Callouts & quotes from 10,384+ activist slides

"“Unfortunately, we haven't seen any evidence that Nuvei has changed any of the shady business practices that made the Pivotal Payments brand name so toxic.” — One review site"

"We generally assumed operating margins in future years would increase as we continue to integrate and implement our rate base growth strategy. — Essential Utilities 2022 10-K"

"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 times two, or doubled. — CCME Rep"

"The phrase "in accordance with" in condition 6 means "in agreement or harmony with; in conformity to; according to" (Oxford English Dictionary)... — Oxford English Dictionary"

"the ordered test(s) are medically necessary because the patient has been diagnosed with a cancer that is either recurrent, relapsed, refractory, metastatic, or advanced stage"

"11/7/13: "I opened the presentation, really innovation has been, and will continue to be in the next three years, the main engine behind our share gain." — Arconic Management"

"I think in 2024 they really started to feel the impact of the competitive landscape... Celsius has really taken a big dip into the Monster business. — Former Monster Employee"

"I think that what Nelson is doing is trying to get things to be as good as possible at DuPont. I think they should put him on the board.” — Jim Cramer, Host, CNBC's Mad Money"

"Their general responses indicated that these farms are typical Chinese barn designs, were "built cheap" with "poor airflow" and "not built to last." — Two China dairy experts"

""During the fourth quarter, we achieved our strategic priority targets for shareholder distributions and asset dispositions." — Phillips 66 CEO Mark Lashier, January 31, 2025"

"partially offset by a $2.4 million decrease in average Measured Transaction Fees primarily driven by expansion across international markets. — DoubleVerify 2019 vs. 2020 MD&A"

"I think that what Nelson is doing is trying to get things to be as good as possible at DuPont. I think they should put him on the board.” — Jim Cramer, Host, CNBC’s Mad Money"

"I think that what Nelson is doing is trying to get things to be as good as possible at DuPont. I think they should put him on the board.” — Jim Cramer, Host, CNBC's Mad Money"

"“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"

"It seems to us that Warren Buffett would have walked away from this transaction, as he is legendary both for patience and buying at a significant discount to intrinsic value."

"In March 2019 we completed the acquisition of OrthoSpace, Ltd. for total cash consideration of $110 with future milestone payments of up to an additional $110. — Q1 2019 10-Q"

"Initially two buildings were used for production, but one of the factories has been demolished early in the year of 2011 and a new construction is ongoing. — CFM Lagos worker"

"If I was a betting man, I'd tell you Knife River is going to get acquired by somebody within the next five years. — Industry Expert With 45 Years Experience, Tegus, Sept 2024"

"The phrase "in accordance with" in condition 6 means "in agreement or harmony with; in conformity to; according to" (Oxford English Dictionary)... — Oxford English Dictionary"

"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"

""Either way, we're charging a small fraction of the serious ridiculously high 30% to 40% of commissions being charged by Zillow and Realtor.com to agents." — CoStar Group CEO"

"By the time this product is even approaching market, there will be multiple other 200-mile range plug-ins that have been out for years. — Citron Research (from 5 years prior)"

"Concerning Mr. Weimann's question number 2.6.: Media Ventures has an agreement that enables them to buy advertisements from Ströer at a reduced price, etc. — Udo Müller (CEO)"

"Mr. Grijalva conducts his business as an independent sales representative through a limited liability company of which he and Ms. Grijalva are members. — FY18 Proxy (7/27/18)"

"So we have pricing power, we're continuing to expand geographically, and that will allow our revenue to grow and our business to scale over time. — CFO, Q1 2022 Earnings Call"

""With respect to pricing, for the 6th consecutive quarter, we saw an improvement in our price per seat on a year-over-year basis." — CFO Dylan Smith, Q3 FY2020 Earnings Call"

"Standard CAPM assumptions are basic things that are simply untrue in many foreign markets such as perfect markets, diversified investor portfolios, and information symmetry."

""Tower leasing is commonly described as one of the best business models out there for a reason: it’s one of the best business models out there." — MoffettNathanson, May 2019"

"Curtailment requests from ERCOT are rare, less than 3% of the time according to Marathon Digital's CEO (and confirmed in our conversations with other industry participants)."

"“The organization structure was always a pain point. It’s arbitrary. The clients don’t view the world the way ADP thinks about it.” — VP of Strategy and Business Development"

"More Consistent Free Cash Flow Growth. Transition to annual billings for product subscriptions reduces FY24 FCF, but accelerates FY25 & FY26 FCF — Autodesk Investor Day 2021"

"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"

"SoFi IR confirmed: "seller financing" arrangement | CFO Lapointe: "investment-grade equivalent" | 10-K: zero credit loss allowance — Documentary Evidence (December 20, 2023)"

"“...he did not believe that the Celgene Board would accept the proposal...and noting that reaching a definitive agreement by January 2, 2019 would be difficult.” — Mr. Alles"

"…ICMS made significant capital investments toward the implementation of the program in a value well beyond the par value of shares — OSI Systems (as quoted by Muddy Waters)."

