Callouts & quotes from 10,384+ activist slides

"“Running a McDonald’s is a 363-day-a-year business and an owner/operator, with his personal interests and incentives, can inherently do a better job than a chain manager.” — Fred Turner / Former President and CEO"

"All the time, all the time. Every time there's a contract renewal, which is usually after one year or two years, they would ask for lower rates in exchange for more headcount, more agents, right? — Fmr. Executive"

"Financial results for 2021, included stellar growth of 300% in total video and CTV revenue (or 123% on a proforma basis), with the fast-growing subset of CTV up 205%. — PERI financial reports and conference calls"

"With its sales growth rate plunging, front-line sales people departing, and diversified competition bundling services and discounting, is Forescout disruptive or being disrupted? — Spruce Point Capital Management"

""BHP's entire oil portfolio is non-core for a mining company and should be offloaded. The company should take the bold decision rather than suffer death by a thousand cuts." — Paul Gait, Bernstein, April 26, 2017"

"Credit ratings depend on a number of qualitative and quantitative factors; however, in general Moody’s recommends retailers stay below 3.5x Adjusted Debt / EBITDAR to achieve an investment grade rating. — Moody's"

"We estimate that the unit economics of newly acquired customers have actually gotten worse — from a $10 average loss per customer we estimated back in 2017, to $19 per customer in Q2 2018. — Theta Equity Partners"

"“Yeah, they were all specifically propped up because there was a very clear business opportunity that intersected with Ginkgo's core expertise.” — Former Ginkgo employee, longtime direct report to CEO Jason Kelly"

"“The FTC settlement announced today, coming after a two-year investigation also concluded that Herbalife is not a pyramid scheme – a conclusion that obviously vindicates our research and conviction.” — Carl Icahn"

"In my professional opinion, Inspire therapy should be the last option, failing everything else. It is a semi-permanent device that you put in your body and you will feel a bump on your chest — Sleep Tech (Reddit)"

"Limited details regarding medical history, concomitant medications and clinical course were provided; however, due to the temporal relationship, a causal role of WAKIX cannot be ruled out. — FDA FAERS Case Report"

"Wakix has kind of been a crowded field of third-line therapies... There are four FDA-approved medications now for this indication. That's a lot of options. — Neurologist in New York with 70-80 narcolepsy patients"

"GLENN BECK (VO): Radioescuchas como usted han descubierto como ganar dinero suficiente como para dejar su trabajo desde la comodidad de su hogar. ¿El secreto? Incomeathome.com [Ingresos desde el hogar punto com]."

"Well, I don't know if it will be for MATRICS X8ULTRA or ACTIS, but in any case, we are expecting to receive inquiries for inspection systems for EUV masks. — Lasertec CEO (Feb 1, 2022, Jefferies analyst exchange)"

"There is no guarantee that, if given another occasion to make a unilateral choice in contravention to shareholders' wishes, the board will not destroy shareholder value. — Institutional Shareholder Services (ISS)"

"Dr. Dean Elterman is the first clinician outside of the USA to become a Designated Centre of Excellence for Rezūm™ Water Vapor Therapy, a minimally invasive BPH treatment. — Boston Scientific / Dr. Dean Elterman"

"[A]rbitration awards are entitled to a strong presumption of correctness which can only be overcome in limited circumstances.... — Jones v. Intarome Fragrance Corp., 2007 WL 1296656, at *3 (D.N.J. Apr. 27, 2007)"

""The most important part of our financial strategy is, obviously, ultimately, we want to build a company to have a business that delivers first quartile financial shareholder returns" — John Hess, September 2011"

"“Companies pushing anti-Texas policies and woke indoctrination have no place in Texas public education, whether in the classroom or as investments in Texas Permanent School Fund” — Tom Maynard, Chair, Texas PSF."

"I'd like to have an explanation as to how you, as chairman of Telecom Italia and Olivetti, can justify a move like this that destroys so much value for Telecom Italia — Mark Levine, New York Times, 13 March 2003"

"the most unprofessional environment I’ve ever been in my entire career — Former employee. Andrew Paradise is probably the most unprofessional CEO that I’ve ever met in terms of his immaturity. — Former employee."

"Please note that Savills cannot verify the accuracy or the completeness of the information of subject tenancies provided to Savills. — Savills (via Vivion Investments, €300 million bond prospectus, October 2019)"

"“Companies pushing anti-Texas policies and woke indoctrination have no place in Texas public education, whether in the classroom or as investments in Texas Permanent School Fund” — Tom Maynard, Chair, Texas PSF."

"Historical information on the gz.jiajiaoban.com website retrieved from the waybackmachine.org. TAL’s stock ticker at the time of its IPO was XRS, an abbreviation for its former brand name Xueersi. — Footnote 123"

"Although there would be a degree of landscape harm, and harm to amenity of recreational routes, it is considered that the benefits of the proposal would outweigh this harm. — Planning Officer Report (March 2023)"

"We own Deyou brand, which is offered under a franchise model for connected brokerage stores that seek for branding effect and access to solutions offered by Beike platform. — BEKE Prospectus Aug 13, 2021, p. 170"

""It's single digits, the amount of volume that goes back and forth on each side, the amount of revenue for ADI and P&S that is intercompany is in a single digit. So, it's a significant, but it's not huge." — CFO"

"“is becoming increasingly competitive” — A longtime C-level executive in the spinal cord stimulator space; “never seen anything like it”; “very exciting”; “the best tonic data ever”; “beats Nevro’s data.” — KOLs"

"ROVI admits "Fan TV has enabled ROVI to close down its connected guide operations and replace the team" indicating ROVI’s internal connected guide investments were not successful and needed to be scrapped — ROVI"

