Callouts & quotes from 10,384+ activist slides

"“very strange format that’s not industry accepted” and “weird.” — Solid-state/dendrites expert"

"WANT TO REALLY MESS WITH THESE GUYS? LAY DOWN AND TAKE A NAP, — Strange Brew cartoon character"

"“We're transforming Alcoa and we are creating a compelling sustainable value.” — Dr. Kleinfeld"

"“There’s no validity to anything in the [Muddy Waters] report.” — John Lazar, Burford Director"

"“reinforces the attractiveness and compelling value of our turnkey service model” — Ajay Mehra"

"TaskUs co-founder Bryce Maddock provides helping hands for tech start-ups — LA Times, Jan 2017"

"9/30/14: US District Court dismisses shareholder lawsuit seeking to enjoin the net worth sweep"

"Announcement surprised us, but commitment to smooth transition is apparent — Barclays Research"

"「現在のところ、いつ終わるのか、またどのくらいの規模になるかは公表しておりません。公表できる段階になりましたらお話し申し上げたいと思っております。」 — 岡林 (Lasertec CEO)"

"9/30/14: US District Court dismisses shareholder lawsuit seeking to enjoin the net worth sweep"

"Below: From Fairfax Financial Holdings Annual Report 2020, P. 10. — Fairfax Financial Holdings"

""[n]o significant purchase price or significant gain on disposal." — Ströer 2015 Annual Report"

"Revealed: Global private hospital group embroiled in ‘cash for kidneys’ racket — The Telegraph"

"Norfolk Southern CEO more than doubled his pay last year after getting promoted — CNN Business"

"We Believe Archer Aviaiton, Inc (NASDAQ:ACHR) is a Lame Duck — Grizzly Research (Footnote 76)."

""If this is worth $4.9 million, the world is a much richer place than I thought." — Sean Regan"

"CEO Response: "It's about 3% of revenue, so fairly small." — Dycom Aug 21, 2024 Earnings Call"

"Alan Shaw is a crisis-tested leader who is delivering change. — Norfolk Southern Board Letter"

"Named one of "America's Best CFO's" by Institutional Investor magazine. — Charles M. Sonsteby"

"Tripadvisor Gains New Freedom in $430 Million Merger With Liberty Tripadvisor — Dennis Schaal"

"Activists sour on Oatly vegan milk after stake sold to Trump-linked Blackstone — The Guardian"

"発表されたTOBでは、豊田自動織機が非上場化後に、カウンターパートは[...]自己株TOBを計画、税控除の大部分はカウンターパート側のメリットとなる。 — UBS、2025年11月20日"

"Moody’s suggests an upper bound of 3.5x debt/LTM EBITDA for the current rating level of Baa2."

"ASG reached out to us shortly after the announcement of our executive changes... — Mr. Hansen"

"「ASMLは2009年頃に極端紫外線露光装置の開発を始めました。当初はウシオ製の光源を使いましたが、うまくいかなかったのです。ひどいものだった。」 — 元サイマー（のち、ASML）科学者"

"Tripadvisor Gains New Freedom in $430 Million Merger With Liberty Tripadvisor — Dennis Schaal"

""Make sure you pay your taxes; otherwise you can get in a lot of trouble." — Richard M. Nixon"

"We were never engaged to audit internal controls — Armanino (as reported by Financial Times)."

"SEND MORE ROCK — Dan Abromowitz and Eli Dreyfus (The New Yorker Collection/The Cartoon Bank)."

"I don't know. It's one of the more creative analyses I've ever seen in a proxy fight. — Geoff"

"there were instances of fraud in the past involving WMPs of other companies — Qutoutiao, Inc."

"most of our production is outsourced to third parties under [a] fab-lite strategy. — Lasertec"

""Good news -- remember all those growth stocks I sold you? They're now value stocks." — Brown"

"After seven years of running my own high-end handbag company in Italy... — Co-founder Hasson"

"SEC Charges KPMG $22M To Settle SEC Litigation Relating to Xerox Audits from 1997-2000 — SEC"

"“I want us to be the next MTV, ESPN, and CNN rolled into one” (2013) — Shane Smith, Vice CEO"

"The iMBA's enrollments are 264 and 787 for the Fall 16 and Fall 17 enrollments respectively."

"Bernard Madoff claims to have executed no real trades in his fraud – likely for this reason."

"トヨタのようなグループ親会社にとって、持合株式は論争の的となっており、親子上場や恒常的な低評価と並んで問題視されている — Asset Value Investors, 2025年4月"

"“豊田自動織機の1株あたり簿価は、[...]税務上の観点からすると、この取引がもたらす利益を過小評価している可能性がある[...]” — Travis Lundy、2026年1月14日"

"one of the most promising in our history — Management (referring to the Company's pipeline)."

"「A300とA150との有意義な比較ができるほど『概念実証』と言えるほどの概念実証あるいは実用のケーススタディーのデータは提示されませんでした」 — マーベル・テクノロジーの上席従業員"

"「つまり、インテルがレーザーテックに優秀サプライヤーの賞を授賞するのは、KLAに『くたばれ』という同然の行為ですね」「そのとおりです」 — KLAで極端紫外線マスク検査を担当した元幹部"

""Domestic is an area where Rollins has underperformed over time." — Former Rollins Executive"

""the Court, should have received a more transparent, evidenced explanation." — Judge Fordham"

"“The learn-it-all will always do better than the know-it-all” — Satya Nadella, Microsoft CEO"

"APP’s CEO reportedly claimed APP experienced “no churn” among its e-commerce beta customers."

"Crush margins are the worst in China. We do expect those to improve. — Q1'21 Conference Call"

"Subsidiary of Bulk Carrier Settles Allegations of Sanctions Violations — Wall Street Journal"

"the rep is kind of an extension of your practice. — One of Nevro’s highest volume implanters"

"“For livers, we don't use it at all...we use OrganOX” — Leading liver transplant surgeon/KOL"

"“looks like a third world prison” — Muddy Waters Investigator. “prison-like” — The Guardian."

"six of them likely or very likely related to the tiprolisant treatment. — Pilot study (2007)"

"“And no finished goods in there, right?” — Investigator; “No. All work in process.” — IR rep"

"“And no finished goods in there, right?” — Investigator; “No. All work in process.” — IR rep"

""IT'S A GREAT ALL PURPOSE CLEANER AND IT MAKES A NICE FLAVORING FOR GUM!" — CartoonStock.com"

"WELL, WELL - THIS SHOULD CREATE A NICE LITTLE WAVE OF PANIC AND HYSTERIA. — CartoonStock.com"

"95% of our towers are outside of urban and near-urban environments — James Taiclet, AMT CEO"

""the new presence of a well-known shareholder-value advocate investor" — Sell-side research"

"Cyprus Confidential: Shining a light on tax evasion — The Indian Express, November 20, 2023"