Callouts & quotes from 10,384+ activist slides

"Fuji Xerox "does not appear to be growing or doing much better than Xerox" — Barclays Equity Research Report"

"such inclusions more accurately represent the cash flows in that strategy — Burford Capital (quoted in text)"

"Creative Acquisition Counting Conceals Financial Problems, Inflates Profitability — Prescient Point Research"

"“We cannot bring in outside people at too senior a level or they will fail” — David Taylor (to Nelson Peltz)"

"U.S. Defense Department says Tencent and other Chinese companies have ties to China's military — cbsnews.com"

"Just as it's enjoying a reprieve in the U.S., Celgene's Revlimid gets generic rival in Europe — FiercePharma"

"Just as it’s enjoying a reprieve in the U.S., Celgene’s Revlimid gets generic rival in Europe — FiercePharma"

"“WFG represented 71% of total Transamerica individual life sales in this quarter.” — Aegon Q1’24 Update Call"

"We are already in around 200 stores in few of the states, that Lowe selected. — Caesarstone Q1 Earnings Call"

"「放電生成プラズマ方式は将来性のない方式です。ウシオは戦略的な誤りをしました。放電生成プラズマの欺瞞の単純さに酔った結果、誤ってその方式を採用した、ということです」 — Isteqの研究開発部門における中心的な従業員"

"「いいえ、ただ不安定だけです。安定して機能するのではなく、ときによって機能しなくなることがあります。消けてしまうのです。そのような光源については、よく知っています。」 — KLAで極端紫外線マスク検査を担当した元幹部"

"A disclosure on page 128 of Wuhan DDMC’s 2018 annual report further belies IQ’s non-cash contribution claim."

"From Phillips 66's April 24 Letter: "Elliott's competitive interests merit careful attention." — Phillips 66"

"Newell engaged in a scheme to prematurely recognize revenue called "Pick and Holds" — SEC Litigation Release"

"U.S. Defense Department says Tencent and other Chinese companies have ties to China's military — cbsnews.com"

"「私がみているかぎり同じです」 — Ushio Field Service Engineer regarding the similarity between A150 and A300 light sources."

"Trading will resume once the audit report for the previous fiscal year is confirmed — Seoul exchange website"

"China’s GDP figures are “man made” and “for reference only” — Li Keqiang (via U.S. State Department cable)."

"I'm not going to be sent here and there like a clown! I wanted to see the documents. This won't do! — Klein"

"If [Phillips 66] can't improve results, lower expectations? — Elliott Investment Management, April 22, 2025"

"This is above already the annual target, so very, very good job — Management Commentary (October 11, 2016)."

"To my friend Wilfred Frost: Please note that my seven year old came up with that association. — Footnote 66"

"“I don't use the word ESG anymore, because it's been entirely weaponized” — CEO Larry Fink, 25th June, 2023"

"Some of the more commonly used adjectives are “gangster (流氓)”, “brute (禽兽)”, “garbage (垃圾)”. — Muddy Waters"

"注: NAVを算定する全てのセルサイドアナリストが、EV-Equityブリッジにおいて販売金融を切り出すか、またはネットデット分析に含めないP/Eアプローチを採用している(2) — 会社開示資料、Bloomberg"

""SKUs have doubled over the past 10 years. The reason was to increase sales" — Jefferies, September 1, 2023"

"I think that there's not a competitor out there that we worry about. — CFO Okupe at 5/10/23 BAML Conference"

"in order to preserve and increase our market competitiveness and expand our business. — Perion Network Ltd."

"“I don't use the word ESG anymore, because it's been entirely weaponized” — CEO Larry Fink, 25th June, 2023"

"They have an on-site R&D lab that can support new product development and launches. — Ronald Lombardi (CEO)"

"US company provided kickbacks to doctors in Switzerland — Swiss Broadcasting Corporation (via swissinfo.ch)"

"Health & Beauty (H&B) was sluggish, down 4.3 billion yen, due to... increased costs at Bondi Sands — Nomura"

"“Beacon system enables high-resolution screening of plasma B cells with unprecedented speed.” — BLI Website"

"Ng: “With our technology and their technology combined, who can say no to that (the merger)?” — Wing Fai Ng"

"One former senior executive bluntly characterized the company as the "redheaded stepchild" of the industry."

"Eli Lilly and Pfizer Put Osteoarthritis Pain Drug Tanezumab Out of its Misery — Heather McKenzie, Biospace"

"“i think management get kick backs and not only they can fire you at any time.” — Current Employee, Indeed"

"Müller: No need. The technology is so sophisticated that I can hear you even when I'm peeing. — Udo Müller"

"We have retained one of the leading operationally-focused consulting firms to assist us with this analysis"

"Our high-performance titanium products have secured the interest of leading potential customers — IperionX"

"THE COMPANY CATEGORICALLY DENIES THE ALLEGATIONS MADE IN THESE PUBLICATIONS. — China MediaExpress Holdings"

"“It turns out they just spend less than we thought.” — Fran Rathke at GMCR equity road show on May 5, 2011"

"there’s no reason that it should not be a 60-plus precent gross margin business. — CFO of Twist Bioscience"

"L'Oréal's CEO Nicolas Heronimus earmarked LatAm as one of the key growth drivers in his 2023 presentation."

"Samara's revenue recognition policy rose to the level of a Critical Audit Matter in Samsara's recent 10-K."

"From Phillips 66's April 24 Letter: Elliott's competitive interests merit careful attention. — Phillips 66"

""In that first month we were able to save our home. Herbalife saved us from bankruptcy." — Herbalife Today"

"「蝋燭のように明滅することがあり、確実な再現性が得にくいこともありました」。また、「インテルのエンジニアが対応できないほど焦点がぼけていくこともありました」 — レーザーテックの元フィールド・サービス・エンジニア"

"「すごかったよ。プレッシャーが信じられないほど大きくて、気が狂いそうでした。サムスンからもTSMCからもひどいプレッシャーを受けました。TSMCは一番きつかった」 — KLAで極端紫外線マスク検査を担当した元幹部"

"「お願いだから、この装置を開発してください」と頼み込んでいました。P2はデブリを残さない装置でないとできないものです。顧客はその開発を急ぐように嘆願していました。 — KLAで極端紫外線マスク検査を担当した元幹部"

"「お願いだから、この装置を開発してください」と頼み込んでいました。P2はデブリを残さない装置でないとできないものです。顧客はその開発を急ぐように嘆願していました。 — KLAで極端紫外線マスク検査を担当した元幹部"

"“Three independent directors” includes Mr. Kiefaber and Ms. Ogilvie, both of whom are already on the Board"

"“It’s not something that’s been on the radar” — Alan Smith, Chief Digital Officer at Media Agency Assembly"

"“Hospitals could lose between $53B and $122B this year due to pandemic,” — FiereceHealthcare, Feb 23, 2021"

"Disclosure of loan balances of $16.8m at March 31 2021 and $31.5m Dec 31, 2020 are removed. — DLocal 424B1"

"Agent: Because there was another store, but it was closed, now there is just store No. 1, No. 2 and No. 6."

"$100/t Carbon tax represents only 10% of marginal copper costs but 80% of aluminium costs — Wood Mackenzie"

"日本から直接送られてくるため（商品が本物であるという証拠）、商品が届くのに時間がかかります。また、残念ながら売主は追跡番号を教えてくれないのですが、とても親切です。 — Amazon Italy Reviewer"

"“Innovation has nothing to do with how many R&D dollars you have.” — Steve Jobs, Fortune, November 9, 1998"

"General Electric Agrees to Pay $200 Million Penalty for Disclosure Violations — SEC Press Release 2020-312"