Callouts & quotes from 10,384+ activist slides

"Huntsman has received an “F” from Glass Lewis on executive compensation for two consecutive years as pay was more than its Proxy Peers, notwithstanding poor relative performance"

"Earnings opportunity available in wholesale retail discount (single-level) is more than 2x that from royalties and bonuses. — Herbalife Investor Update presentation (5-22-2012)."

"Awards are permitted to vest for below median relative performance which therefore fails the pay for performance hurdle.... — Legal & General Investment Management, May 15, 2024"

"Consistent with the experience of other companies involved in silica-related litigation, there may be an increase in the number of asserted claims against us. — Caesarstone Ltd."

""[We're] having less volatility than refining peers when refining margins flex to the downside, so we get the best of both worlds." — Phillips 66 CEO Mark Lashier, March 6, 2025"

"「極秘の扱いではありませんが、訊くべき人に訊けば、話してもらえます。私が知っているある人は、レーザーテックで〇〇〇を務めており、問題について〇〇〇に話しました。3ヶ月しか保たない光源は実質的に2ヶ月しか使えないし、交換に時間もお金もすごくかかる、そう認めました」 — 半導体製造装置企業の上席幹部として長年の経験を持ち、レーザーテックのCEOに親しい人物"

"「毎日3台のいずれかに問題が発生しましたね。鏡などの消耗品は寿命が近づくと問題発生の頻度が増えましたが、顧客の要求もあって24時間稼働を最優先にしていたので、装置を止めることを極力避けた。要は、速度や機能性をいくらか犠牲にしてでも稼働率の維持に努めました」 — インテルのマスク工場を現場で担当していた、レーザーテックの元フィールド・サービス・エンジニア"

"the successful interaction with our remote assistance specialist underscores the power of the complete system's performance...even in the rare surface street scenarios. — Aurora"

"CFO Rong Luo explained on multiple occasions that a unique aspect of Shunshun’s model is that revenue recognition can take up a full year, or longer. — TAL FY17 Q1 earnings call"

"Enron employees joked that they were encouraged to spend $10 in order to generate $5 in current earnings. — MW discussion with a leading journalist who previously covered Enron."

""[We're] having less volatility than refining peers when refining margins flex to the downside, so we get the best of both worlds." — Phillips 66 CEO Mark Lashier, March 6, 2025"

"The Cintas Audit Committee Charter was approved at the January 9, 2019 Audit Committee Meeting. Only minor changes to the Charter were required. — Cintas Audit Committee Charter"

""The purpose of these stores has shifted slightly so it's not strictly about maximizing sales; it's about being directional" — Gerard Marceda, VP of Deckers North America Retail"

""You are your driver's license, your credit card, your health care card, your building access card — why are you whipping all these cards out?" — Seidman-Becker (OneZero, 2020)."

"Dongfang Holding owns all of the issued and outstanding stock and ownership of Hebei Baoding Orient Paper Milling Company Limited ("Hebei Paper"). — Orient Paper, Inc. Form 10-K"

""We’re expanding into Canada later this year, and within the next five years, we plan to be in every country around the world." — Entrepreneur Interview with Spear, May 28, 2019"

"We have not developed an actinic ‘pattern’ mask inspection system. I have no comment to make on your questions. — Hiroshi Asai, general manager of corporate planning at Lasertec"

"“If they didn’t have any [issues], he would happily talk about how things are going.” — Longtime, senior semicap equipment executive in Japan who is friendly with Lasertec’s CEO"

"“...parallel inspections of the same masks...just to make sure there are no defects.” — Longtime, senior semicap equipment executive in Japan who is friendly with Lasertec’s CEO"

""Awards are permitted to vest for below median relative performance which therefore fails the pay for performance hurdle." — Legal & General Investment Management, May 15, 2024"

"The SEC filed an emergency action on August 17, 2012 to halt what it called a Ponzi and Pyramid Scheme perpetuated by RVG d/b/a as ZeekRewards. — SEC vs. Rex Venture Group, LLC"

"Your current silence and the failure to implement the measures announced suggest to me that everything you have made known was clearly nothing but hot air. — Shareholder at AGM"

""It was obvious to open on the East coast and not anywhere else. The sky is blue, the people are nice. Can't be better, right?" — Oatly CEO Peterson, Vice Interview, March 2019"

"UK rejects Gilead's CAR-T cancer cell therapy as too expensive — Ben Hirschler. Patient Advocate Says Novartis' $475,000 Breakthrough Should Cost Just $160,000 — Matthew Herper"

"Parkland announced its determination that a strategic review is unnecessary and does not consider the best interests of the majority of our shareholders. — Parkland Corporation"

"The Securities and Exchange Commission opened a formal inquiry into “product disclosures and trading in Guidant stock”. — Eliot Spitzer, New York's attorney general at the time"

"direct responsibility for the largest portion of the finance organization and firmwide accounting, financial reporting, financial and treasury operations — MSCI Job Description"

"Former Chief Executive Officer And Chief Operating Officer Of Publicly Traded Biopharmaceutical Company Charged With Accounting Fraud — U.S. Department of Justice Press Release"

"As you saw from the first quarter impact, we are not immune from COVID-19, especially since roughly half of our business is exposed to elective surgery. — CEO Lobo, May 5, 2020"

