Callouts & quotes from 287+ activist slides

"Welltower's 2026 proxy reveals a compensation peer group that appears designed to justify, rather than evaluate, executive pay."

"Dropbox's stock based compensation expense per employee is significantly higher than technology peers average and median SBC"

"Herbalife’s Statement of “Gross” Compensation refers to “Average Earnings,” but it is not adjusted for distributor expenses"

"Strategic objectives represent 40% of the short-term incentive compensation for our executive officers versus peers at 11%."

"With Little Equity At Risk, Management Appears To Have Turned To Gaming Compensation Targets For Self-Enrichment Purposes"

"For 2021, total Chief Executive Officer compensation was an astounding 2,251x the average employee's total compensation."

"Phillips 66 (NYSE: PSX) CEO Mark Lashier has been richly rewarded for failure, reaping $79M in compensation since 2022."

"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"

"21 REIT CEOs have consistently underperformed their proxy peers, yet their executive compensation was rarely adjusted."

"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"

"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"

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

"Oasis proposes giving external directors stock compensation (RSUs) to better align them with Kao’s long-term success."

"The Company does not utilize an objective, formula-based approach to setting long-term executive compensation levels."

"Zillow's utilization of stock-based compensation stands out against a broad universe of internet-adjacent companies."

"Shareholders can best express their frustration by voting against the compensation committee members and say on pay"

"So why does the Board believe AOL should be compared to the world's largest companies for purposes of compensation?"

"Maria Elena Lagomasino has a long track record of overseeing problematic compensation practices at other companies"

"Maria Elena Lagomasino has a long track record of overseeing problematic compensation practices at other companies"

"Non-compensation expenses have grown faster than revenue (+34% expense growth vs. +21% revenue growth) since 2006"

"The Pershing Square leadership team joining HHH will receive no cash or equity compensation as employees of HHH."

"Our belief is that Samsara insiders are working to maximize their compensation at the expense of shareholders."

"We believe the Board’s compensation practices must be significantly improved in order to drive accountability."

"Without the omitted material information, it is impossible to determine the value of the awarded compensation."

"Glass Lewis - "members of [the compensation] committee should be held accountable for this lack of oversight""

"ACAS' compensation expense ratio is one of the highest compared to publicly traded alternative asset managers"

"development cost, less $127.2mm stock based compensation, plus $93.6mm of amortized software development cost"

"Oasis recommends shareholders to support the elections of additive board profiles and compensation reforms."

"Box’s Board has overseen severe deficiencies in compensation, governance, and capital allocation practices"

"We question whether compensation decisions are motivating management to rush the separation of Red Lobster"

"The compensation plan’s structure directly enhances the metric that determines its own payout in our view."

"Now, the company cannot pay any compensation to distributors until they complete a company training course"

"Now, the company cannot pay any compensation to distributors until they complete a company training course"

"GCP’s current Board has failed across the spectrum – operations, governance, compensation, and strategy."

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

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

"In 2012, in our view, the Compensation Committee misapplied incentive compensation to Senior Management"

"Short-term cash bonuses are growing as a percent of total compensation for Procept senior executives."

"In this presentation, Starboard uses Proxy Peers to benchmark the Company's executive compensation."

"Valeant does not add back stock-based compensation, depreciation, or ordinary-course legal expense"

"Weis' Compensation Committee Must Live In The Twilight Zone Where Decade Low Performance = Success"

"Limiting compensation to verifiable, “Profitable Retail Sales” is a problem for Herbalife because:"

"The Compensation Committee is clearly not focused on aligning incentives with stockholder returns"

"Executive compensation plans should be designed to align interests of management and shareholders"

"The Board has failed to install executive compensation practices that properly align incentives"

"The Company is underreporting and misallocating share based compensation at the parent company."

"We believe the Board’s compensation practices must be changed in order to drive accountability."

"The Board has failed to install executive compensation practices that properly align incentives"

"Compensation committee IGNORES Glass Lewis request and continuous objections to its STI plan."

"Peloton had stock compensation expense of $305 million, which is over double the peer median."

"Therefore, since 2018, Mr. Espey’s compensation has increased by 66% while the stock is down."

"Hess' executive compensation received a D grade in our proprietary pay-for-performance model."

"Compensation targets should be aligned with or even higher than external targets – not lower!"

"Compensation targets should be aligned with or even higher than external targets – not lower!"

"From FY17 - FY21, Bob Iger received $216mm(1) in total compensation despite Disney’s poor TSR"