Callouts & quotes from 37,061+ activist slides

"I can't even begin to work out until I find the right news to infuriate me."

"Phillips 66 has been unable to deploy organic growth capital within budget."

"OUR NOMINEES WILL WORK TIRELESSLY TO HELP ENSURE A BRIGHT FUTURE FOR NEWELL"

"Tessera has outperformed the market by 39% since Starboard joined the board"

"Olive Garden, like Brinker, can use technology to connect with the customer"

"Lower than company average (35.7%) to account for increased consumables mix"

"Salesforce and Splunk have outperformed the market over the past 12 months."

"The Purported Borrowers CIFS Discloses All Appear to be Sham Counterparties"

"so much cheaper to make huge volumes of liquid-filled lithium-ion batteries"

"When plumbed with a dip stick, the tanks appeared to be full of soybean oil"

"Reality: unable to stay within "focus area" nor avoid high working interest"

"Hess well costs 39% above Continental 1H'12 drilling the same type of well."

"Valeant has achieved announced cost synergies in all announced transactions"

"Today, Elliott proposes to acquire athenahealth for $160 per share in cash."

"We think this may be a convenient narrative to deflect underlying problems."

"For context, PowerSchool is a software provider focused on the K-12 sector."

"Tessera has outperformed the market by 39% since Starboard joined the board"

"Value means more than just price, but overpricing the menu must be avoided."

"In May we showed that Pioneer did not have a positive value on a DCF basis."

"Management’s best investments = 4.3% return on incremental invested capital"

"But the one that's really become very important to us is asset utilization."

"Improving operating performance sounds good, but how do you actually do it?"

"We estimate Phillips could retire ~60% to ~90% of its shares outstanding(4)"

"We conservatively value Valeant’s durable portfolio at 20x forward earnings"

"S&P must strongly advocate for mandatory public disclosure of GHG emissions"

"Like many other ANTA associates, this is not Ding Xiaozheng’s only company."

"BIS’s vote recommendation would be a real test of credibility and integrity"

"No, quite the opposite. We believe a more likely scenario is the following:"

"Twist isn’t taking market share from their key, low-priced Asian competitor"

"BNY Mellon is about to be surpassed as the world's largest global custodian"

"BNY Mellon is about to be surpassed as the world's largest global custodian"

"BNY Mellon is about to be surpassed as the world’s largest global custodian"

"Management has re-defined “operating leverage” three times in the past year"

"$2.6bn – more $ headwind (controls, legal, regulatory, etc.) than JPM CIB??"

"The DLC Has Destroyed US$50 Billion of Shareholder Value since Inception..."

"NOMD share price has declined 2% from our average cost to January 20, 2017*"

"Install marketing leadership to reform Kao’s approach to consumer marketing"

"Set forth herein are the assumptions for the Pro Forma McDonald's business."

"We believe the signs of strained growth are beginning to appear at Samsara."

"Any asset sales conducted by Amdocs are hidden within its net capex figure."

"HHC owns and controls irreplaceable real estate in some of the best markets"

"GGP viewed its MPCs as a cash cow to be liquidated to help pay debt service"

"The Company has primarily focused on SCC despite strong positioning in SBM."

"Starboard entirely reconstituted Darden’s Board with experienced directors."

"Poor shareholder returns, persistent undervaluation and governance concerns"

"Remaking Marathon unlocks value and improves sustainability of each company"

"Management admits discount but offers no real reasons to keep value trapped"

"Disney’s DTC EBIT margins are 2,200bps lower than Netflix at the same scale"

"XL'S PLUG-IN HYBRID ALSO SIGNIFICANTLY UNDERPERFORMS XL'S EFFICIENCY CLAIMS"

"Former XL employees literally laughed out loud at XL's revenue projections."

"FORD, GM, AND RIVIAN ARE ENTERING THE EV MARKET AND STAND TO EAT XL'S LUNCH"

"PepsiCo EBIT margin before advertising expense is well below the peer group"

"So in my view, the only stakeholders that they care about is the investors."

"Public independent advisory firms target compensation ratios of 55% or less"

"This is meaningless since Perion never disclosed the base result a year ago"

"Consensus estimates imply extremely unlikely Q4 core growth ex-new products"

"Consensus estimates imply extremely unlikely Q4 core growth ex-new products"

"TSMCへのレーザーテック製装置の導入は順調ではない。「あまりうまくいっていない」。重要な顧客は旧来の深紫外線と走査電子顕微鏡の装置を頼りにしている。"

"レーザーテックはこの中に研究開発・生産用のクリーンルームを建設したというが、最先端の半導体製造装置を開発・生産する場としては無理があるように思われる。"

"Did that difference go to OMERS, which was the 40% shareholder? If so, why?"