Callouts & quotes from 26,677+ activist slides

"For years... BlackRock has misled consumers about the scope and effects of its widespread ESG activity."

"Elliott Calls for Special Meeting of Shareholders in Order to Bring Urgently Needed Change to Southwest"

"BHP's total shareholder return has consistently surpassed Rio's since completion of the BHP unification"

"We Believe GE Can Incur just over $20 billion in Leverage and Maintain an Upper Investment Grade Rating"

"It is not surprising that Celgene’s multiple looks attractive, given the massive impending patent cliff"

"Celgene has frequently raised the price of REVLIMID and increases have become more aggressive over time"

"Celgene set investor expectations that FOURTEEN significant products could launch between 2017 and 2022"

"We Believe the Celgene Deal Carries A Lot of Risk and Will Destroy Value for Bristol-Myers Shareholders"

"An Employee of Foshan Feichi claims that less than 50 fuel cell buses have likely been produced to date"

"The USD peg and the vastly divergent US and HK economies impact the HK economy through various channels"

"For ELF's Inventory Accounts to Reconcile, the Value per Kg of Imports Would Have Had to Increase ~150%"

"Hunter's experience gives him a unique and massive head start in the transformation of Canadian Pacific"

"The Board appears stacked with long-time business associates and allies of CEO & Founder Thomas Siebel."

"Microsoft is not contributing any cash, and providing approximately $2 million of “in-kind” technology."

"Fannie and Freddie’s current levels of profitability are likely to remain elevated over the medium term"

"We believe the entire HIMS model has been fine-tuned to issue prescriptions and drive rapid drug sales."

"Elliott is committed to unlocking the substantial upside at Phillips 66 for the benefit of shareholders"

"We believe Southwest represents the most compelling airline turnaround opportunity in the last 20 years"

"Spruce Point interviewed a former Monster employee to get insights across many import areas of concern."

"We observe that Monster is mostly losing distribution and Spruce Point believes the trend may continue."

"Monster may be more heavily dependent on convenience stores for distribution than is widely recognized."

"GCP is among the smallest of its peers based on revenue, number of employees, and market capitalization"

"Brands available in the U.S. but with low-to-moderate presence in many of the countries GCP operates in"

"In the last 4 years, GCP has spent over $75 million on R&D but has not launched a single new SBM brand."

"We believe DuPont's recent share price performance reflects the market's desire for Trian's involvement"

"We believe DuPont's recent share price performance reflects the market's desire for Trian's involvement"

"Spruce Point’s fair value price target for SMCI’s stock price is approximately $42.39– $50.86 per share"

"ELF’s marketing communications increased the messaging of “Joy” not long after engaging Movers+Shakers."

"Citron believes the whole thing is a fraud to create invoices to deceive the auditors and book revenue."

"We see several opportunities to improve engagement (better engagement = better monetization potential)."

"Elliott is committed to unlocking the substantial upside at Phillips 66 for the benefit of shareholders"

"Phillips' claim rests on an illogical peer group, an incorrect methodology, and a misleading start date"

"The definition of insanity is doing the same thing over and over again and expecting different results!"

"Huntsman should provide greater disclosure on human capital management, in-line with its Primary Peers."

"The definition of insanity is doing the same thing over and over again and expecting different results!"

"90% decrease between when Mr. Ferrari joined the Board until the sale of Huntsman's stake to SK Capital"

"Huntsman has received significantly less support for its executive compensation plan versus Proxy Peers"

"Huntsman should provide greater disclosure on human capital management, in line with its Primary Peers."

"The Company presented three financial targets to justify the Rockwood TiO2 transaction to shareholders."

"We believe the Board has structured management compensation in a manner that diminishes accountability."

"Turner's overall EBITDA margin of 36%, however, is estimated to be in the lower half of the peer group."

"TWX is a collection of autonomous divisions that have been unable to generate any meaningful synergies."

"There are at least four conflicting claims by CEO / Co-Founder Maddock about what he majored in at NYU."

"Herbalife has entered into a royalty-bearing, non-exclusive license under United Therapeutics' patents."

"Herbalife cherry-picks the highest earning “Active” Supervisors for its distributor earnings disclosure"

"P&G’s share price increased by 30% including dividends from inception of our initial investment to exit"

"We believe DuPont's recent share price performance reflects the market's desire for Trian's involvement"

"Even if the SSH keys have been changed, their unencrypted existence on older @home devices is shocking."

"Elliott is committed to unlocking the substantial upside at Phillips 66 for the benefit of shareholders"

"Management has continued to promise investors an EBITDA target that is unrealistic to cover its tracks."

"This entity has 20% of Mettler's China revenue, $243m, and has no operations at its registered address."

"Spruce Point has identified a broad range of troubling aspects related to Perion’s recent acquisitions."

"We believe DuPont's recent share price performance reflects the market's desire for Trian's involvement"

"周辺を観察しての第一印象は、活発な事業活動が行われている様子は皆無ということだ。施設はいかにも“古くさい”雰囲気で、「イノベーション・パーク」という名称と不釣り合い。ハイテクな研究開発拠点とは到底思えない。"

"Profitability will suffer if traffic continues to decline – raising prices will not offset weak traffic"

"Profitability will suffer if traffic continues to decline – raising prices will not offset weak traffic"

"If we're going to build it, then let's have a plan that can succeed and make us the 3rd largest player."

"For years... BlackRock has misled consumers about the scope and effects of its widespread ESG activity."

"If all this is true, why is their installed base still a pitiful 92 systems... FIVE YEARS after launch?"

"P&G’s share price increased by 30% including dividends from inception of our initial investment to exit"