Callouts & quotes from 10,384+ activist slides

"I would say a third of Nevro’s business is driven by these patients that are being pushed into a stimulator by an over-aggressive rep. One-third of patients are the perfect candidate, one-third are 50/50, and one-third aren't good candidates. — Former Nevro district sales manager"

"“Ten years into “Power of One” has yielded... a dominance of snack minded management in charge of execution. The merchandising benefits of [“Power of One”] will not offset the cultural handicaps that it seems to be imposing on the beverage unit” — Credit Suisse research 10/4/2011"

"“Yeah, we blew it out. I, particularly, really blew it out. I had one of my speakers, [name redacted], he just, god, every day he put two people on. He wrote 38 in one quarter. My first bonus check was over 50k for one quarter.” — Ex-Harmony territory manager for an eastern state"

"At the time of these transactions, Chen Dinglong was a significant shareholder in Guangzhou Anda (35%). GZ Anda was a Connected Person at the time under Hong Kong Listing Rules. According to our interview with “Mr. C”, Chen Dinglong is presently in charge of ANTA’s Kingkow brand."

"These concerns about Dr. Kleinfeld’s conduct, and how it will be handled internally at a company he directed until today, are not unfounded given Dr. Kleinfeld’s history at Siemens in Germany of trying to tarnish the reputations of those he viewed as opponents. — Richard B. Zabel"

"It’s the recruiting, meaning bringing new distributors into our company, which is the most vital part of our bloodstream. We bring new distributors in – we grow. It’s that simple. And the company has built its whole reputation, its whole life, on recruiting. — CEO Michael Johnson"

"“In accordance with Party A’s [EDU] fiscal year (beginning on June 1st and ending on May 31st), Party B [the franchisee] shall provide an annual financial report and a report on the status of the school’s operations within 2 months of the end of the fiscal year.” — Section 3.1.3"

"The two separate agreements are designed to meet the risk, return, and regulatory preferences of our partners. Loans sold under the MPSA tend to have higher credit scores and lower losses than loans sold under the MTA. — Carvana 101 - Explainer on Recent Refinancing Transactions"

"Going forward, post-closing, we will convert all DigitalGlobe financials into IFRS and also ensure the financial presentations are consistent with MDA’s. Our preliminary review did not reveal any material inconsistencies in DG’s financials between GAAP and IFRS. — CFO Wirasekara"

"And from 2018 to 2019, children's bicycle sales decreased 7 percent in dollars and 7.5 percent in bikes sold, a drop serious enough that retailers have already goosed prices to make up for lower demand, according to market research firm NPD Group. — Washington Post, June 4, 2019"

"Salary Hikes in the Philippines Might Reach 5.6 Percent Next Year — Esquire Philippines, Oct 2021; India to see higher salaries at 9.3% increase in 2022 — The Economic Times, Oct 20, 2021; Companies plan to give biggest raises in more than a decade — Washington Post, Dec 8, 2021"

"Under the terms of the agreement, Perion acquired all the shares of CIQ for a total consideration of $73.05 million, of which $15 million in cash was paid upon closing, with an additional maximum $11 million will be paid as a retention incentive. — Perion Network Ltd. SEC Filing"

"While earlier investors like Accel, Amadeus, and Meritech will be big winners upon IPO, Wellington won't make a killing. Davda is a shareholder through secondary transactions. He also called ForeScout a "dinosaur" for going public at 17 years old. — Atish Davda, CEO at EquityZen"

"“When the costs to manufacture the assets are greater than (predominant to) the estimated value transferred from Leasing equipment into inventory, the related cash receipt has been recorded as an inflow in net cash (used in) provided by operating activities.” — FTAI Q3 2024 10-Q"

"AIRCRAFT SECURITY AGREEMENT dated as of June 26, 2024 between SETNA AERO LEASE 1, LLC ... and VALLEY NATIONAL BANK, as Security Trustee as Mortgagee IN RESPECT OF TWO AIRBUS A320-214 AIRCRAFT WITH TWO CFM56-5B4/P MODEL ENGINES EACH EACH ON LEASE TO GLOBAL CROSSING AIRLINES, INC."

""Early data has exceeded our expectations, with the advertisers in the pilot seeing substantial returns, often surpassing those from other media channels and, in many cases, experiencing nearly 100% incrementality from our traffic." — APP CEO Adam Foroughi, Q3 2024 earnings call"

"“If you're a student of the history of synthetic biology, there's more than one chapter in Ginkgo's playbook copied from Intrexon... You know how Intrexon ended.” Q: “Is this basically Intrexon 2.0, just to be blunt?” A: “Yeah, I would say so.” — Former senior employee at Ginkgo"

"Yep, it was. {MBP went through three iterations}. So originally it was sold in percentages. Essentially you could buy in percentages, so say 25% of the zip code, 50, a hundred percent. That was the original product that got saturated very quickly. — Former Zillow Senior Employee"