""Consistent with the pricing environment we experienced in previous years, we would expect continued unfavorable price reductions of approximately 1%." — Stryker (Jan 27, 2022)"

"“molten tin that splashes everywhere” with “puddles in the air” that “coat everything,” with “no way out” of the problem via attempts at “debris mitigation.” — Ex-KLA executive"

"Note 3,2 - Produits provenant d'entreprises liées Au 31 décembre 2021, le montant des produits provenant de participations est de 1.452.552,43 EUR et est décomposé comme suit :"

"These objective measurements, collected in a double-blind randomised controlled trial, provide a level of evidence that is unmatched in this field. — Evoke Study Group (Lancet)"

"“See those woods over there, well in the South, we take people out there that don’t understand our way and behave good.” — Smith (as cited in MEREDIAN HOLDINGS v. PAUL PEREIRA)"

"BUR's reporting of Napo Pharmaceuticals Inc. v. Salix Pharmaceuticals Inc. (“Napo”, BUR case no. 111290) should make BUR investors want to take a shower. — Muddy Waters Capital"

"“first-in-class molecule with a novel mechanism of action specifically designed to increase histamine signaling the brain by binding to H3 receptors.” — Harmony Biosciences S-1"

"SANSA's initial FDA clearance in 2024 validated accuracy against gold-standard polysomnography in a 340-patient clinical trial conducted at seven institutions. — Huxley Medical"

"More Consistent Free Cash Flow Growth. Transition to annual billings for product subscriptions reduces FY24 FCF, but accelerates FY25 & FY26 FCF — Autodesk Investor Day Excerpt"

"Accor’s Human Rights Policy pledges that Accor upholds “the highest standards of protection” for vulnerable people, with particular attention to human rights in conflict zones."

"Mr. Bradley is Chief Executive Officer and sole director of EOS Technology Holdings Inc. (formerly known as Data Vault Holdings Inc.) and the spouse of Sonia Choi. — Footnote 6"

""It’s not turned out to be what was promised, almost everything he said turned out to not be true." — Fox 5 Atlanta; "Feels like ya got taken to the cleaners." — Fox 5 Atlanta"

"“The Company has been deficient in linking executive pay to corporate performance…[and] Shareholders should be concerned with this disconnect” — Glass Lewis, 2013 Proxy Paper."

""complete bullshit"; "completely outrageous,"; "bottom line ridiculous"; and stated they may be relevant "in 50 years." — Ex-employees regarding IonQ's miniaturization claims."

"These independent directors agreed to join our board, because they believe in our outstanding plan and they recognize that our plan is the right plan... — John Hess's Nominees"

"MCD issues a statement blaming "industry-wide challenges for farmers and producers, such as the COVID-19 pandemic and global swine disease outbreaks." — McDonald's Corporation"

"PepsiCo is committed to converting all their snack food packaging to recyclable, compostable, or biodegradable products by 2025. — DNMR Investor Call Transcript, Oct. 5, 2020."

""Oklo is a company that has a lot of hubris," the timeline is "beyond optimistic" and "it will probably take at least 4 years to obtain a license." — A former NRC Commissioner"

"“retail is evolving, and no one knows exactly where the transition will take it” — Taubman; “strong demand for our real estate from a wide and growing area of tenants” — Peers"

"We hold a different perspective on the value of TWX...and also apply a holding company reverse synergy discount in all of our Entertainment company SOP values. — Goldman Sachs"

""We're just waiting for the FDA approval... that's not in our hands, it's in the government's hands. Once we get the FDA approval, we'll be launching posthaste." — PepsiCo CEO"

"When you attach materials to your entries for judges' review, consider that judges have only a few minutes to review and rate each entry. — Entry Preparation Tips from website"

"「光源に問題があります」「従来のKLA製のマスク検査装置と比較すると鈍重で、性能も劣ります」「新たに設計された」光源と謳っているUrashimaについては、「間違いなくレーザーテックにとって大きなリスクです。さまざまな意味で腑に落ちない話です」「だからこそ、顧客は不満を抱き、失望しています」 — Anonymous Industry Sources"

"「TSMCではファブの生産ラインにおいて5ナノメートル用のマスクの需要は1日当り約500枚です。その検査のために主にKLAに頼ってます。ファブの生産ラインに設置している5ナノメートル用の検査装置はKLA製が約20台で、レーザーテック製が約10台です」 — TSMCの元幹部で長年購買の責任者を務め、同社へレーザーテック製の検査装置の導入を担当した人物"

"“We consider the Company to be in material default of its technical disclosure and filing requirements.” — Robert Holland, BCSC chief mining adviser (as cited in Globe & Mail)"

"“they’ll investigate and do the best in class. The best reference for Naviguard was United.” — Interview with Senior Executive at a Top-Five National Health Plan, October 2020"

"“Trian has chosen this path [a proxy contest] with the potential to disrupt our Company at a key stage of execution against our plan” — Company press release, January 8, 2015."

"“Trian has chosen this path [a proxy contest] with the potential to disrupt our Company at a key stage of execution against our plan” — Company press release, January 8, 2015."

"We may need to defend ourselves against intellectual property infringement claims, which may be time-consuming and could cause us to incur substantial costs. — GreenPower 20-F"

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"“If the Lasertec tool is working, then great. If it's not working, I think people can get by, but it's slow...” — Ex-KLA director of engineering focused on EUV mask inspection"