Callouts & quotes from 536+ activist slides

"“We expect companies to... demonstrate the right and well-balanced skillset required for achieving sustainable growth of the company.” — Guidelines for Exercising Voting Rights, (Japanese Equities) (Source)"

"We expect companies to... demonstrate the right and well-balanced skillset required for achieving sustainable growth of the company. — Guidelines for Exercising Voting Rights, (Japanese Equities) (Source)"

"“I was excited when I joined, but after I joined, I realized there was concern if we were going to meet expectations, but that cause evaporated after the Company acquired Peoples.” — Former Employee"

""As a general principle, the current fair value of restricted securities would appear to be the amount which the owner might reasonably expect to receive for them upon their current sale." — ASR 113"

""As Core projected, the Company’s third quarter 2016 results established the bottom of the expected ‘V-shaped’ recovery that the Company expects to continue in 2017." — CLB Q1 2017 earnings release"

"“...we've seen more clients continue to take a wait-and-see approach...” — CEO Jim Breuer; “...we expect to complete a 15 million share conversion of NuScale shares this month...” — CFO John Regan"

"“...we've seen more clients continue to take a wait-and-see approach...” — CEO Jim Breuer; “...we expect to complete a 15 million share conversion of NuScale shares this month...” — CFO John Regan"

"We said to our investors, in return for the privilege of having slightly lower but stable margins, you should expect some very strong, industry-leading revenue growth. — Cognizant, September 2015"

"As you'd expect, we pay a higher designer. Now they have a much higher ticket, better gross margin, better customer interaction, so you get a good return on those investments. — CFO Lang, Q3 2022"

"In August 2021, we received an expected $64.2 million federal income tax refund and a $5.4 million associated interest payment related to a net operating loss (“NOL”) carryback claim — 2021 10-K"

"“Looking at 2010, you can expect more of the same from CP, emphasis on cost management, productivity and the realization of longer-term structural savings.” — Fred Green, Q4 2009 Earnings Call"

"Due to COVID-19 headwinds, this year, we also expect to see continued softness in our professional services bookings and our small business segments... — Dylan Smith, Q2 FY2021 Earnings Call"

"“They have relied on ‘service’ as a differentiator but over time ‘service’ became something the customer expected to do themselves with self-service.” — Former DVP of Business Transformation"

"“Developing this property in the best possible way is the most important thing in my life. I expect to be working on this into my 90s” “There is no price that is acceptable” — Donald Bren"

"Once again, we expect to maintain our full-price selling philosophy and do not anticipate a material change in promotions or markdowns going forward. — CEO Conroy, Q2'23: Oct 26, 2022"

"In only 5 out of 22 categories (27%) scored by the audit did WTRG/Peoples receive a mark that it "Meets Expected Performance Levels". — Pennsylvania Public Utility Commission ("PUC")"

""Oatly's sales were about $110 million in 2018, up from $68 million a year earlier, Petersson says. He expects double that, about $230 million, for 2019." — Bloomberg, July 31, 2019"

""unexpected roadblocks -- such as internal pressures slowing AOL's efforts to make Internet telephone service commercially available -- unfortunately did [materialize]" — Steve Case"

""culture of concealment" — House report on 737 Max crashes; "the desire to meet goals and expectations jeopardized the safety of the flying public" — House report on 737 Max crashes"

""And so what I think you can expect from us is that continued expansion every quarter, every two quarters, the launch of new major categories." — CEO Dudum on Q3 2021 Earnings Call"

""Consistent with the pricing environment we experienced in previous years, we would expect continued unfavorable price reductions of approximately 1%." — Stryker (Jan 27, 2022)"

"(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"

"Yeah. Only good surprises. Really it's a terrific business. We expected 15-plus percent sales growth and we should easily exceed that target in 2019. — Rick Dierker, CFO"

"We continue to expect additions to capital lease lines to be high single digits as a percentage of revenue going forward. — Dropbox Guidance For 2019 (Feb 2019)"

"Amazon's CFO recently commented that the company saved $1 billion on travel in 2020, and while he expects travel to return, it will be at a much lower level."

"“P66 has regularly run afoul of market expectations, has not generated competitive value during the span of Mr. Lashier’s executive service...” — Glass Lewis"

"“EBITDA levels are at a low point and [the Company expects] to see improvements with revenue growth in 2015...” — Yahoo! Management, Q3 2014 earnings call."

"Ultimate Software expects to achieve ~35% – 40% operating margins when it reaches scale and as growth decelerates from ~20%+ per annum — Ultimate Software"

"CEO Cord Christensen stated that he expects the legacy veterinary business, excluding new stores, to support sales growth in the services segment of 25%."

"Overall, revenue growth trends continue to show strength 5-plus weeks into the fourth quarter, and we expect them to continue. — Management (Conf call)"

"The assumptions underlying our full year fiscal 2012 expectations include... ESM license bookings growth in the low 20's — BMC Management (Q4 2011)."

""I told you we had a value creation strategy that works. It's delivering results, and we expect our success to continue." — Fred Green, Analyst Day"

"Real industry revenue is expected to decline at an average annual rate of 1.8% over the next 5 years — Entertainment Properties Trust commentary."

"Importantly, Management Expected 2023 COVID Sales to be the Trough With Sustained Growth Thereafter — Pfizer Q4 2022 Earnings Presentation"

"In March 2018, Dave Francis said that he expected the Medicare business to become cash flow positive “certainly by 2019”. — Dave Francis"

"Kudos to your practice for putting together such a detailed summary of this unexpected and devastating complication. — Dr. Suber Huang"

"Per the Company’s S-4 filing, Bristol-Myers management is expecting strong growth over the next several years. — Bristol-Myers Squibb"

"Management expected doses sold to increase every year after 2023 — Starboard Value (annotating Pfizer Q4 2022 Earnings Presentation)"

"We expect to advance our next program, targeting the p53 R273H hotspot mutation, into lead optimization in the first half of 2021."

"Now it has clearly taken longer and cost a lot more than either we or UBS expected. — Broadridge Management (March 7, 2022)"

"Pfizer management expects these transactions to contribute >$20.5 billion in revenue by 2030. — Pfizer Public Presentation"

"The Oilseed and Cotton joint ventures are expected to be earnings and value accretive from the first year onwards. — Olam"

"we recognize that we did not deliver on expectations we set in the past. — US Foods public letter, dated April 18, 2022"

""It was surprising to see [Strobel] retire so early – I don't think that was expected." — Former Employee, Hill-Rom"

"The entire Union Pacific team recognizes that 2022 did not beat expectations. — UNP on its Q4'22 earnings call"

""Taubman reported metrics that were ahead of our expectations in almost all respects" — Green Street Advisors"

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

""Insanity is doing the same thing over and over again and expecting different results" — Albert Einstein"

"The Company expects to replace that director, as it has done in the past — Taubman Centers, Inc. filing"

"“The overall loss in India is expected to be $2 million to $3 million in 2019.” — Q1’19 conf call"

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

"“Moving forward, we expect capital expenditures to approximate 3% of revenue.” — Concentrix"

"IonQ Triples Expectation for 2021 Contract Bookings — IonQ Press Release, Sep 9, 2021"

"Many of the expected tailwinds didn't materialize. — CEO James Harrison"

"Stride Shares Drop 26% After Wider-Than-Expected 1Q Loss — Dow Jones"

"“with very few expectations” — CEO Conroy"