Callouts & quotes from 10,384+ activist slides

"Looking ahead, I anticipate fiscal year '24 revenue may reach the range of $8 billion to $10 billion, considering the current economic headwind may be lasting for many quarters. As we continue to gain IT market share with the best rack scale plug-and-play IT total solutions, I believe we will soon become a $20 billion revenue company. Our business model have been optimized, our engineering teams are fully ready, and our worldwide campus production capacity and efficiency are now second to none. — CEO Charles Liang, Q1 2023 Conference Call"

"So, yeah, this business has grown double-digit, 10% for the last couple of years... it's safe to say, we expect 4% growth sustainable going forward year after year. — CEO Waterpik Deal Call 7/7/2017; The Waterpik business was growing rapidly prior to, to our acquisition. And what we said that we -- we see this business can grow high single digits for the foreseeable future — DB Conf June 2019; So first Waterpik... in 2018 we delivered 22% growth. Year-to-date '19, we are running at about the same rate in excess of 20%. — DB Conf June 2019"

"“It’s an ultra-expensive device. They’re under increased scrutiny by the federal government. We have some frustrations with them because transplant centers will use it off-label... we have a surgeon here locally. He shows up and recovers the liver, and sends it to that transplant program. And then, that program puts the liver on the pump and then transplanted the liver later. Well, they transplanted the liver late. They actually lost the liver on the pump.” — CEO of a major OPO (Organ Procurement Organization), longtime industry executive"

"“Compounding pharmacies, that’s their business. They have a vested interest in using that for this. And it’s like, oh look at that. Usually, it’s just specialty prescribing and dose limitations that we start with for an orphan drug with no other approved therapies within it...then it’s like, oh, then you have to tell us why you can’t use the compounded version [...] it would be a simple email to our head of pharmacy. Tell me why we can’t use a compounding pharmacy to do the same thing here.” — Medical director at Blue Shield of California"

""I'm compensated based upon AFFO per share growth and ROIC. And so, it's very simple. And so, everything that we do, every new dollar that we allocate within the business will be to drive those - those two metrics in a very high quality way." — CEO Tom Bartlett, American Tower, May 2020; "Some folks want to see that growth on the revenue line. I continue to submit to you that the ROIC that we can produce by doing what we're doing is better and the value created for our shareholders will be better." — CFO Brendan Cavanagh, SBA, April 2018"

""We cannot stop thinking about the remarkable similarities between the story of Eastman Kodak and our view of Viacom. Basically two examples of once-dominant companies where the product that provides the majority of their profits (film; linear TV networks) is made obsolete by a digital world. Consumers are taking more photos than ever, and watching more video than ever—but using different underlying technologies with radically different economics and value chain structures." — Todd Juenger, Senior Analyst, U.S Media, Sanford C. Bernstein"

""When we first embarked on our highest and best use strategy, our priority was to seek as many land-use entitlements for commercial and residential development in our region as possible. This continues to be one of our core competencies, and we now have land-use entitlements totaling over 31,000 residential units and approximately 11.6 million square feet of commercial space. Our opportunities are significant, and we believe that by taking measured risks, we will be able to extract meaningful value." — St. Joe 2010 Letter to Shareholders"

""The Company’s loss reserve committees estimate expected loss to be paid for all contracts by reviewing analyses that consider various scenarios with corresponding probabilities assigned to them. Depending upon the nature of the risk, the Company’s view of the potential size of any loss and the information available to the Company, that analysis may be based upon individually developed cash flow models, internal credit rating assessments, sector-driven loss severity assumptions and/or judgmental assessments" — AGO 10-K, February 23, 2018"

""It’s fundamentally, in my opinion, an engine leasing company." — Source H. "Air Canada owned that shop. Aveos owned that shop. Lockheed Martin owned that shop. And it was always a big struggle. And if you look at Lockheed, that engine shop before Covid was dying, it was dead." — Consultant A. "I'm out last night with the guys from [Bulge Bracket] Bank, everyone is asking questions, like then, and the statements are ‘none of this makes sense.’ And when you really do a deep dive... you can see that, it doesn't make sense." — Consultant A."

