Callouts & quotes from 432+ activist slides

"Upon their review of the pitolisant data and FDA package, both experts expressed surprise that pitolisant was ever approved, with the hERG expert predicting an eventual recall due to its cardiotoxicity."

"A review of BlackRock's thematic ETFs shows that just three of eighteen use MSCI indices as a benchmark. We believe this is an underwhelming penetration of MSCI-linked offerings from its largest client."

"We’ve reviewed comparable acquisitions in the uniform rental and services space. Transaction multiples suggest businesses in this sector should be valued at approximately 1.8x and 9.5x sales and EBITDA."

"FDA review clearly indicates its reliance on the lack of reported serious adverse events at the time of approval in 2019 – now contradicted by the facts (FDA CDER Clinical Review (Solages, Sep 28, 2020)"

"EMA review (Annex 1) indicated massive discontinuation rates, and indicated 12-mo ESS reduction lower than that purported in HARMONY 3 trial paper and no different than placebo reduction in prior trials"

"In the following table we see a few of the leading brands and can observe a clear pattern of a division between highly rated brands with thousands of reviews and poorly rated brands with less reviews."

"Though there will continue to be store closures in 2010, there will be store openings as well. More than half the companies we reviewed were either planning to add new stores or roll out new concepts"

"Given our observations and concerns about revenue reporting and quality, we observe that DY has been increasing its audit-related fees for audit review and internal control over financial reporting."

"Since the Board announced its intended promotion of Mr. Shaw to CEO, Norfolk Southern has only changed for the worse and shareholders have only suffered, as evidenced by an objective review of data."

"Despite management’s rhetoric, we believe Disney has never thoroughly reviewed its cost structure, as evidenced by the fact that over the last three years costs have outpaced sales growth by ~400bps"

"there was a clear and direct correlation of pitolisant exposure with QTc prolongation and that “at supratherapeutic doses, QTc increases greater than 10 msec are anticipated.” — FDA clinical review"

"PowerSchool’s largest smartphone app, PowerSchool Mobile, has almost 34K reviews and has been downloaded over 5 million times on the Google Play store, carrying a mediocre 2.3-star average rating."

"The opinions that KOL's and former employees shared of the SENZA-RCT's lead investigator appear consistent with patient reviews – with one patient warning "Please beware this clinic and this man.""

"The IRS audited one of our investment funds covered by our 2018 insurance policy in an audit involving a review of the fair market value determination of our solar energy — RUN Q2 2021 10-Q, p. 75"

"Negative sentiment abounds on recent reviews of the Dropbox app at the Google Play store. While Dropbox claims stable and improving churn, the anecdotal evidence points in the opposite direction."

"Heska says it has dramatically increased its level of innovation and product development and frequently embellishes its capabilities, but the evidence we’ve reviewed does not support these claims"

"However, this claim of a scientific breakthrough is Ambry's own characterization, based on their internal data and not an independent, peer-reviewed publication at the time of the announcement."

"McGraw-Hill must move past long overdue "reviews" and finally execute on transforming its corporate structure to improve operating performance and realize the true value potential of its assets"

"The FDA’s reviewer’s conclusion – shown below – exhibits no awareness that a 2 point reduction in ESS is a failure: “HARMONY 1-bis provides confirmatory evidence of pitolisant’s effect on EDS.”"

"In reviewing alternatives for Target, Pershing Square’s objective was to eliminate the stock market’s ascribed discount to the intrinsic value of Target’s real estate and allow the Company to:"

"Above is a screen shot of another repetitive comment, review. This time, Liang identified as many as 25 comments that were identical and repeated by different users in different WeChat groups."

"The ventilation of Agreed Issue [A1.4c] attracted resistance from the Council and the Developer. They characterised it as inappropriate ‘rolling judicial review’. But this resistance subsided."

"Thus, we expect that one of the SDAX companies will officially replace HelloFresh in the MDAX in the next index review announcement on December 3, 2025 with effective date on December 22nd."

"Most patients who receive pitolisant are unlikely to reach exposures seen with the 106.8 mg dose, as the highest recommended dose is 35.6 mg once daily. — FDA CDER Clinical Review, Dec 2018"

"Nine of the deaths are noted in a table on p10 of the CDER review. Six were sudden deaths (four found dead at home) that could have been due to heart failure – no autopsies were performed."

"A strategic review of the Security business and an evaluation of the spend and strategy around the Switching business are both appropriate and timely given the failures in these two areas"

"Molton Brown has excellent brand equity and there is huge scope for margin improvement by expanding into less seasonal categories and reviewing its manufacturing and pricing architecture."

"Curél remains unavailable for retail in most of Europe outside of the UK, despite strong consumer reviews among European consumers who have purchased Curél (usually directly from Japan)."