"“Today, other bearing makers can use the same high quality Timken steel in their bearings. For decades, we’ve offered bearing manufacturers a variety of steel grades designed specifically for the unique, and very demanding, requirements of bearing applications.” — Timken Website"

"Such a blanket conclusion does not appear to be supportable. Section 303A.02(a) requires a board to make independence determinations based on all relevant facts and circumstances. — NYSE Listed Company Manual Section 303A Corporate Governance Standards Frequently Asked Questions"

"“several technical challenges and infrastructure gaps that need to be resolved to make EUVL suitable for high volume manufacturing...these gaps relate to...a stable and reliable high power EUV source...” — March 2021 conference paper jointly authored by Ushio and Intel employees"

"“I have met the VP of Intel’s mask operation, a few times.” “yes, of course” “Yes, of course.” — Longtime, senior semicap equipment executive in Japan who is friendly with Lasertec’s CEO; “Of course.” — Former KLA executive in a leadership role in their EUV mask inspection group"

"What truth is there in the accusation by Muddy Waters that there are various transactions with related parties? It cannot be denied that the Ströer Group, just like many other listed companies, also transacts business with related parties. — Schmalzl (quoting Mr. ten Doornkaat)"

"NQ Yu Lin: For example, we have over 3 million searches on our music searching service. The largest music search engine in the world, Shazam, has 10 million searches per day. We predict that our service will exceed Shazam and become the largest music search engine in the world."

"“The closing of bookings in Q3 will have a direct impact on recognized revenue and accordingly, we anticipate our top line for Q4 to end up between $1 million and $1.2 million for the full year revenue of $1.5 million to $1.7 million for 2021.” — CFO, IonQ Q3 2021 earnings call"

"I am opening a 3-D printing center for aligner cases to provide retail aligner lab revenue as another stream of income. I am opening an aligner institute to educate other dentists, recruit dentists to my group, and add new business to the 3-D printing center. — Seth Wasson, DMD"

"Darden also contends that it asked the buyer, Golden Gate Capital, for a shareholder vote on the sale, but that it refused. That position is laughable, of course, because Golden Gate would obviously decline such a vote unless Darden demanded it. — New York Times on May 20, 2014"

"“Factory of the future, we’re going through qualification right now. And we anticipate over the rest of this year we will start to do the initial debugging and testing and running initial runs. So we don’t start shipping revenue until early next year.” — James M. Thorburn (CFO)"

"The recently-enacted Business Assistance Act of 2009, which extended the carry-back period for net operating losses from two to five years, is expected to provide a significant cash refund and tax benefit to us in fiscal 2010. — Matt Appel, CFO of Zales Corp., November 24, 2009"

"Develop long range commodity strategies, manage existing supplier relationships and develop new suppliers as needed. Negotiate supply contracts with local and international suppliers. — LinkedIn Profile of Head of US Supply Chain Excellence at Mettler-Toledo International, Inc."

"We completed the acquisition of OrthoSensor, Inc. (OrthoSensor). OrthoSensor is a leader in the digital evolution of musculoskeletal care and sensor technology for total joint replacement. OrthoSensor is part of our Joint Replacement business within Orthopaedics — Stryker Corp."

""Medical Manager has done a great job in creating an electronic infrastructure that we can use to deploy our e-commerce network in doctors' offices," said David Schlanger, senior vice president at Synetic. "It's a combination that makes great sense." — Tampa Bay Times, May 1999"

"During the fiscal year ended December 31, 2023, Alclear Holdings declared and paid approximately $140.9 million in cash distributions to its members (including tax distributions) to its members (including our Co-Founding Members, and our executive officers). — CLEAR SEC filings"

"assess that the company is indeed delaying payments to suppliers, that the problem is significant enough to bear meaning for the company's overall financial health, and that it is specifically tied to Casino's poor performance in Q3 2015 and since. — Muddy Waters' investigators"

"We aren't going to give you a specific margin target, but it should result in between 100 to 150 bps of margin improvement annually on the pathway to narrow the margin gap with peers and deliver industry competitive margins. — CEO Alan Shaw, Q4 2023 Earnings Call, Jan. 26, 2024"

""We are present in 14 countries. France, South Africa and French-speaking Switzerland currently represent 90% of our activity. But, among our some 2,500 customers, some are present in Italy, the United Kingdom and the United States, in particular." — Serge Sozonoff, iKentoo CEO"

"“it is so hidden – they’re going to enormous lengths...they’re blinding their sales consultants to patients...they’re investing no energy in the patient staying on the drug...none...that’s not a long term play.” — Ex-Harmony territory manager for a large region in the northeast"

"“it is so hidden – they’re going to enormous lengths...they’re blinding their sales consultants to patients...they’re investing no energy in the patient staying on the drug...none...that’s not a long term play.” — Ex-Harmony territory manager for a large region in the northeast"

""they get a dark frame or they get a false defect...it’s light source fluctuation...the brightness is just going to fluctuate just as a function of the physics of the plasma." — Ushio field engineer who maintains light sources on Lasertec ACTIS A150 machines at Intel Oregon fab"