""Yeah, well, Intelligent we did last year, it's small more just product oriented and Contact Solutions similar small maybe a few in the quarter, but really small contribution. So to just clarify that we see a part of our land and expense strategy... we generally just focus on the technology and how to bring this technology into our portfolio and of course when we do a larger acquisitions then we provide a complete breakdown of revenue and gross margin and profit, but it's really not applicable in this case." — Doug Robinson – CFO, Verint"

"In 2022, it was identified that certain sale transactions with certain counterparties included the simultaneous execution of a corresponding contract to repurchase the same quantity of goods in the future for logistical purposes. In accordance with IFRS 15, such contracts should not be recorded as revenue from customers as such transactions do not relate to the selling of goods to the end customer. As a result, comparative amounts for revenue and cost of goods sold for 2021 have been similarly represented, with no impact on gross margin."

"Certain information has been excluded from this exhibit because it is both not material and would likely cause harm to the company if publicly disclosed. — Sunnova (regarding investor capital commitment); In application of the law, we inform you that the information relating to the payment periods provided for in article D. 441-6 of the commercial code is not mentioned in the management report. Consequently, we cannot attest to their sincerity and their consistency with the annual accounts. — Auditor (regarding Pramac French subsidiary)"

""you have more facts than I do," — Mr. Hughes; "What if we argue that Arthur Andersen changed its internal policy on this matter?" — Mr. Hughes; "We were mistaken. The audit guide changed in May 1997." — Merrill Lynch; "When our audit opinion was issued, we inquired as to why the language had changed. We understood, based upon explanation by our auditors, that they had simply conformed their opinion language to the new 2001 audit guide. We thought this meant that the guide had changed, thus requiring new opinion language." — Ms. Sweeney"

"The Carl June lab did not receive a Beacon. They were supposed to receive a Beacon...We actually did work internally for UPenn...No, there was never an agreement. — Former BLI employee and scientist; Customers who didn't like it at all, I would say probably Bayer...They had several issues that were mostly related to hardware. They lost a few runs trying to troubleshoot...They lost some precious samples so they were pretty furious...Bayer was evaluating the tool on their premises and then sent it back. — Former BLI employee and scientist"

""Quintis has not amended its profit guidance for 2016-17 because it had not factored any Galderma sales into its expectations, and its contract with the Swiss group did not specify any fixed volume. The company is predicting 2016-17 sandalwood product sales in the range of $45 million to $55 million for the full financial year, up from $29.9 million, it said at its half-year results in February and reiterated in March. Also, "cash EBITDA" will increase by at least 25 per cent on 2015-16, it has stated." — The Australian Financial Review"

"“Health Management’s vision is to lead the hospital industry in quality: Clinical metrics, patient outcomes, and customer service; and achieve top tier in the hospital industry in customer satisfaction for our patients, physicians, and associates.” — HMA vision statement. “For at least 7 of 13 Clinical Process of Care Measures in the CMS 2014 Hospital VBP, Health Management VBP Hospitals’ composite score for the First Grant Year will equal or exceed the Clinical Process of Care Measure National Median.” — HMA Incentive Compensation Plan"

""The implication is clear: Norfolk Southern forced an unnecessary vent and burn of toxic chemicals to clear the tracks and get their trains moving. That greed threatened the health of my constituents—because profits mattered more than our safety." — Congressman Chris Deluzio (D-PA) to WPXI, Mar. 6, 2024; "FRA observes that NS has not promptly or comprehensively responded to FRA’s recommendations and significant findings from the 2022 NS System Audit." — Federal Railroad Administration, FRA 2023 NS Safety Culture Assessment, Aug. 9, 2023"

"We note that Hims engages service providers, including physicians through the Affiliated Medical Groups and partner pharmacies, to provide its telemedicine and prescription services. Please revise the Company Overview to clearly describe the company's relationship with the Affiliated Medical Groups for the provision of its telemedicine services and partner pharmacies for its prescription services, the arrangements governing these relationships, and the regulatory landscape applicable to the company's business model. — SEC Comment Letter"

"LiNiCo plans to commence production later this year, building toward cathode production capacity of about 10,000 tons per year. At just 33% of that rate and 60% of applicable commodity prices, the LiNiCo facility should generate more than $100 million in sales with pre-tax operating income margins exceeding 30%, adding 40 good paying Nevada jobs and making a landmark contribution to Comstock's Environmental, Social and Corporate Governance (“ESG”), Product and Process Stewardship and Climate Smart Mining goals. — Comstock Press Release"

"“What we’d be comfortable saying is we developed a theory of what causes dendrites, a theory that was different from the conventional wisdom, and we were able to empirically validate the theory well enough to allow us to build solid-state separators that work at record-high levels of current density without needing elevated temperatures while delivering >1,000 cycles,” he said. “These are of course, the parameters you need to hit to be useful in real cars, so that’s why this development is interesting and important.” — QuantumScape CEO"

