Contrarian Corpus
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Callouts & quotes from 237+ activist slides

Every emphasised callout and every pulled quote, extracted slide-by-slide. Search by keyword, filter by slide type or by source.

Showing 121–180 of 237 matching "review"
callout valuation reveal

"Shareholders should vote “AGAINST” to stop Management from continuing the value destruction and to set a path to unlock value by engaging in a full diagnostic and review of ACAS' assets"

American Capital, Ltd. · ACAS Elliott Management · p. 31
callout villain critique

"Based on our wide-ranging conversations with transplant physicians, as well as an exhaustive review of the clinical literature, the answer to both of the above questions is clearly, No."

CareDx, Inc. · CDNA Kerrisdale Capital · p. 12
callout villain critique

"Given Verint's prioritization of management and sales over internal investment in R&D, employee reviews which suggest internal conflict and declining workplace morale do not surprise us"

Verint Systems, Inc. · VRNT Spruce Point Capital · p. 35
callout villain critique

"Beyond these survey results, we believe a sampling of the Glassdoor reviews from anonymous employees of LivePerson provides ample evidence of the severe issues with corporate culture."

LivePerson, Inc. · LPSN Starboard Value · p. 2
callout villain critique

"Beyond these survey results, we believe a sampling of the Glassdoor reviews from anonymous employees of LivePerson provides ample evidence of the severe issues with corporate culture:"

LivePerson, Inc. · LPSN Starboard Value · p. 2
callout process diagram

"Elliott retained a “Big Four” accounting firm to review the implications of a Marathon separation and concluded that there is a path to minimal tax leakage and durable value creation"

Marathon Petroleum Corporation · MPC Elliott Management · p. 25
callout section divider

"Phillips 66's Board needs to execute a formal operational review of its refining business in order to understand the reasons behind lagging profitability – and how to reverse course."

Phillips 66 · PSX Elliott Management · p. 80
callout appendix data

"TWC compares favorably to its industry peers across most of the ratings criteria discussed by Moody’s and S&P and in the benchmarking analysis that was reviewed in this presentation."

Time Warner Inc. · TWX Carl Icahn · p. 252
callout section divider

"Phillips 66’s Board needs to execute a formal operational review of its refining business in order to understand the reasons behind lagging profitability – and how to reverse course."

Phillips 66 · PSX Elliott Management · p. 81
callout villain critique

"Reviews for Swift-Finance Ltd on Trustpilot show the typical markers of a financial scam, by users giving it 5 stars with unprecise everything-is-always-perfect-with-them rhetoric."

Trustpilot Group PLC · TRST Grizzly Research · p. 36
callout appendix data

"The claim for judicial review is allowed. (2) The planning permission (reference DM/22/01769/FPA) granted by the Council on 13th July 2023 for a solar farm at Burnhope is quashed."

BP plc · BP Bluebell Capital · p. 42
callout appendix disclosure

"The claim for judicial review is allowed. (2) The planning permission (reference DM/22/01769/FPA) granted by the Council on 13th July 2023 for a solar farm at Burnhope is quashed."

BP plc · BP Bluebell Capital · p. 47
callout ceo quote

"The very fact that the Board, in reviewing the leadership structure, does not detect any anomaly is the best demonstration of the lack of independent oversight within the Board."

BlackRock · BLK Bluebell Capital · p. 82
callout sop buildup

"After more than eleven months of a Strategic Review process, we believe management and the Board must drive the process to conclusion and commit to a separation of Classifieds."

eBay Inc. · EBAY Starboard Value · p. 3
callout villain critique

"Cintas needs to conduct a fully independent, and audited review of its Fire Protection Services workforce to make sure it is conducting its business in compliance with the law."

Cintas Corp. · CTAS Spruce Point Capital · p. 10
callout ceo quote

"The very fact that the Board in reviewing the leadership structure does not detect any anomaly is the best demonstration of the lack of independent oversight within the board."

BlackRock · BLK Bluebell Capital · p. 2
callout appendix data

"In the papers and textbooks we reviewed, nephrologists appear to agree that serum-creatinine-based measurements of GFR become less accurate as chronic kidney disease advances."

callout villain critique

"A review of Bolloré's corporate governance practices demonstrates that unaffiliated shareholders must not support any slate put forward by Bolloré and his related companies"

Telecom Italia · TIT.MI Elliott Management · p. 26
callout before after

"BOOT was not featured as a sponsor in Google’s shopping tab search for “western boots” that we conducted and did not even appear as a top feature based on consumer reviews."