"Mr. Iger’s work with the Succession Planning Committee: the Committee’s only accomplishment was to extend Mr. Iger’s contract by two years, including a significant pay raise"

"A&E agreed to pay HBO $2.5 million per episode of The Sopranos beginning in 2006. — Jacques Steinberg, A&E Buys Rights to Rerun "Sopranos", New York Times, February 1, 2005."

""we have a different profile than any of the big diversified media companies because we do have some of the Internet superspice in our portfolio – namely AOL." — Mr. Parsons"

"“it’s painful, extremely painful” — Anonymous Customer. “it would be stupid to buy more machines” — Anonymous Customer. “the discussions are really hard” — Ex-KLA executive."

"(24) our belief that our pipeline for acquisitions is strong, our plans to seek new acquisitions and expectation to make additional acquisitions in 2023; — Rollins 2022 10-K"

"“20% of our revenue comes from deepwater […] It’s the most profitable revenue stream that we have. So, deepwater will be the key as we go forward.” — David Demshur, May 2013"

"A former Lianjia agent in Shenzhen published a tell-all blog in 2020, revealing that BEKE company policy was to go as low as 2% on commissions, despite official rates of 3%."

"Those same dollars could have been spent on reinforcing, expanding their own base operations. — Michael Heim, Elliott nominee for PSX’s Board and Co-Founder, Targa Resources"

"Cloud revenue primarily consists of SaaS and managed services revenue recognized over time and term-based licenses, which are recognized at a point in time. — VRNT FY19 10-K"

""The Board does not intend to issue preferred stock in the future and believes that it is appropriate to eliminate this provision from the Articles." — Apple Proxy Statement"

"Mr. Iger’s work with the Succession Planning Committee: the Committee’s only accomplishment was to extend Mr. Iger’s contract by two years, including a significant pay raise"

"「検査においては両方でぴったり同じ問題が起きるので、レーザーテック製のUrashima光源はウシオ製の光源と同じ技術的な問題を抱えているでしょう。また、ウシオ製の光源と共有している問題に加えて、Urashima光源独自の弱点がいくつもあって、それもダウンタイムの原因になるでしょう。」 — Ushio Field Service Engineer"

"“when we write for diazoxide, we always write for a diuretic at the same time, because we've seen heart failure on this drug a whole bunch of times” — PWS endocrinologist #2"

"Apple Watch AFib feature becomes first-ever digital tool approved by FDA to evaluate medical devices — Michael Walter | May 02, 2024 | Cardiovascular Business | Heart Rhythm"

"This case involves a financial reporting fraud at AXM Pharma, Inc. (“AXM”) during its second quarter of 2005 (the quarter ended June 30, 2005). — SEC Cease and Desist Order"

"Based on my own informal survey, many fund managers have no idea of the breadth of tools available to them to improve corporate governance at their companies — Seth Fischer"

""We’re excited to work with DriveTime to provide committed financing that frees up capital it can use to grow its business," — Tim Russi, president of auto finance at Ally."

"“I think a good way for you to think about it is $1 of [new] revenue costs us about $1 of sales [and] implementation expense.” — Gary Butler, ADP Former CEO (February 2009)"

">70% of '25 EBITDA comes from more defensive midstream, chemicals, and marketing segments – all premium multiple businesses vs refining. — Bank of America, October 17, 2024"

"“never saw” — Ex-employees. “out of the lab for real use,” — Ex-employees. “spaghetti” — Ex-employees. “garage size” — Ex-employees. “small adult elephant.” — Ex-employees."

"Growth-oriented investors have become increasingly frustrated with the evasive revenue growth reacceleration and the additional pressure on margins. — J.P. Morgan 10/6/2010"

""So, this is the framework that we use at Alcoa to look at sustainability, and it starts with the shareholder value in the center." — Dr. Klaus Kleinfeld, November 10, 2010"

">70% of '25 EBITDA comes from more defensive midstream, chemicals, and marketing segments – all premium multiple businesses vs refining. — Bank of America, October 17, 2024"

"In terms of TurboTax Live, we intentionally do not report the actual numbers in TurboTax Live other than just our growth rate. — Intuit CEO Goodarzi, FQ3 2021 Earnings Call"

"In February 2020, QuestMobile published a special report titled “China Mobile Internet Amid COVID-19 Plague” which shows that IQ overstates its DAU numbers by at least 42%."