Callouts & quotes from 10,384+ activist slides

""What this tells us is that BWLD could improve its valuation if operations were adapted to run like efficient franchise units – potentially increasing dollar EBITDA double-digits" — Jim Sanderson, Arthur Wood, 3/28/17"

"Elliott’s serial press releases here suggest that it already has all the information it needs to communicate with other shareholders about this issue. — Arconic (in response to Elliott’s request for books and records)"

"$1.2 million is the amount taken during a three-year period. Investigators believe she stole more, but state law does not allow them to look back further than three years — Boston Assistant District Attorney Jim Ayers"

"There is no question, on ETF and index products our margins are huge. It’s the highest margin business for us, or it’s one of the highest margin businesses for us — Larry Fink, BlackRock 4th Quarter 2010 earnings call"

"“Being an S&P 500 index member is a validation of absolutely nothing. We believe Intuit is the worst of its kind as a Company that is both disrespectful to its investors and to the American tax filer.” — CIO Ben Axler"

"In its 2007 10-K, Mettler said capitalized software development costs were amortized in a period "generally not exceeding 5 years", and now it says "generally not exceeding 10 years". — Spruce Point Capital Management"

"「プラズマが動き回る余裕があります。それが輝度の変動の原因になります。制御するのは難しい。一方のUrashimaはレーザー生成プラズマ方式で、電極の間の放電がなくて、レーザーがプラズマを直接生成します。そちらのほうが輝度は安定しますが、輝度を高めるために十分な出力を投入するのが難しい。結果としてプラズマが小さくなりがちです。それによって、装置の照度が不十分になってしまうことがあります」 — ウシオ・フィールド・サービス・エンジニア"

"GCP has told shareholders every quarter for the last four years that non-GAAP measures improve comparability across multiple periods and is what management uses in its financial and operational decision-making process"

"serves on an excessive number of public company boards, which we believe raises substantial concerns about the director's ability to exercise sufficient oversight on this board — BlackRock (in proxy voting disclosure)"

"TAL FY2017 1Q earnings call, CFO Rong Luo, “In July of 2017, Shunshun’s CFO explained on the 2017 Q1 earnings call that Shunshun’s revenue recognition is delayed by ten to twelve months.” — TAL FY2017 1Q earnings call"

"For example, the financial impact of the revenue streams from SanReno JV was described potentially “very significant” in the 2022 JPM Healthcare conference (Jan 4 2022). — Chinook 2023 corporate presentation, Slide 25"

"Smith gestured to the hunting ground and said, 'See those woods over there, well in the South, we take people out there that don't understand our way and behave good.' — Tim Smith (as alleged in Pereira's countersuit)"

"Since [emerging from bankruptcy], the Board has overseen significant accomplishments, and we are proud of the results that our Company delivered during a challenging period. — The SandRidge Board, 2017 Proxy Statement"

"Additionally, the Committee introduced a new metric of free cash flow replacing average days working capital. Free cash flow was instituted in 2019 as a measurement of fundamental performance. — Leidos Proxy Statement"

"This memorandum describes a scheme to stabilise the exchange rate of the Hong Kong dollar, and seeks Members' advice as to whether it should be implemented immediately. — Stabilisation of the Exchange Rate (1983 Memo)"

"The p53 cancer mutation Y220C creates a conformationally unstable protein with a unique elongated surface crevice that can be targeted by mol. chaperones. — Bauer, Matthias R. et al., Future Medicinal Chemistry (2019)"

"FYI- Not sure if this helps but by my relationship ending with GFL will cost me over $15m in future bonuses and etc. I had an incentive bonus plan to grow the company, plans were to double the business. — Chuck Rizzo"

"“In the portable generator market, our primary competitors include Briggs & Stratton, Honda and Techtronics International (TTI), along with a number of smaller domestic and foreign competitors.” — 2009 IPO Prospectus"

"These new models in our EnterpriseSeries rackmount server line further expand Mercury’s capabilities in the C4ISR market — Scott Orton, Vice President and General Manager of Mercury’s Trusted Mission Solutions group."