Boot Barn Holdings, Inc. · BOOT Spruce Point Capital · p. 49
callout appendix disclosure

"We have the ability to consummate the transaction on an accelerated basis and are prepared to enter into a confidentiality agreement and commence our due diligence review."

QEP Resources, Inc. · QEP Elliott Management · p. 3
callout villain critique

"PricewaterhouseCoopers LLP has not audited, reviewed, examined, compiled nor applied agreed-upon procedures with respect to these operational metrics or their components."

Sunnova Energy International Inc. · NOVA Spruce Point Capital · p. 60
callout valuation reveal

"Elliott believes that there are clearly identifiable steps to realize value at ACAS and that a capable Board actively overseeing a strategic review can unlock this value"

American Capital, Ltd. · ACAS Elliott Management · p. 32
callout villain critique

"While backlog does not have a standardized definition, based on our review, we believe that ROAD incorporates extremely liberal and aggressive interpretation of backlog."

Construction Partners, Inc. · ROAD Spruce Point Capital · p. 25
callout villain critique

"We can locate no peer-reviewed publication for the withdrawal study – a troubling and unusual fact – but Miller’s name is once again on the title page of its slide deck."

Soleno Therapeutics · SLNO Scorpion Capital · p. 260
callout demand list

"A new board-level committee, assisted by independent advisors, will lead a comprehensive business review to modernize Southwest and restore best-in-class profitability"

Southwest Airlines · LUV Elliott Management · p. 46
callout demand list

"A new board-level committee, assisted by independent advisors, will lead a comprehensive business review to modernize Southwest and restore best-in-class profitability"

Unknown · p. 57
callout demand list

"A new board-level committee, assisted by independent advisors, will lead a comprehensive business review to modernize Southwest and restore best-in-class profitability"

Southwest Airlines · LUV Elliott Management · p. 46
callout demand list

"A new board-level committee, assisted by independent advisors, will lead a comprehensive business review to modernize Southwest and restore best-in-class profitability"

Southwest Airlines · LUV Elliott Management · p. 57
callout villain critique

"We reached out to the review sellers, masquerading us as interested customers and asked for their service to buy “about 100 5-star reviews per month” for our business."

Trustpilot Group PLC · TRST Grizzly Research · p. 16
callout villain critique

"From reviewing TRE and the “Agent’s” annual inspection and audit reports from the SAIC files, it seems that the agents mainly serve as a tunnel to move money for TRE."

Sino-Forest Corporation · TRE Muddy Waters · p. 37
callout precedent table

"Based on the multiples implied by the precedent transactions reviewed, a range of 10.0x - 11.5x 2006PF OIBDA was estimated for the wholly-owned cable systems of TWC."

Time Warner Inc. · TWX Carl Icahn · p. 338
callout villain critique

"Despite it being incontrovertible that Mr. Sator and S30 were misrepresenting the nature of the reviews, S30 continued to publicly mischaracterize them as “audits.”"

Solutions 30 · S30 Muddy Waters · p. 3
callout villain critique

"Based on our review of management's discussions of organic growth and volume, it is our opinion that it only selectively discloses periods when growth is favorable"

U.S. Concrete Inc · USCR Spruce Point Capital · p. 20
callout villain critique

"Other examples of obvious fake reviews are from accounts with seemingly natural sounding names, sometimes with generic AI-looking headshot photos as avatar images."

Trustpilot Group PLC · TRST Grizzly Research · p. 10
callout nominee bio

"We would also strongly recommend the formation of an Operating Committee of the Board tasked with overseeing the completion and execution of the Operating Review."

callout demand list

"Given the breadth of our financial reporting and accounting concerns, we believe it is time for Stryker to seek a new auditor with fresh eyes to review its books."

Stryker Corp. · SYK Spruce Point Capital · p. 173
callout villain critique

"FDA review incorrectly infers QT safety margins, stating they are based upon "steady state Cmax" when they are actually based on plasma levels after a single dose"

Harmony Biosciences Holdings · HRMY Scorpion Capital · p. 132
callout demand list

"The only brief Bluebell provided to its Board candidates is to review the status of the transaction, and act in the best interest of TIM and all its shareholders"

TIM S.p.A. (Telecom Italia) · TIT Bluebell Capital · p. 3
callout other

"Based on our review of FIGS stated competitive and product advantages, we believe that practically none of them are sustainable and most are easily replicated."