"Shareholders should vote “AGAINST” to stop Management from continuing the value destruction and to set a path to unlock value by engaging in a full diagnostic and review of ACAS' assets"

"Based on our wide-ranging conversations with transplant physicians, as well as an exhaustive review of the clinical literature, the answer to both of the above questions is clearly, No."

"Given Verint's prioritization of management and sales over internal investment in R&D, employee reviews which suggest internal conflict and declining workplace morale do not surprise us"

"“CYP2D6 alleles tested and genotyping methods were appropriate for determining CYP2D6 PM [poor metabolizer] and NM [normal metabolizer] status.” — FDA CDER Clinical Pharmacology Review"

"Beyond these survey results, we believe a sampling of the Glassdoor reviews from anonymous employees of LivePerson provides ample evidence of the severe issues with corporate culture."

"Beyond these survey results, we believe a sampling of the Glassdoor reviews from anonymous employees of LivePerson provides ample evidence of the severe issues with corporate culture:"

"Elliott retained a “Big Four” accounting firm to review the implications of a Marathon separation and concluded that there is a path to minimal tax leakage and durable value creation"

"Phillips 66's Board needs to execute a formal operational review of its refining business in order to understand the reasons behind lagging profitability – and how to reverse course."

"TWC compares favorably to its industry peers across most of the ratings criteria discussed by Moody’s and S&P and in the benchmarking analysis that was reviewed in this presentation."

"Phillips 66’s Board needs to execute a formal operational review of its refining business in order to understand the reasons behind lagging profitability – and how to reverse course."

"Reviews for Swift-Finance Ltd on Trustpilot show the typical markers of a financial scam, by users giving it 5 stars with unprecise everything-is-always-perfect-with-them rhetoric."

"The claim for judicial review is allowed. (2) The planning permission (reference DM/22/01769/FPA) granted by the Council on 13th July 2023 for a solar farm at Burnhope is quashed."

"The claim for judicial review is allowed. (2) The planning permission (reference DM/22/01769/FPA) granted by the Council on 13th July 2023 for a solar farm at Burnhope is quashed."

"The very fact that the Board, in reviewing the leadership structure, does not detect any anomaly is the best demonstration of the lack of independent oversight within the Board."

"After more than eleven months of a Strategic Review process, we believe management and the Board must drive the process to conclusion and commit to a separation of Classifieds."

"Cintas needs to conduct a fully independent, and audited review of its Fire Protection Services workforce to make sure it is conducting its business in compliance with the law."

"Parkland announced its determination that a strategic review is unnecessary and does not consider the best interests of the majority of our shareholders. — Parkland Corporation"

"The very fact that the Board in reviewing the leadership structure does not detect any anomaly is the best demonstration of the lack of independent oversight within the board."

"In the papers and textbooks we reviewed, nephrologists appear to agree that serum-creatinine-based measurements of GFR become less accurate as chronic kidney disease advances."

"When you attach materials to your entries for judges' review, consider that judges have only a few minutes to review and rate each entry. — Entry Preparation Tips from website"

"“Unfortunately, we haven't seen any evidence that Nuvei has changed any of the shady business practices that made the Pivotal Payments brand name so toxic.” — One review site"

"A review of Bolloré's corporate governance practices demonstrates that unaffiliated shareholders must not support any slate put forward by Bolloré and his related companies"

"BOOT was not featured as a sponsor in Google’s shopping tab search for “western boots” that we conducted and did not even appear as a top feature based on consumer reviews."

"We have the ability to consummate the transaction on an accelerated basis and are prepared to enter into a confidentiality agreement and commence our due diligence review."

"PricewaterhouseCoopers LLP has not audited, reviewed, examined, compiled nor applied agreed-upon procedures with respect to these operational metrics or their components."

"Elliott believes that there are clearly identifiable steps to realize value at ACAS and that a capable Board actively overseeing a strategic review can unlock this value"

"While backlog does not have a standardized definition, based on our review, we believe that ROAD incorporates extremely liberal and aggressive interpretation of backlog."

"We can locate no peer-reviewed publication for the withdrawal study – a troubling and unusual fact – but Miller’s name is once again on the title page of its slide deck."

"A new board-level committee, assisted by independent advisors, will lead a comprehensive business review to modernize Southwest and restore best-in-class profitability"

"A new board-level committee, assisted by independent advisors, will lead a comprehensive business review to modernize Southwest and restore best-in-class profitability"

"A new board-level committee, assisted by independent advisors, will lead a comprehensive business review to modernize Southwest and restore best-in-class profitability"

"A new board-level committee, assisted by independent advisors, will lead a comprehensive business review to modernize Southwest and restore best-in-class profitability"