"I resigned because I do not believe that the current course is the optimal path forward for the company [Newell]. I am not comfortable with recent events and have come to believe that change is needed. — Kevin Conroy"

"We have no Business Tangible Property or M&T Returns for Iperionx or any of its Subsidiaries for 2023, 2024 or 2025. We have a personal property bill for vehicles For 2024 and 2025. — Halifax County, VA FOIA Response"

"We have no Business Tangible Property or M&T Returns for Iperionx or any of its Subsidiaries for 2023, 2024 or 2025. We have a personal property bill for vehicles For 2024 and 2025. — Halifax County, VA FOIA Response"

""Anadarko, perhaps Hess' most comparable peer..." — Wood Mackenzie (September 2012); "In particular, we believe Noble Energy provides the most appropriate benchmark..." — Bank of America Merrill Lynch (April 1, 2013)"

"“...The key to [profitable growth] will be [that] we will be able to live within our means and deliver, I think, very attractive financial returns on a going forward basis as I said.” — John Hess, Chairman & CEO Hess"

"Following his appointment in 2022, Shaw took decisive action and began implementing a balanced strategy to deliver safe and reliable service, continuous productivity improvements, and growth. — Norfolk Southern Board"

""We expect that most of our cash generated from operations will continue to be used to fund capital expenditures and the working capital required for our growth over the next few years." — GMCR 10-Q for Q3 2011, p.39"

""Elliott has a good case.... Investor returns under Chief Executive [Dr.] Klaus Kleinfeld, who took over at Alcoa in 2008 and now runs Arconic, have been poor." — Robert Cyran, Reuters Breakingviews, February 1, 2017"

""We need to make sure that this business is also a competitive business which achieves on the long-term, higher than cost of capital returns, which we will be able to achieve." — Dr. Klaus Kleinfeld, January 11, 2010"

"“Based on secondary market trading, if Simon were to issue debt today, an issuance of five year unsecured debt could potentially be completed at a cost of 5% or less” — Credit Suisse Equity Research, December 4, 2009"

"We see a lot of potential in Phillips 66. ... So the message would be, be optimistic, be positive. I think what we're looking at is restoring the operating excellence that Phillips 66 has been known for historically."

"Q3'16 CEO: "Kratos has made in the unmanned aerial systems area since 2013, which aggregate to over $50 million in internal research and development, contract design development and capital expenditures" — Kratos CEO"

"MedSec’s medical advisor, Dr. Hemal Nayak, who is a cardiac electrophysiologist, has advised his patients to disconnect their Merlin@home units. He is no longer implanting STJ devices until the problem is remediated."

"“So, the error that we’ve seen is people will go to the Medicare data...but it doesn’t represent the entire market. It represents about 60% of the market.” — Bloomberg transcript from conference presentation 1/9/2019"

"“The OptoSelect chips replace typical well plates. Each OptoSelect chip contains thousands of NanoPen chambers, which are like wells on a microplate. This is where cells are deposited, where they grow…” — BLI website"

"Deal does NOT benefit Mobis: We stand firm on our view, which prompted our recent downgrade of Mobis, that the proposed Mobis/Glovis deal does not benefit Mobis' existing shareholders. — Morgan Stanley, 18 April 2018"

"Imagine having no Rules or boundaries to what you can have in life ! Why not work hard and earn your worth ! — Jason Soaris. Dream big, head high and go for it! The only one who holds you is yourself. — Céline Cracco"

"It's just a branding play of the app that existed before. So the Super App is essentially just Zillow's CRM, and the app was always there. It's just evolving the app a little bit more. — Former Senior Zillow Employee"

"A May 2025 paper by lead investigator Jennifer Miller and Soleno’s Neal Cowen shows a shocking 16 lb steady and linear increase over 3 years of Vykat – brazenly asserted to be LBM but which we think is clearly fluid."

