Callouts & quotes from 37,061+ activist slides

"The fact of the matter is nobody is empowered to make a decision except for Peter and Jungsang."

"Hess operates in 3x as many countries. Hess has significant operations in 4x as many countries."

"We believe the amended transaction will result in long-term value creation for RBA shareholders"

"Luxor, which appears to be masquerading as an activist, seems to be misaligned and misinformed."

"Valeant's capital allocation strategy reflects management's focus on creating shareholder value"

"Valeant's adjusted tax rate is a more accurate measure of the company's annual cash tax expense"

"For that one illustrative field, this is a 50% increase in the number of rows of module tables."

"The Board has failed to install executive compensation practices that properly align incentives"

"Building 500 looks to be the only one that has no issues, it's almost 100% leased to Jones Day."

"Co-incidentally Invenergy is a company into which another arm of Blackstone has invested ~$4bn."

"Our independent director candidates stand for improved governance, oversight and accountability"

"Olive Garden’s Yelp ratings emphasize that a renewed vision is desperately needed for the brand"

"So, at current strip prices, Pioneer’s drilling program continues to destroy shareholder value."

"however, we believe these targets are not attainable and are modelling much lower growth rates."

"Spruce Point believes that leaving Premier's GPO immediately could be the best option for GNYHA"

"Before the market turned, GGP was exploring a billion dollar redevelopment of South St. Seaport"

"To date, PSH has repurchased 5.5M shares at a 20.1% discount to NAV at a cost of $77.2 million."

"The Dye & Durham Value Creation Plan Is Full of Inaccuracies Designed to Misinform Shareholders"

"We believe these blended plant milks will add additional competitive pressures to the category."

"Even when adjusted for scale, Fortrea’s adjusted EBITDA margins are well below the peer median."

"Twist’s TAM is like a treadmill where one has to keep running faster to stay in the same place."

"Customers returning to Genscript after trying Twist suggest its antibody offering is a disaster"

"Margins have deteriorated as noninterest expense has grown rapidly against stagnant fee revenue"

"Despite a commitment to “investments”, Management does not appear equally committed to “growth”"

"A partial solution at best to address growing importance of local and slowness of matrix model."

"Market share losses in each of P&G’s 7 largest categories (marked with *) over the past 5 years"

"In Feb. 2012, P&G announced a $10bn cost reduction plan to be completed fully by FYE June 2016."

"Using conservative assumptions, our plan is forecast to deliver a $420 share price by month 36."

"The Company is underreporting and misallocating share based compensation at the parent company."

"TMC failed to disclose to investors its pre-existing relationship with TOML dated back to 2013."

"In our opinion, the necessary intervention is now to remove the CEO from all management duties."

"We have identified opportunities that we believe would improve margins by approximately 900bps."

"We believe streamlining the research process will lead to lower costs and enhanced productivity"

"Spruce Point's analysis shows that without Baker Hughes, C3's margins are in the mid 60% range."

"The guarantee business model is most effective with large, well-established market participants"

"What is accounting for the other $160m of estimated costs to hit the $350m total cost forecast?"

"Located nine miles from downtown Las Vegas, Summerlin is the premier place to live in Las Vegas"

"We estimate the net value of GGP’s MPC segment to be anywhere between $0.27 and $6.72 per share"

"Outlines a Superior Plan for Shareholders that Could Result in $42 Per Share Within Three Years"

"Unlike its pure media industry players, Disney generates ~70% of EBIT from Parks & Experiences."

"Disney’s Board Appears Far More Focused on Gamesmanship Than Substantive Shareholder Engagement"

"PHILLIPS 66'S OWN PERFORMANCE METRICS DEMONSTRATE THAT THEY ARE UNDERPERFORMING ON COST SAVINGS"

"The Board has failed to hold management accountable for the Company's promises to shareholders."

"We believe that Huntsman can improve its Adjusted EBITDA margin by ~600bps on a run-rate basis."

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

"We believe that Huntsman can improve its Adjusted EBITDA margin by ~600bps on a run-rate basis."

"Huntsman CEO receives a disproportionately large annual pension benefit compared to Proxy Peers"

"Follow the money carefully, especially when both its largest owner and management sell together"

"We understand from former employees that at least 18 of 33 customers XL featured were inactive."

"We think this analogy would be more appropriate if PeptiDream’s Jaguar were missing its wheels."

"What other factors might the FTC consider in determining whether a company is a pyramid scheme?"

"Distributors incur substantial non-refundable, non-product expenses in their attempt to succeed"

"A former Axon exec gave the analogy of asking someone to give up your Windows operating system."

"Prudence dictates that these legal claims should be risked into any price target going forward."

"Recent channel checks show that FLAWLESS receives terrible product placement on retail shelves."

"PHILLIPS 66'S OWN PERFORMANCE METRICS DEMONSTRATE THAT THEY ARE UNDERPERFORMING ON COST SAVINGS"

"MSCI's revenue valuation premium is difficult to reconcile in relation to its projected growth."

"The Facts: Vivion Holdings' entire shareholder loan balance was in fact seeded by two entities."

"Peter Breese and Colin Steyn have sold a substantial portion of their original holdings in AKG."

"Rather than considering Goff's ideas, Phillips 66's Board has responded with a personal attack."