Callouts & quotes from 26,677+ activist slides

"I'm not going to be sent here and there like a clown! I wanted to see the documents. This won't do!"

"How much did you receive in cash? - On the sales price - this our answer - silence has been agreed."

"Moreover, without wishing to scare you, let me tell you that this general meeting has a fatal flaw."

"Strong leadership aims to beat and raise expectations. Weak leadership works to lower expectations."

"Is management resorting to policing its doctors to protect its commodity products from competition?"

"We view the current and future level of retail competition as a major risk to CTC’s business model."

"We are skeptical of CTC's broad cost savings plan as management failed to articulate many specifics"

"VICI is well-positioned to buy all or part of SIX's real estate given an attractive cost of capital"

"Board size and inside vs. outside director balance consistent with peers and TPX companies' average"

"Presents a cheap diner image and signals to the customer that “we do everything, but nothing well.”"

"The precedent transactions valuation yields a total real estate value of approximately $2.7 billion"

"In FY2011, Family Dollar plans to invest $300-$350mm of capex and repurchase nearly $750mm of stock"

"As a result of a worsening growth + profitability profile, GoDaddy has underperformed peers by 37%."

"It appears to be a non-functioning business to which nobody would lend tens of millions of dollars."

"5 pts increase in pipeline utilization would drive an additional ~$15 – 25MM in incremental EBITDA."

"The mathematician Gil Kalai believes that quantum computers can't possibly work, even in principle."

"I guess he wasn't hype enough. And then this guy came in and just set up a SPAC, just to go public."

"there’s no evidence at all that IonQ could ever build an error-correcting, usable quantum computer."

"Future capital allocation decisions by the Board and CEO determine returns for current Shareholders"

"It costs more to turn raw land into a finished lot than the lot is worth... and it isn't even close"

"ACAS has dramatically underperformed the broader market from its pre-crisis peak to current levels."

"The fact that he did not receive a payment upon termination suggests that he was let go with cause."

"The Company made no progress towards its $2.0 billion Adjusted EBITDA target between 2014 and 2016."

"Starboard helped turnaround GCP after the prior board destroyed significant value for shareholders."

"The precedent transactions valuation yields a total real estate value of approximately $2.7 billion"

"Viator compares favorably to its closest peer, GetYourGuide, across a variety of operating metrics."

"We believe Tripadvisor’s data could also be monetized through more significant licensing agreements"

"Olam could scarcely have made a stronger case for its acquisition strategy being value destructive."

"Shareholders deserve a management team that can properly respond to these areas of underperformance"

"Shareholders deserve a management team that can properly respond to these areas of underperformance"

"Poor performance is even more remarkable given broader industry tailwinds that have benefited peers"

"Analysts and investors even pushed for a split throughout 2013 and 2012, yet Dr. Kleinfeld resisted"

"AtriCure is structurally unprofitable, even after having grown at a double digit rate for a decade."

"At GY Ankai, Mr. Peng Qingyun is the 99% shareholder, Executive Director, and Legal Representative."

"Out of the 18 indicated peers, BlackRock was in the bottom 50% group on a 1 year and 3 year horizon"

"本改定後 TOB およびトヨタグループの一連の取引には本質的な利益相反および内在的な圧力が存在することから、より一層の透明性の確保ならびに少数株主の保護および公正性確保の枠組みの遵守が求められます。"

"Adjusting NAV for construction in progress and inventory artificially boosts estimated share price."

"An Independent Board Could Deliver Actions Which May Double the Stock Price over the Next Two Years"

"State Street is the market leader and BNY Mellon remains a follower in the middle and front offices"

"In highly trafficked areas around the world, we're going to install freestanding 8 foot BNY ARROWS."

"This integrated marketing approach will propel BNY to become a household name of significant value."

"P&G’s 10 independent Directors, on the other hand, have had almost no CPG experience outside of P&G"

"Snapple shared many characteristics with "small" P&G competitors who are taking market share today!"

"After Vitek Couldn't Sell the Villa, He Stuffed CPI PG With It While Pocketing at Least €10 Million"

"Outback, Bloomin’s largest concept, is our top focus for operational improvement and value creation"

"QSR’s intrinsic value continued to meaningfully increase in 2016, with organic EBITDA growth of 16%"

"Though looking at the chart, creditors have known for years that Puerto Rico’s credit was troubled."

"Wall Street analysts’ current Bristol-Myers 12-Month Price Target is 26% below its peak in mid-2016"

"Since embarking on this plan, Amgen has significantly outperformed both Bristol-Myers and its peers"

"Peers have seen improvements of greater than 20% in cost of goods sold with minimal supplementation"

"It appears not just Broad Ocean, but also its Chairman might be experiencing cash flow difficulties"

"Some observers have suggested a revaluation would be inconsistent with the HKMA’s public statements"

"The net worth sweep was an illegal action that we believe will ultimately be reversed by the courts"

"Numerous small-scale start ups will be lower quality, riskier, and harder to regulate than the GSEs"

"and will take decisive steps to raise Sumitomo Realty’s corporate value and enhance its governance."

"Spruce Point estimates that revenue from recent acquisitions declined sharply by approximately 50%."

"We have nominated a slate of highly-qualified and experienced nominees to help create value at GCP."

"we believe Yahoo should hire a financial advisor to sell the Core Business as a taxable asset sale."

"TI's management team continued to emphasize that capacity investment was driven by customer demand."

"Therefore, on what basis are investors to believe anything the CEO claims about long-term revenues?"