""We will aim to be below 80 percent [operating ratio] in the year 2000. Ambitious goals? Perhaps, but I am convinced that they must be achieved." — Paul M. Tellier, CN’s 1996 Annual Report (April 1997); "With an operating ratio of 62.3% during 1997, Illinois Central is one of the most efficiently operating railroads in North America. As a result, a portion of the anticipated synergies from the Acquisition will be derived from the application of Illinois Central’s ‘best practices’." — CN / IC Merger Debt Securities Prospectus (May 1998)"

"Because 1st Phorm are great marketers. Okay, go look up the two brothers, the two founders of 1st Phorm, they're very good marketers in social media. Very good. I would say even better than Monster because they understand how to market through the social influencers and with Anheuser-Busch and the partnership is making the product and distributing the product. Anheuser-Busch distributors have a vendetta, a vendetta against Monster because they lost it and now a vendetta against KDP (Keurig Dr. Pepper). — Former Monster Employee Opinion"

""The growth of electronic banking and other electronic payment systems is decreasing the demand for checks and consequently causing pricing pressure for our financial supplies business as competitors aggressively compete for share of this shrinking market." — Intuit Prospectus Supplement Filed 3/9/07. "When you combine revenue from Connected Services with other highly predictable sales such as financial supplies and tax desktop software, more than 80% of Intuit's revenue is recurring." — Brad Smith, Intuit CEO, on Q4 2012 Earnings Call"

""No, I've got quite a few patients. And, of the five patients, three of the patients actually asked me about the drug and were really requesting their kids to be on the drug... It would be extremely difficult to be telling parents — look, I'm not saying you shouldn't tell parents, but it would be extremely difficult to tell the parents all these concerns without it having...you need a name to these concerns, and the sooner they can put a letter out, the better." — Division Chief for pediatric endocrinology at a major NE academic center"

""As a growing SaaS Company, we believe cash flow represents the best indicator to our path to profitability." — Q4 2019 Conf Call; "Business at key inflection point with recent launch of Lightspeed Payments." — Q4 2019 Earnings Presentation; "In our press release dated August 7, 2019, we updated the full year 2020 outlook with respect to cash flows used in operating activities... As a result, we are withdrawing the previous outlook that cash flows used in operating activities will be in the range of $9.5 to $11 million." — Q3 2020 MD&A"

"“Let’s See How NuSkin Weaves a Lie”: “At the scene, the reporter found that there were gathered nearly 20,000 people from Taiyuan, Shijiazhuang, Tianjin, and other places. Lights were flashing and speakers were thundering. The conference has several programs including Elite Reward and On-Site Interview. People who were commended went on the stage one by one and shouted loudly to lead audiences to chant slogans. Nearly 20,000 people audiences beat the toy palms in their hands. The atmosphere was heated.” — China People’s Daily (1/15/14)"

"“So what we are looking to build is a vehicle that can have both dual use, civil and defense application that reuses as much as possible from the existing program we have today with a hybrid powertrain” and “we can flex between the civil side and the defense side and give upside to the ability to deliver more aircraft if we’re able to build and there are programs that are in place” — Archer Aviation CEO, Q1 2025 Earnings Call. “This program will build directly on Midnight’s core technology” — Archer Aviation CTO, Q4 2024 Earnings Call."

"GFL will play with its numbers. If one division is outperforming to forecasts, they'll transfer some of those dollars to a division that isn't performing so well to bolster those numbers. An example would be between hauling and transfer stations. They'll allocate the repair/fuel/labor to truck repair and transfer, over to hauling to bolster either P&L to basically suit what the market is looking for. Should they do it, no, do they do it, yes. But that's not unique to GFL; GFL is a special case. GFL is aggressive. — Former GFL Employee"

"GFL will play with its numbers. If one division is outperforming to forecasts, they'll transfer some of those dollars to a division that isn't performing so well to bolster those numbers. An example would be between hauling and transfer stations. They'll allocate the repair/fuel/labor to truck repair and transfer, over to hauling to bolster either P&L to basically suit what the market is looking for. Should they do it, no, do they do it, yes. But that's not unique to GFL; GFL is a special case. GFL is aggressive. — Former GFL Employee"

"“Yes, so I would say certainly, we have been pretty disappointed in a few different cases around the top line expectations that we've set out, as a lot of this evolution that we've been talking about has either taken longer than we originally expected, or we've seen kind of signs of it working really well, when we like hoped, but a lot less consistent globally in certain spots, which has been a drag on the overall growth... We expect revenue growth at that stage to be in the 12% to 18% range.” — CFO Dylan Smith, BoxWorks, October 2019"

