Callouts & quotes from 26,677+ activist slides

"Shareholders frustrated by the excessive compensation and poor performance can VOTE AGAINST the compensation committee"

"Shareholders frustrated by the excessive compensation and poor performance can VOTE AGAINST the compensation committee"

"Shareholders frustrated by the excessive compensation and poor performance can VOTE AGAINST the compensation committee"

"Shareholders frustrated by the excessive compensation and poor performance can VOTE AGAINST the compensation committee"

"On gross profit, a key measure of supermarket performance, Weis consistently ranks poorly among regional supermarkets."

"Since inception of the position, GOOG’s share price increased 56% in 2023 and has increased 3% year-to-date in 2024(1)"

"Autodesk is asking shareholders to accept a complete lack of consequences and accountability for these serious issues."

"Since the $750 million acquisition of Insight Pharma in September 2014, we estimate organic EBITDA has been declining."

"However, as a whole, both long and short-term accrued liability accounts have grown from $600m to $764m since FY 2017."

"Analyzing recent commercial protection and safety deals, we find that revenue deal multiples are in the 1x – 2x range."

"As for Epic, Jonathan Bush dedicated a whole chapter in his book to criticizing the company for being a closed system."

"UMG’s share price including dividend reinvestment declined (8)% in 2025 and has declined (11)% year-to-date in 2026(1)"

"NKE’s share price including dividend reinvestment declined (30)% from the inception of our investment to November 2025"

"In fact, the two organizations even share an address. Yet, it is listed on the form as “independent” – how is this so?"

"A number of AJRD's rockets could soon be completely orphaned after missing out on contracts for major launch vehicles."

"The only reason why Grossman stabilized the salesforce was because the stock price went up and those reps had options."

"Why did Ströer sell back such a large stake of ECE flatmedia back to the original seller so soon after acquiring them?"

"Capricorn appears to be a company run for the benefit of its executives and staff and to the detriment of shareholders"

"The standards have been decided in the last five years, and the winners aren't the single-digit-share cloud companies."

"We estimate that FBHS can generate at least $400MM in EBITDA on today’s sales base by cutting capacity and excess cost"

"Management fees paid by PSH to PSCM associated with PSH's current stake of 16.5 million HHH shares would be eliminated"

"a lot of people in different transplant centers are very pissed off with the company...I can tell you, I hate the CEO."

"A surgeon who directs the program expects to terminate their usage in the next 6-12 months: "Yes, it will go to zero.""

"Display revenue has declined despite approximately $900 million of acquisitions and investments to grow this business."

"U.S. Dollar Store peers historically close 0.8% of stores annually, yet Dollarama has not reported any recent closures"

"We believe that separating News Corp’s Digital Real Estate businesses would help unlock significant shareholder value."

"We believe Leido's current Chief Accounting Officer has a pattern of risky behavior that investors should be aware of."

"These posters and presentations convey to us the impression of a concerted effort to bury the drug's diabetes problem."

"Clinical manifestations of diazoxide-induced edema (volume overload) reported in Phase 3 trial include pulmonary edema"

"Pay down ~$9bn of Target debt using all of the credit card proceeds, a portion of the IPO proceeds, and free cash flow"

"Compensation may NOT be based – directly or indirectly – upon sales performance of those participants whom you recruit"

"Of the 13 deaths among patients on pitolisant, a large percentage appear remarkably consistent with hypereosinophilia."

"ADP's share price including dividends has increased 18% from our average cost at announcement date to January 19, 2018"

"There is ample evidence that WTRG’s financial policies are aggressive. Look no further than its income tax accounting."

"What's left, we believe, is nothing more than a blue and white can which can be easily replicated as we’ll show later."

"HLF’s share price has increased 60% including dividends from our average cost at announcement date to January 19, 2018"

"We believe this was the transformative acquisition that helped boost Sinch's financial results in the following years."

"Pictometry data from 2016 and 2017 also shows that very minimal alterations to the exterior of the building were made."

"Deed records confirmed that IIPR purchased the property from Green Leaf Medical of Virginia for $11.74M on 01/16/2020."

"HLF’s share price has increased 18% including dividends from our average cost at announcement date to January 20, 2017"

"In effect, Valeant is three diverse businesses, with unique opportunities and challenges and divergent growth profiles"

"MDLZ’s share price including dividends has increased 17% from our average cost at announcement date to April 18, 2017*"

"So, if the grade of your 'deposit' is about average crustal abundance, what does that tell you? Strike 3? Deep enough?"

"YT Has “Stepped Aside” Twice in Response to Troubling Revelations but Both Times Has Secretly Retained Control of FFAI"

"As seen below, CAIC appears to have had 385 HO-3 policies in force (PIF) in Pacific Palisades (90272) as of June 2024."

"Yet the announcements of Alexion's acquisitions of Achillion and Portola both destroyed significant shareholder value."

"In order to provide sufficient capacity, customers need to purchase more than one tool where they only would need one."

"TSMC struggling to phase in Lasertec; "hasn't been very successful"; key customers relying on legacy DUV and SEM tools"

"“Pretty much all customers are struggling in phasing in the Lasertec tool”; current revenue likely previous pre-orders"

"We believe that valuing the tax credit is an absurd interpretation of the statute, and is not what Congress intended."

"ADP's share price including dividends increased 28% year-to-date in 2019 through our last share sale on July 31, 2019"

"UTX’s share price including dividends increased 22% year-to-date in 2019 through our last share sale on June 10, 2019"

"Restaurant Brands International stock has increased 165% from our average cost since it merged with Justice Holdings*"

"HSIC's top 25 holders representing $10B of HSIC ownership also represent $11.7B of combined ownership in IDXX and ZTS"

"Nuvei just removed China as a key location despite boasting of the importance in growing globally with its customers."

"Management has historically been compensated on the basis of overall growth, irrespective of returns or profitability"

"A Slight but Telling Internal Inconsistency Supports the Conclusion that the BJ Operation's Financials are Fraudulent"

"Spruce Point does not believe investors should accept its CEO being distracted with real estate ventures on the side."

"Spruce Point will reveal major issues with some of Generac's top partnerships: Sunnova, Momentum Solar and Powerhome."

"We very much appreciate the time and effort Alphabet has made and the positive example this sets for other companies."