Callouts & quotes from 37,061+ activist slides

"He questioned the transplant outcomes with long pump times – "and that’s a problem...it’s very hard to get the data...because they’re not collecting it.""

"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."

"With an average lofty price target of $44 (implying +35% upside), and signs of a struggling business, IRBT has ramped up its investor marketing campaign."

"The risk to Sony is that a successful cloud streaming service can reduce the size of the physical console TAM by giving casual gamers a lower-cost option"

"Monetization of non-core public equity stakes could provide $12bn of value that could be used for growth investments or return of capital to shareholders"

"Leidos current Chief Accounting Officer is Christopher Cage, a long-time SAIC employee, having started at the Company in 1999 according to an 8-K filing."

"Indicated he has no plans to prescribe Vykat, stating that diazoxide is an old drug with a severe toxicity profile that it well-known to endocrinologists"

"Would Yum have been as successful (and would it have built a Chinese business worth >$20bn) had it been part of PepsiCo these past 15 years? We think not"

"In other words, patients on the higher dose did far worse, and it appears that statistical significance vs. placebo was driven by the tiny 20mg subgroup."

"It can't be doing $500m. Take the MacDonald Humfrey out which is approximately $100m. The core L3Harris business is no more than $300m, service included."

"Had the acquisitions been in effect for all of 2014, revenues generated from the acquired companies would have been at least 43% of WUBA’s total revenue."

"Our investigator visited the property in March 2020 and confirmed that the property is a growing operation but sees minimal improvements to the property."

"GSHD’s shareholders took on debt, held by the company, and more than half of the proceeds went into the pockets of the CEO and the other pre-IPO holders."

"This deception offends basic principles of transparency and trust, but the more important point is that Nunes, their key man and CEO, is also a lobbyist."

"Should the market re-price Japanese credit risk, it is hard to see how Japan could avoid a government default or hyperinflationary currency death spiral."

"As shown in the software industry, we also expect this subscription revenue stream will be capitalized at much higher multiples than a transactional one."

"Given that some of these machines sell for $50MM each, Lasertec’s claim of 100% raw materials and work-in-process and 0% finished goods is clearly false."

"Given that some of these machines sell for $50MM each, Lasertec’s claim of 100% raw materials and work-in-process and 0% finished goods is clearly false."

"it’s not a tool to support production because the production demands you have to quite frequently monitor and quite frequently check the EUV mask breaks."

"Implement clear milestones for R&D projects and only focus on projects that will result in a positive risk adjusted return on invested capital over time."

"If our observation is correct, it would mean that no pulp was actually running into the machine; rather, the machine was merely looping finished product."

"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."

"I have already answered that. We have learned that, on short notice, only limited defense is possible against false claims and allegations. — Mr. Tüngler"

"(Dr. Weimann: Do you think that we do not appreciate this - you do not have to complain! We all acknowledge this! - Acclamation: Carry on!) — Dr. Weimann"

"We fundamentally believe, you've heard us say it before, that we really do have the best franchise in the railroad industry. — November 2014 investor day"

"CEO Cord Christensen stated that he expects the legacy veterinary business, excluding new stores, to support sales growth in the services segment of 25%."

"4/7/08: “We need to execute our plans and move them safely and quickly from idea to cash as only cash creates real shareholder value.” — Alcoa Management"

"Shareholders will have the opportunity at the 2014 annual meeting to vote on how we have performed and hold us accountable. — Darden Revocation Statement"

""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"

"過去に豊田自動織機の経営陣は、デンソーに対して豊田自動織機から各OEMへの直接販売を認めるよう求めてきたが、今日に至るまで進展はない。トヨタグループ全体の視点から見ると、現在のデンソーと豊田自動織機の間には、多くの機会損失や非合理性が存在しているのは事実である — 元営業企画責任者、自動車部品サプライヤー"

"“... Our cleanse process culminated in record quarterly reported income ... of $42.5 million.” — Tom Schmitt, Chairman, President & CEO, October 27, 2021"

"Expedia to Spin Off TripAdvisor — Scott Morrison (Wall Street Journal). Barry Diller sells shares in TripAdvisor, steps down as chairman — Business News."

