Callouts & quotes from 10,384+ activist slides

"Our research results mirror those of Daniels, et al, in their study "Investigating trends in interest for benign prostatic hyperplasia surgery options using Google Trends". — Spruce Point Capital Management"

"As you'll be aware, 2025 Brent strip is at around $75 per barrel, and other commodities and prices, including refining margins, are under pressure. Were these prices to play out, the rule of thumb impact in"

""The Company has been deficient in linking executive pay to corporate performance" — Glass Lewis. "ISS has given Darden a governance Quickscore of 10, indicating the HIGHEST POSSIBLE GOVERNANCE RISK" — ISS."

"“I do not believe you will find a client that has access to the machine that actually has 32 qubits with 4 million quantum volume as was stated in the statement.” — Former senior scientific employee of IonQ"

"There is a lot of hype in the market now as many players release highly selective descriptions and statistics for their quantum computers — Christopher Monroe, IonQ's co-founder and Chief Executive Officer."

"(1) A local planning authority ... may make a change to any planning permission ... relating to land in their area if they are satisfied that the change is not material. — Town and Country Planning Act 1990"

"“The Company has been deficient in linking executive pay to corporate performance” — Glass Lewis. "ISS has given Darden a governance Quickscore of 10, indicating the HIGHEST POSSIBLE GOVERNANCE RISK" — ISS."

"Organic order intake reached a record high level of $15.12 billion for the year, resulting in backlog as at December 31, 2023, of $14.1 billion, representing 11.8 months of revenues,(1) up 8.2% in the year."

"Martin Cremers, K.J. and Nair, V.B., April 2004. "Governance Mechanisms and Equity Prices" Yale International Center for Finance (ICF) and New York University Center for Law and Business Research — Footnote"

"“Many stakeholders commented that CN was generally more aggressive than CP in pursuing financial objectives, including cost cutting and other efficiency measures” — Rail Freight Service Review, January 2011"

"[A]wards are permitted to vest for below median relative performance which therefore fails the pay for performance hurdle ... A vote against has been applied — Legal & General Investment Management, 5/15/24"

"The award is modeled after the recently announced 2018 Tesla CEO compensation plan for Elon Musk, which the New York Times described as “about as friendly to shareholders as they come.” — Axon press release"

"MRV TO REVIEW HISTORICAL OPTION PRACTICES AND TO REVIEW ACCOUNTING FOR EARNOUTS AND PROFIT SHARING IN TWO EUROPEAN SUBSIDIARIES AND EXPECTS TO RESTATE FINANCIAL STATEMENTS — MRV Communications Press Release"

"Among our Index competitors are S&P Dow Jones Indices LLC (a joint venture of S&P Global Inc. and CME Group Inc.); FTSE Russell, a subsidiary of the London Stock Exchange Group plc; and Solactive AG. — MSCI"

"According to Morgan Stanley research, historical list prices for the Deluxe, Premium, and Self-Employed Online SKUs rose at 15%, 17%, and 9% CAGRs from 2020 to 2024 versus just 7% for Live. — Morgan Stanley"

"“Like for any CEO, the trust and alignment with the board are key ... I hope I will get it with the next board... I look forward to working with everyone in the coming years.” — Amos Genish, 24-Apr, TIM AGM"

"「知人の幹部に聞いたことですが、完成品の製造現場は床を埋め尽くすような在庫で満パンだそうです。つまり、最終的な品質検査を通過していない完成品の在庫が相当量あるということ。顧客の要望で出荷を延ばしているかどうかは、私にはわかりません。しかし、訪問した同僚いわく、出荷ドックには文字通りに隙間がありません」 — グローバルファウンドリーズの幹部として長年の経験を持ち、レーザーテックとマスク検査全般に関わっている人物"

"Sometimes, for example, we get zero, meaning we could not confirm a single recombinant antibody even though we are exporting 20, for example, with identifiable VH and VL sequences. — Pfizer senior scientist"

"In October 2019 we completed the acquisition of Mobius Imaging and Cardan Robotics for cash consideration of approximately $370 and future development and commercial milestones of up to $130. — Q3 2019 10-Q"

""So if we were to fall into a recession, even though you're kind of recession resistant, would that affect the lenders would think about lending to you?" — Linda Bolton Weiser, DA Davidson, November 2, 2017"

"“Amcor’s financial profile will be enhanced, and our existing capital allocation framework, or shareholder value creation model, will be maintained and strengthened with this transaction” — Amcor Management"

"Omnia is “a joke to most doctors” — KOL feedback. Nevro’s claims are so dubious and promotional that KOL’s labeled them “smoke and mirrors,” “so stupid,” and “just dopey.” — KOLs and former Nevro employees."