""You can setup a clear aligner FDA approved lab in less than a year. Your capital equipment costs between buying three [high-volume] 3D printers and thermoforming machines can be less than $100K to get started. If you add in labor, your total costs in your first year will be less than $200K." — Senior Employee, Major Dental Equipment Supplier; "Our group has a committee looking to get a relationship with one of these [third-party labs] as our own print farm. They seem keen on one or two affiliated with carbon printers." — Orthodontist"

"“We’re number one in about 2/3 of the segments in which we compete...We’re number one in the cement additives business...Number two in concrete admixtures worldwide...We’re number one in a segment of the waterproofing business” — Greg Poling, President & CEO, January 2016. “We have a nimble, very low capital intensity business, and a very flexible footprint...We think these are sustainable advantages...Our margins and return on invested capital are as high as you’ll see in the industry...” — Greg Poling, President & CEO, January 2016."

"It is not a new product or a stand-alone new platform to replace other products. It is instead a vehicle for integrating MSCI's world-leading content and analytics using software powered by Azure. — COO, Q4 2022 / Jan 2023. And that should move us away from some of the legacy platforms, which have been, to a degree, a drag on our growth. — COO, Barclays Conf, May 2023. So MSCI ONE realizes the dream of One MSCI that we've been talking about for maybe about a decade across asset classes, across product lines. — CTO, RBC Conf, Nov 2023."

"The ones who are making some real difference is the companies that invested in, for instance, new ways of doing home renovation. I came across some of the startups or some of the companies in China. They are doing something different. For instance, they will offer a total solution to your home renovation, with different materials and different ways of doing home renovation, which is quite different from that of Shengdu. Shengdu is a service provider. It does not have this kind of technology. I'm pretty negative about this acquisition."

"In China and in emerging markets the level of corporate governance may vary significantly between companies. Corporate governance is important as it provides mechanisms whereby outside investors can protect themselves against expropriation by insiders. Corporate governance can impact on the risks that outside investors may face in respect of any expropriation of assets. These factors together with the size and other market frictions may warrant an adjustment to the cash flow expectations and/or an — Dr. Mardsen, University of Auckland"

"Es ist gar nicht so einfach im Sitzen zu präsentieren. Vielleicht, um grundsätzlich die Herausforderungen unserer Firma ein bisschen zu schildern, lohnt es sich manchmal doch ein bisschen auf die Zahlen zu schauen. Wenn man nur den Umsatz betrachtet... Wenn man die Anzahl der Mitarbeiter betrachtet, wenn man die Ergebnisse, Entwicklung sich ansieht - am Ende auch so etwas wie Marktkapitalisierung - haben wir innerhalb von drei Jahren einen extremen Transformationsprozess und enormen Wandel hingelegt mit der Firma. — Christian Schmalzl"

"... the reagents revenue is tracking with our expected annuity at around $60,000 to $80,000 per box. ... So once the system is contracted commercially, we have a three-month to four-month lag and then we have that consumable churning on — Steve Reichling. ....we continue to see an annuity stream in the range of $45,000 to $65,000 per instrument with U.S. customers at the upper end of the range and EMEA pulling down the overall average. ...Our target for the time from contract signature to go live is four to nine months. — Larry Mehren"

""Under the turnaround Helly Hansen overhauled its management and cut its product lines by a quarter. Working capital fell to a third from more than a half of its sales as it reduced inventories and cut capital spending." — Financial Times (FT); "We focused on the basics of getting cash in as quickly as we could... Quite frankly the first three to four months weren't particularly pleasant... We've taken the business from being a sales-driven company in the last 10 years to a more consumer-focused one" — Paul Stoneham, CEO Helly Hansen"

"“The investor-focused approach keeps Wall Street bullish on Viacom but raises questions about whether creative executives feel comfortable throwing audacious ideas against the wall.... “You have people who are fearful of their jobs and their livelihood, and the chances of someone taking a chance in that scenario are very small,” Mr. Juenger, the analyst, says. Or, as a media executive close to Viacom puts it: “The sense over there is, ‘I like the private plane and I don’t want to get fired.’” — Mr. Juenger and unnamed media executive"