"creating and updating HD maps can cost as much as $1,000/km, necessitating frequent updates to keep up with changing road conditions. — Applied Intuition"

"We believe that ACN, from its inception, is similar to the Multiple Listing Service, or MLS, in the United States. — BEKE F-1A, dated Nov. 16, 2020, p. 2"

"a faster decline in existing Web games due in part to a more challenging environment on the Facebook Web platform. — Zynga (July 2012 earnings statement)"

"A Former Employee Told Us They Believed the CEO of Datasection, Norihiko Ishihara, Has Used NowNaw Japan to Mask Its Backing by a China Military Company."

"… I would estimate that 90-95% of national ads on Patch are being filled by ad networks at a CPM of $1 to $2…. — Former Patch sales executive, March 2012"

"and moved the entire team over to Looker at the same time — Justin Laing, Q&A Justin Laing On Selling Crank Logic, SantaCruzTechBeat.com, March 13, 2018."

"Based on the way the Company manages its business, the Company has determined that it currently operates with one reportable segment. — CVNA FY 2017 10-K"

"There were no material impairment expenses taken during the years ended December 31, 2024, 2023, and 2022. — Resideo Technologies, Inc. (2024 SEC Filing)"

"Manhattan U.S. Attorney Preet Bharara alleged that Novartis was a "repeat offender" as the Company was already under a 2010 CIA over kickback allegations"

"This e-mail, any attachments and the information contained therein ("this message") are confidential and intended solely for the use of the addressee(s)."

"This e-mail, any attachments and the information contained therein ("this message") are confidential and intended solely for the use of the addressee(s)."

"This e-mail, any attachments and the information contained therein ("this message") are confidential and intended solely for the use of the addressee(s)."

"The Treasury's response was an unapologetic expression that amounted to saying that at that point “doing whatever it takes” — Office of Inspector General"

"Founder Geordie Rose once derided gate-based systems as a "rotten idea," insisting quantum annealing was the only viable path to commercial applications."

"By calling GFL's automated phone directory (905-326-0101) we see that Paul Borrelli maintains a voicemail box and presumably is still an employee at GFL"

"At a minimum, this illustrates poor due diligence on the part of GFL, and a consistent theme Spruce Point believes is occurring with GFL's acquisitions."

"2014 was a year marked by strong returns continued value creation by our portfolio companies which we expect to be further enhanced by permanent capital"

"This water volume decline is 4x greater than WTRG's 1% p.a company-wide decline and underscores our belief that recent deals are becoming less economic."

"As a general business principle, we believe it is inappropriate and unethical for any management to compete with the shareholders they are paid to serve"

"It is difficult to see how the Company would be unaware of this misstatement; and, if AMT is in fact aware of the discrepancy, it would amount to fraud."

"The structure of both Carvana's initial loan sales and its recent refinancings is depicted below. Note that Ally is replaced as the lender to the trust."

"As shareholders, we would not feel comfortable with the Company being so heavily controlled by insiders – especially one convicted of felony bank fraud."

"However, capital allocation / capital structure strategy has become an increasingly controversial issue for CCI during the last 12-18 months in our view"

"CCI's essentially domestic tower portfolio does not seem to have garnered the Company an advantage at securing low cost debt relative to its tower peers"

"We learned from Muddy Waters that you can only -- in the short-term to a limited extent against false allegations -- We have also already answered this."

"It is critical to appreciate that Mellanox is not just slightly worse than peers on these key metrics, it is completely out of line with the peer group."

"Flush with cash from selling stock at record prices, it’s easy for the CEO to purchase a lakefront mansion for $14.2m, a corporate jet and a helicopter."