"“We expect companies to... demonstrate the right and well-balanced skillset required for achieving sustainable growth of the company.” — Guidelines for Exercising Voting Rights, (Japanese Equities) (Source)"

""The total consideration of the transaction was €261.2 million" — 2022 Annual Management Report (p.129). "The total consideration paid for shares was €320.9 million" — 2022 Annual Management Report (p.126)."

"Whirlpool Asia reported first-quarter net sales of $166 million compared to $187 million in the same prior-year period. Excluding the impact of currency, sales decreased approximately 4 percent. — Whirlpool"

"St. John: Game consoles will be dead by 2020 — WildTangent CEO. CONSOLATION PRIZE: THE GAME CONSOLE IS DEAD. WHAT WILL REPLACE IT? — Wired Magazine. The End Of The Game Console Is Coming — Business Insider."

"Issara news agency reported that from asking employees in the building of the MMP Corporation Company Limited about M I T Solution Co., Ltd. was informed that nobody knew MIT Solution Company Limited before"

"“This difference was not clinically relevant as it was lower than the pre-defined threshold of 3 points.” — EMA. “HARMONY 1-bis provides confirmatory evidence of pitolisant’s effect on EDS.” — FDA Reviewer."

"Unbiased conclusions on efficacy from this study could not be drawn (open-label study, no reference therapy, psychostimulant concomitant treatments, association of naive and already treated patients). — EMA"

"ADOMANI Sees $2.9 Billion in Settlement Funds, from Volkswagen Environmental Mitigation Trust, As Unprecedented Product Funding Opportunity in its Goal to “Help Yellow Go Green!”(TM) — ADOMANI Press Release"

"Within 10 days of the execution of this agreement, Party B shall pay to Party A a one- time Trademark License Fee of ________ RMB. The Trademark License Fee shall not be refundable under any circumstances."

""The $31 million tax benefit was related to the ADPP termination approved by our Board in July 2018, as well as lump-sum payments associated with two U.S. nonqualified benefit plans." — Q3'2018 10-Q, p. 27"

"Per Riot press release announcing rejected bid for Bitfarms the company has more than $700m in cash on hand and 9.25% stake in Bitfarms (subsequently increased to 11.3% ~44.9m shares). — Kerrisdale Capital"

""We can no longer be everything to everybody all the time...I don't think customers are out there counting the number of items. It's about producing better quality products." — Brad Smith, COO, Tony Roma's"

"When we reported the details to the stock market regulator, we didn't report the number of vehicles we quoted you. The number we reported is multiplied by two, or doubled. Do you understand now? — CCME Rep"

"Mafia of scanning concession / How did the doctor Olti Pecini bought 49% of the shares of a concession worth 316 million USD for 490 lekë. Who is hiding behind the ICMS and the Salus hospital ?! — Pamfleti"

""[ASC] 606 accounting was mandated for all participants in this marketplace because when we enroll a senior, yes, if no action is taken, the commission is payable in perpetuity." — Scott Flanders, EHTH CEO"

"Finally, Meta has also flouted its obligations under the Children’s Online Privacy Protection Act (COPPA) by unlawfully collecting the personal data of its youngest users without their parents’ permission."

""We can no longer be everything to everybody all the time...I don't think customers are out there counting the number of items. It's about producing better quality products." — Brad Smith, COO, Tony Roma's"

"“... he was the manager of demand planning. And consistently, his e-mails would talk about how far over the demand forecast actual production was.” — Former GMCR / MBlock workers; Greenlight channel checks"

"“disclosing certain performance goals would cause serious competitive harm,” making vague excuses as a response to reasonable cries for accountability from shareholders — The Company (in this year's proxy)"

"Dye & Durham to Consider Sale as Strategic Review Process Expands — The Wall Street Journal. Dye & Durham pauses sale process as big shareholders say they won't support deals on offer — The Globe and Mail."