FIGS, Inc. · FIGS Spruce Point Capital · p. 59
callout nominee bio

"The status quo is no longer acceptable! The Board must steer and oversee a review of the operating performance and hold management accountable for improvement."

Phillips 66 · PSX Elliott Management · p. 79
callout nominee bio

"The status quo is no longer acceptable! The Board must steer and oversee a review of the operating performance and hold management accountable for improvement."

Phillips 66 · PSX Elliott Management · p. 80
callout demand list

"Board-led Review of Creative Processes & Structure with the Goal to Restore Leadership Accountability and Reclaim #1 Box Office Position with Leading Economics"

The Walt Disney Company · DIS Trian Partners · p. 110
callout villain critique

"This should be a concern for Danimer investors as new management could change direction from prior management, including a review of all existing partnerships."

Danimer Scientific, Inc. · DNMR Spruce Point Capital · p. 63
callout demand list

"We are asking Goodyear’s Board to: Engage with Elliott on Board enhancement; Begin process of monetizing retail platform; Form an Operational Review Committee"

The Goodyear Tire & Rubber Company · GT Elliott Management · p. 39
callout villain critique

"Mr. Martinez announced his mayoral candidacy just two weeks after company began its strategic review, the same month that his $500k consulting contract ended."

callout villain critique

"Even if some of these reviewers were genuine reviews, Trustpilot clearly allows a distortion of its scores from review spam that can very easily be prevented."

Trustpilot Group PLC · TRST Grizzly Research · p. 8
callout villain critique

"This data is well-explained by something we found in dark net forums: an anonymous, illegal fake review provider openly advertises with reviews for BankFive."

Trustpilot Group PLC · TRST Grizzly Research · p. 32
callout villain critique

"Order brushing firms give 5-star reviews and create fake student profiles. The ratio of students that are actually online during classes is terrifyingly low."

GSX Techedu Inc. · GSX Grizzly Research · p. 42
callout villain critique

"Third Point had limited confidence that Campbell’s incumbent Board (after years of abysmal oversight) would conduct a proper and thoughtful strategic review"

Campbell Soup Company · CPB Third Point · p. 28
callout ceo quote

"To the contrary, we believe this analysis is critical for shareholders to fully review as part of any constructive discussion about the proposed separation."

Darden Restaurants, Inc. · DRI Starboard Value · p. 62
callout transition

"In conducting the portfolio review, a key question should be: if you were to start from scratch today, would you construct McGraw-Hill in its current form?"

The McGraw-Hill Companies · MHP JANA Partners · p. 21
callout villain critique

"We find it notable that reviews by women specific to Hers on Trustpilot and the Google Play Store are materially more negative than those by men for Hims."

Hims & Hers Health, Inc. · HIMS Spruce Point Capital · p. 47
callout peer gap

"A review of recent project tenders at the Oklahoma DOT reveals that Overland Corp. appears to consistently be underbid by the Cummins Construction Co."

Construction Partners, Inc. · ROAD Spruce Point Capital · p. 56
callout ceo quote

"While Saputo was claiming few players in the space in early 2021, a recent product review of Vegan Cheeses included eighty (80) different varieties."

Saputo Inc. · TSX:SAP Spruce Point Capital · p. 125
callout demand list

"We respectfully ask BP's Board of Director to urgently review and revise the 2023-2030 plan, by implementing the following six corrective actions"

BP plc · BP Bluebell Capital · p. 3
callout executive summary

"SAMC proposes to the Board of Directors that they review, as a matter of urgency, value creation alternatives to highlight RBC's full valuation."

Rubicon Limited · RBC Sandell · p. 3
callout villain critique

"Some may discount employee review websites such as Glassdoor. However, some of our former employee interviews echo comments made on the website."

C3.ai, Inc. · AI Spruce Point Capital · p. 71
callout executive summary

"The vast majority of WFG's recruits ultimately drop out; WFG documents we've reviewed suggests that churn in many WFG organizations is 96%-99%."

Aegon Ltd. · AEG Spruce Point Capital · p. 8
callout villain critique

"The EMA review makes no mention of this purported pre-specified Statistical Analysis Plan and bluntly states it was “not pre-planned analysis.”"

Harmony Biosciences Holdings · HRMY Scorpion Capital · p. 230
callout villain critique

"A review of Vidazoo's social presence indicates limited breadth, especially at YouTube, a video platform where it had just three subscribers."

Perion Network Ltd. · PERI Spruce Point Capital · p. 112