."

"We believe the restaurant General Managers are the most important individuals in a casual dining company – they should have a compensation structure that promotes an ownership mentality."

"Bob Evans, as a pure-play family-dining restaurant company subsequent to the separation of BEF Foods, with an entirely remodeled store base, could be an attractive acquisition candidate."