"It is a poorly kept secret in Silicon Valley that companies ranging from Google to Meta to Twitter to Uber could achieve similar levels of revenue with far fewer people. — Brad Gerstner (Altimeter Capital)"

"All LOIs received included both cash and non-cash consideration, none of which were sufficient to satisfy the Company’s indebtedness to DSMF, as Interim Lender and Senior Secured Lender. — PwC's 2nd Report"

"“So between year two and three you're retaining 88% of the value of that cohort, which we just think is incredibly indicative of the stickiness of the platform, right?” — CEO Dudum on Q3 2021 Earnings Call"

"I think there's a great opportunity for us to continue to expand our footprint in the larger kind of umbrella organizations of the CTV partners that we've worked with since day 1. — Mark Zagorski, May 2020"

"International now contributes 26% of our overall direct revenue. (Note: NOT POSSIBLE TO GET 69% REPORTED GROWTH: SEE YR END PRESENTATION AND CONFLICTS WITH 20% CITED ABOVE) — Yr End 2022 Call March 8, 2022"

"development of the Dynamite Hill model [drew] on the geological information gained through the development of the litho-structural models for the Nkran, Adubiaso, Asuadai and Abore deposits. — CJM 2014 MRE"

"「初期段階ではインテルが起爆剤でしたね。投資は積極的に行っていましたが、5、6年をかけての開発ではなく、3年以内に出荷せよとインテルにいわれたわけです。できるわけがないとレーザーテックは返答しましたが、なんとか納期を早めるために、光源について日本の仕入れ先を開拓しました。発注先はウシオ電機です。十分な輝度のある光源を提供できるのはウシオしかなかったからです」 — KLAで極端紫外線マスク検査を担当した元幹部"

"「レーザーテックは今現在、高開口数対応の技術を持っていません。私は立場上話せないこともありますが、これは言えます。彼らの装置は高開口数対応になっていません。対応するためには光学系を変えなければなりません。開口を広げると現状の光学系がジャマになります。したがって、今現在は不可能です。曲率を変えなければいけないし、画像要素が違ってくると、抜本的な改造が必要です」 — KLAで極端紫外線マスク検査を担当した元幹部"

"If the original grant of planning permission was unlawful, whether this can be saved from quashing by the non-material amendment purportedly made under section 96A of the 1990 Act — Legal Judgment Excerpt."

""The online-workers are telling me they'll be gone in one and a half years - I'm getting bored here, I want to do something else, so... How should a uniform culture look like for such a company?" — C. Sch."

"“over the last 5 years, return on invested capital has nearly doubled in [its] domestic parks and [it has] seen sizable increases over that same time frame across the total Experiences portfolio.” — Disney"

"“Bypassing that, that’s just not only anti-kickback, that’s going against the whole OPTN rule...that’s just flat-out illegal.” — Veteran transplant administrator/executive at Massachusetts General Hospital"

"“vehemently denied it could have happened.” — Inspire (regarding Patient A's claim); “tugging and twisting” — Patient B (describing tongue sensation); “ruined her life.” — Patient B (describing the device)"

"“Strong initial adoption of Lightspeed Payments after launch on January 30, 2019 to U.S. Retail customers with demand coming from both new and existing clients of Lightspeed.” — Press Release, May 30, 2019"

"“If Faraday Future’s S1 minivan were to launch in 2000, it would be called a dot-com car, if it were to launch in 2015, it would be a blockchain car, however, in 2025, it must be an AI car.” — A journalist"

"Only Post-Deal Revenue Disclosure: "SafeCharge contributed revenues of $55,853 and net income of $11,643 to the Company for the period from the acquisition date to December 31, 2019." — Nuvei Q3 2020 MD&A"

""[We] designed our mid-cycle methodology around the 2012-to-2019-time frame. You had cycles of strong margins and weak margins during that period of time." — Phillips 66 Investor Relations, March 14, 2024"

""The increase in inventories was primarily driven by an increase in strategic wafer and die inventories as well as an increase in finished goods to meet current demand and future growth." — MPWR 2017 10-K"