"Management is terrible, they are very unclear with what they want done, always had to play a guessing game with what tasks could be done. people have no clear understanding of who can work in the pharmacy as upper management overstep and delegates tasks to people who are not qualified to do tasks. If something happens and safety is in jeopardy, it is kept a secret from all employees even though they promote an environment where transparency and clear communication happens. — Certified Pharmacy Technician in New Albany, OH (Glassdoor)"

""The Federal Reserve Board has been unable to find any credible purpose for the huge balance sheets built by Fannie and Freddie other than the creation of profit through the exploitation of the market-granted subsidy. Fannie's and Freddie's purchases of their own or each other's mortgage-backed securities with their market-subsidized debt do not contribute usefully to mortgage market liquidity, to the enhancement of capital markets in the United States, or to the lowering of mortgage rates for homeowners." — Alan Greenspan, 5/19/2005"

"As stakeholders in Solvay we demand that the Board of Directors publicly states that the Company commits to bring its Rosignano plant fully in line with the strictest requirements of the UN Sustainable development goals (SDGs), with reference to SDG 14 (“Conserve and sustainably use the oceans, seas and marine resources for sustainable development”) and SDG 14 Target 14.1 (“By 2025, prevent and significantly reduce marine pollution of all kinds, particularly from land-based activities, including marine debris and nutrient pollution”)"

"“I used to be with Novartis in their cell and gene therapy division for five years. As part of the clinical workflow, not the commercial workflow, we used to use Berkeley Lights for certain cell characterization assays and certain early development phases. I believe it was acquired at the end of 2018. This one was in a clinical development pilot line for cell therapies, and they just had a single machine for the cell and gene therapy unit This is for cell line development, particularly for T cell therapies.” — Former Novartis Manager"

"“two companies a week were coming in with the same designs and talking to me about the same things.” — Unnamed new space CEO. “[Apollo Fusion] is a company that has made claim 1 and failed, made claim 2 and failed, and is now building something that everyone else has been building forever.” — Unnamed expert. “I’ve long believed that there has been an amazing opportunity to provide communications satellites, essentially an internet in the sky, with the opportunity to provide internet anywhere and everywhere, fulfilling” — Craig McCaw."

""We plan to meaningfully increase investments in brand building, A&P and new product development to build a base for continued long-term growth." "We've got a very well-defined M&A criteria that always starts with brand building and long-term growth profile. And we think that this is a very good long-term growth opportunity." "So the category and DenTek have had very high single-digit growth trends over the last couple of years and we like the makeup of the competitive environment here." — Ronald Lombardi, CEO, M&A Call, Nov 23, 2016"

"“One factor of the business that the report shows clear lack of knowledge about is related to the relationships between the content partner and service provider. NQ has a very deep and good relationship with Shenzhen and Shanghai carriers. As one of the biggest content partners for Yidatong as clearly disclosed, NQ is required to be notified when there are customer complaints. In order to better facilitate customer support via those channels we leave our contact information with the carriers, in addition to Yidatong.” — Matt Mathison"

"“The Federal Reserve Board has been unable to find any credible purpose for the huge balance sheets built by Fannie and Freddie other than the creation of profit through the exploitation of the market-granted subsidy. Fannie's and Freddie's purchases of their own or each other's mortgage-backed securities with their market-subsidized debt do not contribute usefully to mortgage market liquidity, to the enhancement of capital markets in the United States, or to the lowering of mortgage rates for homeowners.” — Alan Greenspan, 5/19/2005"

"“....we've built our latest DC in Warrensburg, Missouri now with the same systems that St. George allowed us to ship both banners... And so I think where you're going to see it is the new DCs will get to that ability to ship first. And then while you have -- as we shift volume to and from in the network, then we'll have a better opportunity to go back into some of the locations probably on the Family Dollar DC side where they have capacity to shift to Dollar Tree stores...we're working on that.” — Q3 Earnings Call, November 29, 2018"

"American Capital Ltd.'s executive compensation received an F grade in our proprietary pay-for-performance model. The Company paid more compensation to its named executive officers than the median compensation for a group of companies selected using Equilar's market based peer algorithm. The CEO was paid more than the median CEO compensation of these peer companies. Overall, the Company paid more than its peers, but performed moderately worse than its peers. — Glass Lewis, April 8, 2015 Annual Meeting "Pay for Performance" Commentary"

""The latest portfolio restructuring announcement this morning reflects the last in a series of value-creating divestitures which have been consistent with our stated strategy of focusing on a differentiated portfolio...I expect this new company to generate revenue growth at a rate well in excess of global GDP and average EBITDA margins approaching 15%. We will be a strong vibrant $9 billion differentiated chemical company with tens of thousands of different products and formulations." — Peter Huntsman, President & CEO, February 2007"

