Callouts & quotes from 71+ activist slides

"MSCI already fails to disclose that Nasdaq is a competitor within its Index segment while also growing its ESG solutions business."

"The valuation ascribed to this 36% of shares fails the laugh test, and the transaction structure fails the smell test."

"While tasked with overseeing risk, we find it ironic that he himself has nothing at risk if Nova succeeds or fails."

"We noted the QS data fails to meet almost every criteria, which even warns against the Y-axis trick QS uses here."

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

"This check can easily be automated for all review profiles but apparently Trustpilot fails to do that."

"What is obvious is that John Hess's perennial claims, year after year stock performance fails"

"Management fails to grasp the cost focus necessary to maximize value in resource plays"

"PBH has poor revenue disclosure practices and fails to disclose pricing or volume"

"Taubman's presentation fails to answer a number of important questions:"

"The $90.8 million valuation fails our laugh test...with flying colors."