Callouts & quotes from 215+ activist slides

"BOOT has significantly reduced sales guidance for new stores from $4M to $3M+ in just two years."

"We believe Fluor has materially reduced its risk profile and positioned the business for success"

"There are many areas where Olive Garden can both improve the guest experience and reduce costs"

"There are many areas where Olive Garden can both improve the guest experience and reduce costs"

"Outsourcing prep in selected areas will reduce costs while improving quality and consistency"

"Outsourcing prep in selected areas will reduce costs while improving quality and consistency"

"We believe such actions result in reduced transparency and may foreshadow future challenges."

"Anything that reduces the aging time to bring new whiskey to market is bearish for supply."

"McOpCo's subsidized economics reduce the impact of lower margin product pricing decisions"

"So, June 2022 brought different blue areas; and a reduced blue area nearest the village."

"For example, the prevalence of cash buyers has reduced the impact of mortgage LTV caps"

"Viacom Still Needs to Reduce Headcount by Another 10% to Bring it in Line With Peers"

"Investors are still paying for the Fox deal as Disney works to reduce its leverage"

"Permanent capital significantly reduces percent of AUM available for redemption"

"Permanent capital significantly reduces percent of AUM available for redemption"

"Permanent capital significantly reduces percent of AUM available for redemption"

"Reduce leverage to industry-standard levels of approximately 5x gross leverage."

"If properly managed, we believe that Bristol-Myers can reduce its SG&A expense"

"We expect Fannie and Freddie to continue to reduce loss reserves in the future"

"Salemville is another specialty cheese brand with a reduced product offering."

"We believe low revenue per merchant reduces the opportunity for cross-selling"

"We believe the Arconic Board size of 13 should be reduced to 11 directors"

"Sizable guaranteed annual pension benefits further reduce accountability."

"Analyst price targets have not been reduced since the impact of COVID-19"

"In the U.S., wall of maturities has been pushed out but not reduced"

"We also see a substantial opportunity to reduce capital intensity"

"BMI alone reduces Inspire’s addressable market by more than 30%."

"PF GGP’s leverage will be meaningfully reduced upon emergence"

"Technology and network sharing will reduce amendment revenue"

"The Board reduced targets by 41% in the MIDDLE of the year!"

"The Board reduced targets by 41% in the MIDDLE of the year!"

"Reduced Switching by 50% to Match CSX Efficiency"

"Planned Actions Reduce Diesel Usage by 18.2%"

"Faster turn times reduce active cars online."

"2016: Employee count reduced from 72 to 60"