"I think that if Carvana has the ability to control the volume at which they're ramping, they're much more likely to succeed than if they are putting themselves in a position where they want to ramp to the volume that the market requires or the market wants...if [Carvana] can take their time and grow as they please based on the systems they have in place, there will be challenges, but it's doable. If they have to ramp beyond what they're comfortable with, the only levers you can pull is to spend money. — Former Director of Operations"

""With Kao's world-class brands, the Company can, and should, be a global leader. However, unlocking this potential requires an ambitious, growth-oriented strategy led by an independent and highly-qualified Board. Shareholders now face a clear choice: support the election of outside directors with the expertise needed to drive growth, or maintain the status quo. There is no downside risk -- only the opportunity to strengthen Kao's leadership, focus, and strategic direction." — Seth Fischer, Founder & Chief Investment Officer of Oasis"

""In the restaurant space there are two that are very strong, Toast and Touchbistro. The offerings are very similar. I would say the restaurant products five years ago were not as strong. I think they made a lot of changes but originally, they had trouble competing against those businesses." — Former Lightspeed Employee. "With limited visibility into how quickly the industry may recover, and facing slower than anticipated growth, we now find ourselves in the unenviable position of reducing our headcount." — Toast CEO Chris Comparato."

"“We gotta get Fannie and Freddie out of government ownership. It makes no sense that these are owned by the government and have been controlled by the government for as long as they have. In many cases this displaces private lending in the mortgage markets and we need these entities that will be safe. So let me just be clear we’ll make sure that when they’re restructured they’re absolutely safe and they don’t get taken over again but we gotta get them out of government control.” — US Treasury Secretary Steve Mnuchin on Nov. 30, 2016"

""The storage battery is, in my opinion, a catchpenny, a sensation, a mechanism for swindling the public by stock companies. The storage battery is one of those peculiar things which appeals to the imagination, and no more perfect thing could be desired by stock swindlers than that very selfsame thing. ... Just as soon as a man gets working on the secondary battery it brings out his latent capacity for lying. ... Scientifically, storage is all right, but, commercially, as absolute a failure as one can imagine." – Thomas Edison, 1883"

"Solar panels generate electricity in direct current (DC) form. A number of panels feed an external inverter, which is used to convert the electricity to alternating current (AC). After inversion a transformer will step-up the voltage for export to the grid. Because the inverter is separate from the panels, the total capacity of a solar farm can be measured either in terms of the combined capacity of installed solar panels (measured in DC) or in terms of combined capacity of installed inverters (measured in AC). — Draft EN-3 §2.48.6"

"“However, recently, I don’t know if you caught the announcement from GenScript with their new semiconductor synthesis platform and their ability to make, I think it’s over 8 million unique oligos, which even surpasses Twist’s ability to play in that space. GenScript just came out with a semiconductor manufacturing platform that’s extremely similar to Twist, so I wonder about the future uniqueness of their ability to play in both markets, NGS and synthetic biology, in the five-year stretch.” — Former employee now at a key competitor"

"A: "[Product sales to ELF are] generally speaking, that's [Incoterms: Ex-Works ("EXW")], namely that the manufacturers provide a price to ELF only covering the product, production, etc. That's the commercial language. And sometimes elf will request the FOB, freight on board, to cover the shipment risk. But generally speaking, elf, they will cover all this, to US, but for the manufacturers, they are only responsible for the product production... 'Ex-works' means just the factory door, the factory gate." — Former ELF Shanghai manager"

""The Federal Reserve Board has been unable to find any credible purpose for the huge balance sheets built by Fannie and Freddie other than the creation of profit through the exploitation of the market-granted subsidy. Fannie and Freddie's purchases of their own or each other's mortgage-backed securities with their market-subsidized debt do not contribute usefully to mortgage market liquidity, to the enhancement of capital markets in the United States, or to the lowering of mortgage rates for homeowners." — Alan Greenspan, 5/19/2005"

"Well just to point on Accenture. So, Accenture runs an excellent content moderation business and content moderation, so just keep that in mind. But the major players in the space. So Teleperformance, TTEC, Concentrix. Majorel is one that plays a lot in content moderation. Those are the companies that, I guess, everyone runs into, the Sitel and a few others. So, any Google list of BPOs will give you kind of the brands or the company that everyone is competing against. — Former TASK Marketing Employee (Tegus Interview, July 27, 2021)"