Callouts & quotes from 37,061+ activist slides

"If the person [Lead Director] is not independent or lacks substantive duties, the position is simply cosmetic."

"IN 2012, DR. KLEINFELD TOLD COMPANY OFFICERS THAT THEIR BONUSES WOULD BE CUT BY 20% "BECAUSE OF ISS" CRITICISM"

"Not surprisingly, as we demonstrate below, we found that YY-controlled bots supply Liu Yishou with fake gifts."

"With the revised proposal, we have now secured commitments for all financing needed to emerge from bankruptcy."

"This further served to increase Simon’s reported Regional Mall occupancy and sales per square foot as of Q1’10"

"We exited our investment in S&P because we were unable to establish a full-sized position at attractive prices"

"The four legacy directors mentioned below have purchased a combined total of 7,700 shares in the past 10 years"

"We will appoint a qualified interim CEO to implement the plan while the search for a permanent CEO is underway"

"Why then has First Energy Bank has put the parts of its website touting the NMC facility into the Memory Hole?"

"We Believe Oatly Doesn't Practice What It Preaches: Stress Testing Oatly's Sustainability Claims And Practices"

"However, we believe the evidence shows that Oatly has experienced more recent product failures than successes."

"In Our View, Best Corporate Governance Practices Don't Involve Appointing Your “Pal” or “Friend” To Your Board"

"Our Low End Estimate for Non-Cash ITC-Related HLBV Income in 2020 and 2021 is $20.3 million and $293.2 million"

"A Cash-Burning Inferno That Is Not A Going Concern, Operating A Ponzi-Like Scheme That Will End In Bankruptcy."

"Rio's inability to share risks with targets has cost shareholders an estimated c.US$35.6 billion in book value"

"These “training” programs are fundamentally deceptive and likely violate a number of consumer protection laws."

"P&G's organic growth has consistently underperformed its peers' growth rates in each of the last four quarters"

"We remind investors that segment revenues are still below 2013 levels, and operating profits (still negative)."

"SP believes that the HDM backlog and growth is heavily predicated on China, despite select other opportunities"

"Our analysis shows that diversification does not lead to superior risk-adjusted returns for companies like BHP"

"Set forth below are the summary cash flow projections for McOpCo based on the assumptions detailed on page 76."

"We believe Samsara has a clear history of using aggressive contract terms, particularly pricing, to win deals."

"Our belief is that Samsara insiders are working to maximize their compensation at the expense of shareholders."

"None of HIMS’ affiliated pharmacies or pharmacy partners are FDA-registered outsourcing facilities (List Here)"

"We believe Elliott's strength is in catalyzing change – not just the identification, but the creation of value"

"Has Amdocs reached a level of financial aggressiveness that no other US-listed company is willing to approach?"

"Insider ownership now stands at a paltry 1.5%, meaning that insiders have little at risk if the Company fails."

"Management's $64M implied annual sales contribution spread over five quarters, adjusted for acquisition timing"

"GCP has spent $78 million, or ~$1.00 per share, on advisory fees and restructurings over the past three years."

"Marathon merchandise margins significantly lag Casey's and Couche-Tard, its closest peers for in-store retail."

"Cost of revenues and SG&A (and related taxes) were subsequently increased after the initial 4Q16 press release"

"A total of 5 acquisitions were made in 2016 and 2017 which were attributable for at least 13.3% of the growth."

"M&A represented at least 47% of its total growth in 2017. More alarming is that organic growth is decelerating"

"Need for Riverbed to provide basic customary due diligence to Elliott so it can potentially increase its offer"

"Disney's recently-announced strategic initiatives are lacking in detail to sufficiently evaluate their merits."

"We believe Elliott's strength is in catalyzing change – not just the identification, but the creation of value"

"The vast majority of Phillips 66 Midstream EBITDA could be fully sold or separated as part of a tax-free spin."

"Based on recent shareholder-unfriendly actions, this Board seems highly unlikely to stand up for shareholders."

"We believe the Board’s compensation practices must be significantly improved in order to drive accountability."

"We are not accepting the terms you have offered and will let your proposal go to a vote at our annual meeting."

"GGP’s share price was flat, including dividends, from the beginning of 2014 to the date we exited the position"

"EPS has grown at a significantly lower rate than the consumer staples index and key competitors like Coca-Cola"

"The discount evaporates not gradually but in the snap of an analyst upgrade cycle that is only just beginning."

"We believe Elliott's strength is in catalyzing change – not just the identification, but the creation of value"

"The vast majority of Phillips 66 Midstream EBITDA could be fully sold or separated as part of a tax-free spin."

"Fidelity and T.Rowe Price were formerly >5% owners but have repeatedly reduced their ownership in the Company."

"Our ability to access low-cost, investment grade, long-term debt is an important competitive advantage for PSH"

"In May 2016, AKG presented an alternative version of events that directly contradicts the earlier information."

"Coming in under capex guidance allows Hill-Rom to hit (implied) FY17 FCF guidance despite significant OCF miss"

"Whether judging by customer or market demographics, Olive Garden and Red Lobster are clearly the most similar."

"Fluor has nearly doubled its exposure to Urban Solutions, which we believe is poised to see substantial growth"

"....my understanding is that Alcira has been operating outside the law since these areas were revoked in 2015."

"GGP’s share price was flat, including dividends, from the beginning of 2014 to the date we exited the position"

"It is time for investors to rotate out of NIO, enjoy your profits and look for the next disruptive technology."

"The majority of sell-side analysts are bullish on Stryker, and the consensus view calls for another 5% upside."

"DLH had impaired tt Timber by S$27 million (DKK117 million), which was reversed in 2010 upon the sale to Olam."

"Fairfax's 6.1% gain is out of line with those of a comp group of other P&C insurers that have adopted IFRS 17."

"Even at Considerably Smaller Revenue Scale, BMC's Growth is Extremely Unimpressive Relative to its Competitors"

"Dividend coverage is minimal. Small declines in NOI will stress the company’s ability to maintain its dividend"

"The logical action for a guilty company to take would be to avoid providing an explanation that can be tested."