Callouts & quotes from 1,420+ activist slides

"it is difficult to believe that Telia’s current board is so equivocal about whether Telia engaged in large scale corruption in Azerbaijan."

"If elected, Nelson’s first action as a P&G Director would be to recommend that the Board reappoint the P&G nominee who was not re-elected"

"Why were these sales not reported in Form 4's? Baker Hughes still had Board representation during these sales and no Form 4's were filed."

"It is not surprising that a management team and Board that don't understand basic refining accounting are overseeing lagging performance."

"David Cush is part of Elliott's slate of eight independent, highly qualified director nominees to Southwest Airlines' Board of Directors."

"David Cush is part of Elliott's slate of eight independent, highly qualified director nominees to Southwest Airlines' Board of Directors."

"David Cush is part of Elliott's slate of eight independent, highly qualified director nominees to Southwest Airlines' Board of Directors."

"David Cush is part of Elliott's slate of eight independent, highly qualified director nominees to Southwest Airlines' Board of Directors."

"Twist’s CEO allegedly instructed senior staff to not discuss operational details with a board member representing a key Chinese investor"

"I think that what Nelson is doing is trying to get things to be as good as possible at DuPont. I think they should put him on the board."

"I think that what Nelson is doing is trying to get things to be as good as possible at DuPont. I think they should put him on the board."

"Ms. Landry will be an invaluable addition to Norfolk Southern’s Board, given her differentiated skillset and highly relevant experience."

"There is already an independent Board in place. Vivendi’s campaign and nominees proves that Vivendi simply wants a Board it can control"

"We anticipate that the Board and Mr. Simmons will try to avoid accountability by suggesting change will disrupt the Company’s pipeline."

"MANAGEMENT AND THE BOARD’S FAILURE TO CALL THE SPECIAL MEETING IN A TIMELY MANNER IS AN EGREGIOUS ACT OF SHAREHOLDER DISENFRANCHISEMENT"

"Either the board supports these actions or has lost control of the management team. Under either scenario, significant change in needed"

"Either the board supports these actions or has lost control of the management team. Under either scenario, significant change in needed"

"The actions of Southwest’s Board and management team since we published our views have only solidified the case for leadership change."

"Engine's highly qualified nominees will inject fresh ideas, a shareholder perspective and deeply relevant expertise into the boardroom"

"Engine's highly qualified nominees will inject fresh ideas, a shareholder perspective and deeply relevant expertise into the boardroom"

"The actions of Southwest’s Board and management team since we published our views have only solidified the case for leadership change."

"Rupert Morley, upon his re-election, will replace Anne Farlow as Chairman of the Board as of the Annual General Meeting on May 8, 2024"

"The actions of Southwest’s Board and management team since we published our views have only solidified the case for leadership change."

"For the five years prior to Starboard’s 13D, Office Depot’s stock declined by 87%, compared to the 75% increase since our 13D filing."

"We believe it is clear that the Board approved the $500 million Preferred Financing to “buy the vote” and dilute common stockholders."

"Shareholders should not allow Tessera to once again be run by a controlling Chairman. Shareholders need to have an independent Board."

"It is imperative for the Board to act now to change UNP's leadership in order to capitalize on the "golden age of railroading growth""

"Oatly investors should be concerned that founder Oste, who is also on the Board, is working to develop competitive products to Oatly."

"To rebuild confidence and ensure effective leadership, Kao must take decisive steps to strengthen its Board and governance practices."

"The Board & Management’s myopic focus on EBITDA growth has failed: over the last 10 years, total shareholder return has increased <1%"

"The Proxy states that as long as Apollo meets certain ownership thresholds Apollo has the right to designate members to the HGV Board"

"Spruce Point is calling for an immediate Board investigation into the SD&A transaction and the dismissal of CEO Krone and CFO Reagan."

"We are here today because we believe Arconic’s management isn’t succeeding at any of these tasks and yet the Board has failed to act"

"a vote for Trian’s nominees is a vote for four highly qualified individuals who will seek to work collaboratively with the Board to:"

"Agrium for years ignored basic, shareholder-friendly changes until pressured to do so. An enhanced board can unlock even more value."

"We believe the root cause of Disney’s underperformance is poor oversight from a Board that lacks focus, alignment and accountability"

"a vote for Trian’s nominees is a vote for four highly qualified individuals who will seek to work collaboratively with the Board to:"

"a vote for Trian’s nominees is a vote for four highly qualified individuals who will seek to work collaboratively with the Board to:"

"We believe the root cause of Disney’s underperformance is poor oversight from a Board that lacks focus, alignment and accountability"

"To ensure equitable and effective executive compensation, we believe a board's Compensation Committee must prioritize the following:"

"a vote for Trian’s nominees is a vote for four highly qualified individuals who will seek to work collaboratively with the Board to:"

"a vote for Trian’s nominees is a vote for four highly qualified individuals who will seek to work collaboratively with the Board to:"

"Given AOL's prior statements, we question whether the Company would have taken any of these actions without Starboard's involvement."

"Incumbent Board has lost all credibility and it would be reckless to leave those that created this situation in charge of fixing it"

"If elected to the Board, Trian’s nominees will ensure that Disney articulates a DTC strategy that provides clarity on these topics:"

"If elected to the Board, Trian’s nominees will ensure that Disney articulates a DTC strategy that provides clarity on these topics:"

"At Phillips 66, the Board has consistently awarded above-target bonuses even when management failed their cost-control objectives."

"Target's incumbent board beneficially owns less than 0.3% of Target. By contrast, Pershing Square beneficially owns 7.8% of Target"

"Chairman Cole has since scrubbed his biography of this role at Redcentric while leaving other former Board roles on his biography."

"We look forward to discussing our proposed approach with the Board and management team and hope to meet in the next several weeks."

"The inconsistency between these two peer sets raises questions as to how the Board selects peers and whether they are appropriate."

"The appointment of the CEO of the world’s largest oil producer to BlackRock’s board undermines its own stated climate commitments."

"Bilge Ogut and Jean-Baptiste Wautier joined the Board of Directors in 2025 while Bronwyn Curtis and Tope Lawani departed the Board"

"We believe the Board needs to actively hold management accountable for earning appropriate returns on R&D and M&A moving forward."

"Incumbent Board also failed to plan for succession, leaving Campbell without a permanent CEO at a crucial juncture in its history"

"FMCN attempted to pull a Jedi mind trick by referring to the roughly 30,500 cardboard posters as “LCD 1.0 picture frame devices.”"

"His CV states he is on 10 other boards, and his UMD site suggests that he oversees ~30 post-docs, grad students, and researchers."

"After years of receiving unrestricted stock, Hess's current Board members have similar upside to Shareholder Nominee compensation"

"The turnaround at P&G is a case study on how Trian's involvement at the board level can help a company unlock its full potential."

"Time is running out: vote the GOLD card FOR Elliott's four highly qualified board nominees and corporate governance enhancements."