Callouts & quotes from 1,420+ activist slides

"Half of P&G’s existing Directors were on the Board for all 3 CEO transitions"

"Sitting Board is insular and lacks a credible path to continuous improvement"

"The "Rights Plan": Giving the Board All of the Power & None of the Liability"

"Starboard believed the Preferred Financing was a mistake from the beginning"

"Glass Lewis consistently highlighted issues related to the CFO's Board role"

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

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

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

"The management team and Board of Yahoo have repeatedly failed shareholders."

"The Board and CEO Matt Proud Have Failed in Their Primary Responsibilities"

"BlackRock Board suffers from at least three different kind of shortcomings"

"Agrium's poorly executed buyback illustrates key deficiencies on its board"

"BlackRock Board suffers from at least three different kind of shortcomings"

"How independent and objective can Dan Quayle really be as a Board member?"

"We believe the Arconic Board size of 13 should be reduced to 11 directors"

"Elliott sees a clear need for change, while Phillips 66's Board does not."

"Trian's Nominees Will Bring Fresh Perspectives and Alignment to the Board"

"Elliott sees a clear need for change, while Phillips 66's Board does not."

"Elliott sees a clear need for change, while Phillips 66's Board does not."

"Trian's Nominees Will Bring Fresh Perspectives and Alignment to the Board"

"Note that Arconic purchased every single billboard in the above rail car"

"Prior to Starboard’s involvement in Darden, Bloomin’ traded above Darden"

"The Board Is Going Through The Motions Vs Holding Management Accountable"

"The Board Is Going Through The Motions Vs Holding Management Accountable"

"Hess has never refreshed its Board despite desperate need for new ideas"

"Management and the Board destroyed ~$0.23 / share of shareholder value"

"The reconstituted Board helped NortonLifeLock reach its full potential"

"Has the Board ensured that the fiber business has the right skillsets?"

"THIS IS A CRITICAL TIME FOR NEWELL AND WE NEED THE BEST BOARD POSSIBLE"

"Noticeable lack of core competency and skills as reviewed by the Board"

"PSX's entrenched Board attacks Goff before even considering his ideas."

"Dec 2016: Board Chair and largest owner enters into 10b5-1 Stock Sale"

"Current Board and Management Team’s Track Record of Value Destruction"

"The Board needs to replace Lance Fritz with best-in-class leadership"

"Why did the Board allow management to lower the bar so dramatically?"

"78% of all S&P 500 boards have an average tenure of 10 years or less"

"Why did the Board allow management to lower the bar so dramatically?"

"Our board would run a process to maximize value for ALL SHAREHOLDERS"

"Given Company performance, the Board must review senior management."

"Shareholders deserve a Board that demonstrates proactive leadership"

"The Board continues to act only as a result of shareholder pressure"

"Elliott urges you to vote for our highly qualified board nominees."

"BlackRock Board of Directors' misconstrued statement in opposition"

"We believe P&G’s current Board has not delivered for shareholders."

"BlackRock Board of Directors' misconstrued statement in opposition"

"Result: Placed Approximately 142 Corporate Directors on 45 Boards"

"Starboard believes AAP could be worth in excess of $350 per share"

"TIM lost more than 50% of its value under Vivendi's Board and CEO"

"We see enormous trapped value at Phillips 66. The Board does not."

"We see enormous trapped value at Phillips 66. The Board does not."

"All Aboard... the Path to ~$18 EPS and ~$400 stock price by 2025"

"Time for Urgent Action: Keisei's D2 Plan and Board Configuration"

"The reconstituted Board helped Marvell reach its full potential."

"The reconstituted Board helped Marvell reach its full potential"

"The Yahoo Board has failed in its duties and must be overhauled"

"The reconstituted Board helped Darden reach its full potential."

"CFO contradicts Board's commitments on the same day of earnings"

"Vote AGAINST Proposal No. 2 and tell the Board you want iPrefs!"

"ISS states Office Depot's Board structure is of "HIGH CONCERN""

"Marathon’s Board can and should do much more for shareholders."