"“Sorry, some of the stuff I really can't share. I have some connections which are very close with Lasertec and that's what I hear from some close connections at Lasertec. But I really can't go into more than that.” — Ex-KLA director of engineering focused on EUV mask inspection"

""It's happening according to all the indications I have, it's happening. Of course, it's happening. It's not bullshit. They are investing tremendously. They committed to Wall Street. It's happening." — Former KLA executive in a leadership role in their EUV mask inspection group"

""The regulator found this service to be customer friendly and in compliance to the license conditions. While our service had passed the test of the regulator, the DoT is reportedly likely to impose penalty on us without any opportunity of personal hearing." — Bharti Airtel CEO"

""From 1997 to 2000, during a period of enormous growth through acquisitions, URI engaged in improper accounting practices involving its valuation of acquired assets, use of acquisition reserves, and accounting for customer relationships." — SEC vs United Rentals Complaint 2008"

"We believe that this deal illustrates CTC's tremendous financial flexibility, and provides a capital cushion to evaluate additional growth verticals, support its investment-grade status, and potentially return additional capital to shareholders. — Brian Morrison, TD Securities"

""The lead independent director or another appropriate director should be available to meet with shareholders in those situations where an independent director is best placed to explain and contextualize a company's approach" — BlackRock Investment Stewardship Global Principles"

""So if we were walking a store right now, and I was walking you through Optimax, Nucore, AquaGuard and our rigid core vinyl, our biggest category, those are all proprietary brands, hard to get and really good technology relative to the competition." — Lang MS Conf. Dec 7, 2022"

"The MPAA (“Motion Picture Association of America”) identifies as major studios Metro-Goldwyn-Mayer Inc., Paramount Pictures Corporation, SPE (including Columbia Pictures and Tristar), The Walt Disney Company, Twentieth Century Fox Film Corp., Universal Studios and Warner Bros."

"In Russia, PepsiCo had an advantage selling beverages beginning in the early 1970s when PepsiCo's CEO (Don Kendall) negotiated a barter agreement that gave PepsiCo the exclusive right to sell cola in the Soviet Union, which lasted until the mid-1980s. — PepsiCo Company History"

""The lead independent director or another appropriate director should be available to meet with shareholders in those situations where an independent director is best placed to explain and contextualize a company's approach" — BlackRock Investment Stewardship Global Principles"

"As legacy technologies transition to digital platforms, we believe Disney can lead the media industry forward. We could not be more excited to partner with Bob and the Board to help create long-term sustainable shareholder value. — Mason Morfit, ValueAct Capital Co-CEO and CIO"

""We have retained substantially all of our clients since inception" — Excerpt From PGNY 2021 10-K; "It would happen, but I can't say how often. Maybe 5% of the time. It was low, but people would switch." — Former Lead Fertility Patient Care Advocate at Progyny, Tegus, 10/13/22"

"The biggest EBIT contributor is Agribusiness oilseed processing. The further down the value chain we go, the higher the unit contribution margin. And the oilseed value chain, in particular, holds significant opportunity for value creation downstream. — CEO, Feb 2017 / May 2017"

"“Here’s what matters... [a]s soon as the judge enters the order, we will be all over the company. If they are not in compliance with the order, we will take action. We will not tolerate what has gone on.” — Lois Greisman, Associate Director, FTC Division of Marketing Practices"

"Every president has been a researcher from Kao, but compared to other companies, it seems that they lack marketing knowledge and management performance (...) the management is unable to provide appropriate marketing direction — Current Employee via Openwork (December 03, 2024)"

"Content costs are not very scalable. The whole idea of Patch was to have local people writing about local stories. This is what brings people to the site. As long as this is the business model, however, you need local bodies on the ground. — Former Patch ad manager, March 2012"

"“Is it unethical? Yes it is.”; “Yes absolutely, we were told to broaden the scope outside the box” – that is, the label; “Yes, that’s definitely off-label for sure. 100%. Did we ever read that in writing? No. Absolutely not.” — Ex-Harmony territory manager for an eastern state"

"“Here’s what matters... [a]s soon as the judge enters the order, we will be all over the company. If they are not in compliance with the order, we will take action. We will not tolerate what has gone on.” — Lois Greisman, Associate Director, FTC Division of Marketing Practices"

"“it’s not for production; it’s for EPL.” — Longtime ex-TSMC procurement executive who introduced Lasertec inspection tools into TSMC. “I want to emphasize that the A150 are going into R&D at the site...mostly R&D.” — Former Lasertec field service engineer at TSMC fab in Taiwan"

"“We are committed to and definitely going to be driving $1 billion in revenue for the full year of FY '22. And obviously, as we get closer to that and we get more obviously near-term data, we'll be much more clear about that run rate.” — CEO Aaron Levie, Q2 2019 Earnings Call"

"“The lines are broken. The line is not continuous. It’s break, break, break. Look at the short lines - each duration is very short. They apply some current and then pulse - apply current, wait, apply current, wait, versus continuously increasing the current.” — Leading expert"