"The bulk of the industry that's affected by this is going to consider this one event. So, Mercury would be an outlier. So, I don't see them winning in court on something like that. — Multiple reinsurance experts"

"The parties to this agreement are separate entities under civil law, between the individual parties no co-investment, agent, employee, contractor, or leasor/leasee relationship exists. — Legal Agreement Excerpt"

"In this context I would like to comment briefly on the attack by the Muddy Waters hedge fund a few weeks ago. Until April 21, 2016, I was in fact not aware of the term "activist short seller". — Udo Müller, CEO"

""Penumbra is not held to the same standard as [us] and [competitor].... We have to be much more cautious [about our spending]. We have limits that we have to stay under." — Neurovascular Products Sales Director"

"at the highest level a simple metric is used to capture how well capitalized an insurer is: the ‘LICAT ratio’ is the ratio of company's available capital over its required capital. — Mr. Rehbeli (Expert Report)"

"If Alibaba is going to be serious about getting into the entertainment industry, Viacom should sell Jack Ma a piece of Paramount... Jack Ma has a great understanding of the Chinese movie market. — Mario Gabelli"

"One of Chicago's biggest office landlords, 601W Companies, might be closing in on a lifeline as it tries to avoid getting pummeled by an approaching loan maturity on a Wacker Drive office tower. — The Real Deal"

"The top grossing [Tether Studios Skillz] games right now are Solitaire Cube, which is a Klondike solitaire game, and 21 Blitz. That one actually has been trailing off for the past year. — Former Tether employee"

"In our view, it is clearly now necessary for the supervisory board to take direct responsibility for this investigation immediately and to resolve the outstanding questions that the report has failed to answer."

""HIMS was heavily metrics driven. I wouldn't say heavily. It was completely reliant on that. And I mean, to HIMS' credit, the way they pulled together their data is something to behold." — Former HIMS Executive"

""The Latino business is now about 61% of the U.S. business, 46% up. One of the big things, markets that we are going to penetrate next year is the college market." --COO Greg Probert, Analyst Meeting 11/28/2007"

"If you have concerns about the direction and performance of the company...vote for my fellow nominees and me using the GOLD card. — Sig Cornelius, 30-year ConocoPhillips employee, Elliott board nominee for PSX."

"“kind of like a beta version” — AbbVie scientist; “major headache,” “tedious.” — AbbVie scientist; “definitely” won’t replace current discovery methods — AbbVie scientist; “not very reliable” — AbbVie scientist"

"Every time we demo it to scientists, it's an insane amount of data. Every cell, we're generating 50,000 data points... It's mind-boggling how you're going to go through that. — Bristol Meyers Squibb employee #1"

"While we commend Baillie Gifford (love those people) and early investors, right now we are looking at a share structure and an investor base that is more interested in spinning a casino wheel. — Citron Research"

""The Company continues to benefit from increasing activity in the U.S. as Core’s land revenue in its Production Enhancement segment increased 32% on a sequential quarterly basis." — CLB Q1 2017 earnings release"

"The New Peer Group Index is a self-constructed peer group consisting of companies in the consumer products industry with comparable revenues and market capitalization — Prestige Consumer Healthcare Inc. Filings"

"“This is a company that has good people, has a rich history, and great assets that don't necessarily belong together.” — Sigmund Cornelius, Elliott nominee for Phillips 66's Board and former CFO, ConocoPhillips"

""The decrease in Other CCA revenue in 2019 was driven primarily by a $14.9 million decrease from contract manufactured heartworm preventive, Tri-Heart, as a result of reduced customer demand." — Heska 2019 10-K"

"The FTC settlement announced today, coming after a two-year investigation also concluded that Herbalife is not a pyramid scheme – a conclusion that obviously vindicates our research and conviction. — Carl Icahn"

"In 2015, the Sacramento City Unified School District took heat for buying canned peaches, pears and applesauce from China. The district quickly reversed course and used American suppliers once the food ran out."

"We work with a vast number of sports to collect the underlying data that's required for sportsbooks through contra-relationships or swapping our software with those sportsbooks. — Mark Locke, CEO Genius Sports"

"It was really about getting a very long-term, value-added shareholder around the table, a nine-figure investor that is at the Board, really, really focused on shareholder returns. — CEO Aaron Levie, April 2021"

"The consideration has been determined with reference to, amongst other things, (i) the business prospect, potential profitability, market scalability and product mix — Superb Summit Announcement (June 8, 2007)"

"“Let them know what their role is in developing the brand promise and delivering the brand promise. We want to go beyond their intellectual agreement to their emotional commitment.” — Joe Lee, November 9, 2005"

"prolonged high prices would result if the decline in fossil fuel investment in this scenario were to precede the expansion of clean energy — IEA Executive Director; far from guaranteed — IEA Executive Director"

"“occupancy [apparently] limited with substantial areas vacant. Moreover, as shown in some of the images below, the condition of the building is poor or even derelict in many areas.” — Muddy Waters investigator"

"“to repeat, a useful quantum computer needs to process a set of continuous parameters that is larger than the number of subatomic particles in the observable universe.” — Mikhail Dyakov, a professor of physics"

"“Let them know what their role is in developing the brand promise and delivering the brand promise. We want to go beyond their intellectual agreement to their emotional commitment.” — Joe Lee, November 9, 2005"

"“You are being asked to choose between a Board and management team that are successfully executing a proven plan to build a better and more valuable company, and Mr. Peltz” — David Taylor, CEO, August 14, 2017"

"Now you could argue like LVP, I don't know, we weren't making any money on it. — Former Store Manager. I mean the only category I saw they weren't profitable in was unfinished hardwood. — Former FND Pro Leader"