Callouts & quotes from 315+ activist slides

"We intend to install an independent slate and legendary CEO to abandon the blocked deal, collect the $565 million breakup fee and Make U.S. Steel Great Again."

"Every hospital that Inspire names under “independent” clinical studies has received substantial payments from Inspire for vaguely named post-approval studies."

"In conclusion, we encourage shareholders to vote FOR Oasis nominees five independent, world-class Director candidates at Kao's upcoming AGM on March 21, 2024."

"Clear path to remove share price discount by separating the Steel business to allow the market to independently value Timken's Bearings and Steel businesses"

"Southwest needs new independent directors with relevant expertise to challenge entrenched thinking, drive strategic changes and hold management accountable"

"Southwest needs new independent directors with relevant expertise to challenge entrenched thinking, drive strategic changes and hold management accountable"

"We are exercising caution around the industry's recent acceleration of the direct selling or door-to-door sales channels through independent sales dealers."

"Southwest needs new independent directors with relevant expertise to challenge entrenched thinking, drive strategic changes and hold management accountable"

"Southwest needs new independent directors with relevant expertise to challenge entrenched thinking, drive strategic changes and hold management accountable"

"Southwest needs new independent directors with relevant expertise to challenge entrenched thinking, drive strategic changes and hold management accountable"

"We at Bluebell Capital Partners (“Bluebell”) would like to congratulate you on your appointment as Senior Independent Director at BP (also the “Company”)."

"We Believe Almost 75% of the VIAB board are not independent by a reasonable definition; ISS recommends a “substantial majority of a board be independent”"

"Marathon can be efficiently separated into three appropriately capitalized independent entities, well-positioned to succeed in their respective segments."

"TIM governance has improved since independent directors replaced the Vivendi-controlled Board; meanwhile Vivendi’s own shareholder rights have collapsed"

"We independently verified that IonQ's 11-qubit quantum computer, accessible through Amazon Web Services, is a farce that can't even properly add 1 + 1."

"We independently verified that IonQ’s 11-qubit quantum computer, accessible through Amazon Web Services, is a farce that can’t even properly add 1 + 1."

"Our proposal is not intended to be a vote of no-confidence in CEO Larry Fink, but simply aims to address the lack of independent oversight by the Board"

"NewMed's recommended offer represents a US$242 million discount to ERCE's independent assessment of Capricorn's current cash-weighted fair market value"

"Shareholder Nominees are completely independent, would constitute a minority of directors, and, unlike Hess's nominees, have not preapproved any plan."

"Motive safety camera solutions dramatically outperformed Samsara in a recent independent test conducted by the Virginia Tech Transportation Institute."

"Elliott believes a board composed of truly independent directors is the most efficient and effective way to improve governance and performance at TIM"

"In our view, with resignation of Fortress Directors, BKD Board is deficient in both real estate experience and independent shareholder representation"

"Both DCCR and GH are independently diabetogenic, and the combination therapy poses a significant and underappreciated metabolic risk in PWS patients."

"We believe Huntsman urgently needs strong independent board members who will demand accountability and work to maximize value for ALL shareholders."

"We believe Huntsman urgently needs strong independent board members who will demand accountability and work to maximize value for ALL shareholders."

"AOL's CEO and CFO total cash compensation as a percentage of EBITDA of 1.7% is significantly higher than the Independent Peer Group median of 1.0%."

"Over 60% of BEA's shareholders are Independent Shareholders or Current Sellers (whom the BEA board cannot prevent from accepting a takeover offer)"

"The FTC – with access to Herbalife’s internal information and data – has independently confirmed all of the allegations of our investment thesis."

"The FTC – with access to Herbalife’s internal information and data – has independently confirmed all of the allegations of our investment thesis."

"Independent Slate wonders if incumbent Board merely “rubber stamped” these acquisitions without conducting proper and independent due diligence"

"As previously mentioned, BlackRock has a weak governance framework which is evidenced by a clear lack of independent oversight over management"

"Regardless, if NQ’s independent committee reports that there is no evidence of significant wrongdoing, this will be an attempt at a whitewash."

"As previously mentioned, BlackRock has a weak governance framework which is evidenced by a clear lack of independent oversight over management"

"Based on our estimates, private-pay Independent Living (IL), Assisted Living (AL) and Memory Care units trade at implied 5.00%-5.50% cap rates"

"Oasis believes this timing was intentionally designed to bypass meaningful consideration of independent profiles and limit shareholder input."

"Oasis proposes five unquestionably independent and highly qualified directors, following an extensive, robust and independent search process."

"All modules leverage and contribute to one of the largest independent repositories of equipment profiles and price data for print suppliers"

"TWC needs to do more to meet these challenges. TWC would have more options and a better ability to maneuver as a fully independent company."

"If purchases were truly driven by retail demand, Powell’s Personal Volume and his Organization Volume should be independent of one another"

"David Cush is part of Elliott's slate of eight independent, highly qualified director nominees to Southwest Airlines' Board of Directors."

"David Cush is part of Elliott's slate of eight independent, highly qualified director nominees to Southwest Airlines' Board of Directors."

"David Cush is part of Elliott's slate of eight independent, highly qualified director nominees to Southwest Airlines' Board of Directors."

"David Cush is part of Elliott's slate of eight independent, highly qualified director nominees to Southwest Airlines' Board of Directors."

"There is already an independent Board in place. Vivendi’s campaign and nominees proves that Vivendi simply wants a Board it can control"

"Lasertec had “no data” to show for the A300; “no real world case studies” or independent evaluation; “no real way to discern” any value"

"Shareholders should not allow Tessera to once again be run by a controlling Chairman. Shareholders need to have an independent Board."

"The Nominees for Shareholder Choice are entirely independent and have no preconceived agenda other than to maximize shareholder value"

"From two independent third-party credit rating agencies, we see a less optimistic view about the potential and history of WCA Waste."

"In an independent survey, Southwest ranked last on every metric and investors expressed low confidence in management’s capabilities"

"The reality is that 9 out of 10 of P&G’s independent directors have seen the Company underperform peers since they were appointed."

"The presence of non-independent directors on key committees may diminish a committee’s ability to oversee management objectively."

"Is this a truly independent Board that is willing to ask the difficult questions and hold management accountable to shareholders?"

"Independent Slate has the experience and skills to ensure a smooth transition and help create a better path forward for Campbell"

"WE NEED YOUR HELP TO ELECT OUR INDEPENDENT AND HIGHLY EXPERIENCED NOMINEES WHO ARE COMMITTED TO HOLDING MANAGEMENT ACCOUNTABLE"

"WE NEED YOUR HELP TO ELECT OUR INDEPENDENT AND HIGHLY EXPERIENCED NOMINEES WHO ARE COMMITTED TO HOLDING MANAGEMENT ACCOUNTABLE"

"Shareholders can choose between two slates: the Vivendi slate or a slate with Independent directors that represent the market."

"There appears to be a consensus among independent analysts that are not compensated by Cintas, that its shares are overvalued."

"The Lead Independent Director, especially in a dual Chairman and CEO role, should be like 'Caesar's wife' - beyond suspicion."

"Elliott Urges Shareholders to Support Meaningful Board Change By Voting on the Gold Card for Its Four Independent Nominees"

"Our independent and highly qualified nominees can help drive the Company's commitments to animal welfare and ESG matters"