"he has never seen data like this. This then calls into question the accuracy of the information presented in the PET study. He said he would never trust the accuracy of PET data beyond 45 min. — PET expert consultant"

"I can only tell you the rough figure. Roughly 70/30[\%]. 70/30 could even be 80/20[\%]. 70\% are managed directly by the headquarters, and 30\% are like Jiangsu Zhonghe, which is completely managed by itself. — Mr. B"

"Imagine having no Rules or boundaries to what you can have in life ! Why not work hard and earn your worth ! — Jason Soaris. Dream big, head high and go for it! The only one who holds you is yourself. — Céline Cracco"

"Companies often collect cash 30-365 days before they recognize the revenue because they usually offer Monthly or Annual billing methods. As such, customers pay for a full-month or a full-year in advance. — Footnote 2"

"except for nominal fixed payments such as base salaries, we believe the compensation of executives should be strictly based on the performance of the company. — Glass Lewis; disservice to shareholders. — Glass Lewis"

"Revenue for the year was up 7% on an organic basis, benefiting from a solid 6% client growth and from the continued strong performance of our downmarket, PEO and multinational solutions. — Carlos Rodriguez (Q4 2017)"

""But at the end of the day, I think investors usually, and appropriately so, try to determine whether the company can generate higher returns than the synthetic alternative(1)." — Doug Terreson, Phillips 66 Director"

"Management’s proclamation that it has “hundreds of initiatives in motion” for cost reduction opportunities sounds comical, and begs the question, “what has management been doing with cost programs up to this point”?"

"“We would do more transferring of inventory than we physically did shipping… Keurig would ship stuff to themselves, I mean truckloads of stuff they’d ship [from MBlock] to themselves.” — Former GMCR / MBlock workers"

"“We encourage you to rely on the judgment of the Arconic Board, which is independent, objective and thoroughly dedicated to the interests of all Arconic shareholders.” — Arconic Letter to Shareholders, March 2, 2017"

"one of the employees of this client is also a director and shareholder in MC [Modular Concepts], and this relationship has entailed healthy inflow of orders from the client. — ICRA Modular Concepts LLC credit rating"

"The former also said that fear of missing an opportunity to cash out was what drove CEO Andrew Paradise to rush to go public via SPAC, despite its platform being “too manual” and “not sustainable.” — Former employee"

"“This is Agilent. This is Agilent again...I don’t see how you can call it a microchip”; “That’s what I would call Twist and Agilent’s technology...it’s an array panel.” — IDT ex-regional sales manager, left recently"

"“Thermo is 20%, is always more expensive than anyone. But on the other hand, you have such a quality and afterward, just a nice service that, yeah.” — Novartis, a large Twist customer, scientist in a leadership role"

""Hong Kong Faces Heat on Dollar Peg" — Financial Times, November 2010; "Hong Kong Should End Peg to U.S. Dollar, Deutsche Bank Says" — Bloomberg, November 2010; "The Peg will be History" — The Standard, January 2010"

"The Company accrues for estimated sales returns based on historical results. The allowance for sales returns at December 28, 2023 and December 29, 2022, was $27.4 million and $33.3 million, respectively. — 2023 10-K"

"“It is our intention within the 24-month period to be able to take this combined business, this pigments business, which will be in excess of $3.5 billion in sales…” — Peter Huntsman, President & CEO, September 2013"

"WFG is a multi-level marketing insurance agency that purports to provide "financial services via life insurance, retirement strategies, and a variety of wealth-building strategies." — Olson vs. World Financial Group"

"“Across the board, [customers] are just trying to get by – not cut back employees, etc.... Nobody’s going to add anything. Its just not going to happen.” — Cybersecurity Expert, Former Forescout Relationship Manager"

"The “inextricable connection” between BEKE and Liu Xiaojun was covered by the Chinese media. Liu Xiaojun used to be the supervisor of Yantai Lianjia Real Estate Brokerage, a subsidiary of BEKE, and owns a — 36kr.com"

""But at the end of the day, I think investors usually, and appropriately so, try to determine whether the company can generate higher returns than the synthetic alternative(1)." — Doug Terreson, Phillips 66 Director"

"As Mr. Iger noted, he "got the call Friday and was working Monday" — Source: CNBC article titled 'Disney's Wildest Ride: Iger, Chapek and the Making of an Epic Succession Mess' published by Alex Sherman on 09/06/23."