Callouts & quotes from 26,677+ activist slides

"High turnover of participants is another characteristic of a pyramid scheme."

"2. Tahitian Noni Beverage (China) Co., Ltd Shanghai Branch (void of license)"

"Here are some fake reviews that the providers presented to us as their work:"

"THE EV STAR IS THE ONLY CLASS 4 ELECTRIC VEHICLE THAT MEETS THESE STANDARDS!"

"We conclude that there is no active involvement of Calidus in this contract."

"I think that trying to make safer CDS is like trying to make safer asbestos."

"Buyside analysts will develop into credible alternatives and even new NRSROs"

"We believe having partners push stablecoin could be disruptive for Remitly."

"Remitly Claims No Pricing Pressures, But Industry Prices Are Under Pressure"

"Nuvei seems content to continue following the same, old shady practices...."

"Pfizer had already made significant approval progress on three of 15 drugs."

"We believe the Company likely lost more than $20 billion in value from M&A."

"NOMD share price has declined 2% from our average cost to January 20, 2017*"

"When Genius' lock up expires in August 2021, what will its SPAC sponsor do?"

"As a result, we estimate Avery has experienced underlying EBIT contraction."

"As a result, we estimate Avery has experienced underlying EBIT contraction."

"This implies that Q4 acquisition sales were $4.1 million, not $9.1 million."

"Since 2017, its sales have increased 94% with accounts receivables up 444%."

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

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

"We are fully and directly aligned with you, our fellow common stockholders."

"Without new investors, it cannot repay old investors, and would fall apart."

"I can't even begin to work out until I find the right news to infuriate me."

"Phillips 66 has been unable to deploy organic growth capital within budget."

"OUR NOMINEES WILL WORK TIRELESSLY TO HELP ENSURE A BRIGHT FUTURE FOR NEWELL"

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

"Olive Garden, like Brinker, can use technology to connect with the customer"

"Lower than company average (35.7%) to account for increased consumables mix"

"Salesforce and Splunk have outperformed the market over the past 12 months."

"The Purported Borrowers CIFS Discloses All Appear to be Sham Counterparties"

"so much cheaper to make huge volumes of liquid-filled lithium-ion batteries"

"When plumbed with a dip stick, the tanks appeared to be full of soybean oil"

"Reality: unable to stay within "focus area" nor avoid high working interest"

"Hess well costs 39% above Continental 1H'12 drilling the same type of well."

"Valeant has achieved announced cost synergies in all announced transactions"

"Today, Elliott proposes to acquire athenahealth for $160 per share in cash."

"We think this may be a convenient narrative to deflect underlying problems."

"For context, PowerSchool is a software provider focused on the K-12 sector."

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

"Value means more than just price, but overpricing the menu must be avoided."

"In May we showed that Pioneer did not have a positive value on a DCF basis."

"Management’s best investments = 4.3% return on incremental invested capital"

"But the one that's really become very important to us is asset utilization."

"Improving operating performance sounds good, but how do you actually do it?"

"We estimate Phillips could retire ~60% to ~90% of its shares outstanding(4)"

"We conservatively value Valeant’s durable portfolio at 20x forward earnings"

"S&P must strongly advocate for mandatory public disclosure of GHG emissions"

"Like many other ANTA associates, this is not Ding Xiaozheng’s only company."

"BIS’s vote recommendation would be a real test of credibility and integrity"

"No, quite the opposite. We believe a more likely scenario is the following:"

"Twist isn’t taking market share from their key, low-priced Asian competitor"

"BNY Mellon is about to be surpassed as the world's largest global custodian"

"BNY Mellon is about to be surpassed as the world's largest global custodian"

"BNY Mellon is about to be surpassed as the world’s largest global custodian"

"Management has re-defined “operating leverage” three times in the past year"

"$2.6bn – more $ headwind (controls, legal, regulatory, etc.) than JPM CIB??"

"The DLC Has Destroyed US$50 Billion of Shareholder Value since Inception..."

"NOMD share price has declined 2% from our average cost to January 20, 2017*"

"Install marketing leadership to reform Kao’s approach to consumer marketing"

"Set forth herein are the assumptions for the Pro Forma McDonald's business."