Callouts & quotes from 10,384+ activist slides

"They [Chairman Ding Shizhong and Wu Yonghua] have a controlling stake in those companies, in those distributors. ... They have invested in this company. How to say? That is, they call these companies “subsidiaries” or “branch companies”. — Mr. A (former senior ANTA executive)"

"CEO: "What makes WSP so unique in its ability to convert consistently higher net income into free cash flow." CFO: "Cash management will continue to be a focus, and we expect that our free cash flow will annually exceed our net earnings." — CEO and CFO, Analyst Day, March '22"

"“Obviously, the study was not designed to look at the smaller subgroup of highly inflamed tumor or high expression of PD-L1. Basically, that's the reason we are having a study that did not meet its primary endpoint.” — Fouad Namouni, Oncology Development Head at Bristol-Myers"

"We go to market with Google Cloud. We go to market with AWS. We go to market with NVIDIA. So those all look like market partners. So that is -- so we're using a lot of market leverage to be able to expand into these markets very quickly. — CEO Siebel, Wells Fargo, Dec 2, 2021"

"Founded in 1916, Baker Cheese is known for its high-quality mozzarella string cheese, which is sold in all 50 states. Its cheese production has grown aggressively the past 20 years and Baker Cheese is one of the top string cheese companies in the U.S. — Sargento Press Release"

"In 2023, Chevron’s Management Compensation Committee (MCC) reduced Hearne’s compensation “as a consequence of cost and schedule slippage on major capital project in Kazakhstan, capex overrun in the Permian Basin, and safety performance.” — Chevron Corporation Definitive Proxy"

"I think one thing that was really interesting about Virgin was we were a low-cost carrier—at the same time, we were a high-quality product...especially the kind of touch and feel of our product. And I think what that shows is that you can be both of those things. — David Cush"

"In 2023, Chevron's Management Compensation Committee (MCC) reduced Hearne's compensation "as a consequence of cost and schedule slippage on major capital project in Kazakhstan, capex overrun in the Permian Basin, and safety performance." — Chevron Corporation Definitive Proxy"

"There are two commonly accepted structures for independent leadership to balance the CEO role in the boardroom: 1) an independent Chair; or 2) a Lead Independent Director when the roles of Chair and CEO are combined, or when the Chair is otherwise not independent. — BlackRock"

"Lightsource bp is what I call an execution powerhouse. This is a good example of our ability to develop our pipeline at pace. Let me introduce you now to two colleagues from Lightsource bp [...] — Dev Sanyal, EVP, gas and low carbon energy, BP week, September 2020, Appendix 5"

"“Each surgeon, the less skilled they are, the more you watch them struggle...sometimes the whole room – you’ve got a room of 10 people that are like, ‘What the hell is happening over there?’” — Organ procurement technician at a high-volume Northwest academic transplant center"

""We hold Jamie Boychuk's operating ability in the highest regard based on what he and the team accomplished at CSX, and CNI before that." — Deutsche Bank; "We believe Jamie Boychuk is a very viable Chief Operating Officer candidate with a CN/CSX PSR pedigree..." — Susquehanna"

"Adobe said it plans to expand to territories such as Canada, Australia and Western Europe in 2022. Sheldon told Reuters that the processing deal with PayPal is not exclusive, and as Adobe expands further internationally after 2022, it may work with other processors. — Reuters"

"“I was quite bullish and excited about a couple of years ago, and I'm less so now... we have a lot of good therapies already. There's just not a lot of open running room for Wakix in the setting of narcolepsy.” — Physician and professor of neurology at a large academic center"

"“......And then jobs also I want to emphasize because it's also pretty significant. In the past it's been very fast-growing segment, but in the recent months we are starting to see the impact of a - of a slowing down economy as well.” — WUBA Management (Q4 2018 Earnings Call)"

""So, a lot of that build out for tenants, mostly notably Food Hall at Ashford Lane that is going to commence right here later in the third quarter. But we've got some other projects with other tenants at different centers that are also in process." — CTO Q2 2021 Earnings call"

"The KLA leading-edge optical inspection tool costs maybe $40 or $50 million. The SEM tool costs maybe $5 or $7 million...so the financial setup of optical and the CD-SEM is less money. — Longtime, senior semicap equipment executive in Japan who is friendly with Lasertec's CEO"

"One risk I would definitely pay attention to is Avery's IT. The IT structure and organization when I was there I would not describe it as world class. That's one I would watch more than anything. — Spruce Point Interview With A Former Finance and Operations Employee At Avery"

"The combination of energy storage systems paired with the advanced technology of our generators being offered through our global distribution network will accelerate our growth into the fast-growing distributed energy and microgrid markets. — Deal Press Release, Sept 1, 2021"

"Question from Mr. Kiel: In April 2016 Udo Müller is said to have stated that no, the package deal is what is meant, ... which is literally why the company's own asset was acquired from Media Ventures. How and from whom did our company acquire the stake in evidero? — Mr. Kiel"

"Noncash charges associated with [Riot's 2024] onetime grant of approximately $25 million per quarter will drop to approximately $8 million in Q3 2026 and thereafter roll off entirely, significantly reducing noncash stock-based compensation. — Jason Chung, Riot's incoming CFO"

"We continue to expect constant currency sales growth to be in the range of 3% to 5% in fiscal 2017 — Wesco Aircraft. ASG revenues are expected to increase by a mid-single digit percentage — KLX Inc. Within aerospace, we anticipate sales growth ranging from 4% to 6% — TriMas."

"Q: Who would want to buy Dropbox? A: Good question, Microsoft – NO; Google – NO; Facebook – UM WHY? I don't really think it has much strategic value. There's no network effect or synergy effect to buying it for anyone I can think of. — From An Established Industry Competitor"

"“they ask for a really long time”; “always been slower” than competitors like Sigma and Thermo, who deliver in 2-4 weeks vs. Twist at 8-10 weeks; and that simply can’t meet timelines “20% or 30% of the time” — Novartis, a large Twist customer, scientist in a leadership role."

"“...So the relative softness we have in AT&T is not because of pricing, it's not because of our competitive landscape, none of the above. It's just business, fluctuation of discretionary expenses, the most normal thing you can expect.” — Eli Gelman, President and CEO, Amdocs"

"Trade Receivables correspond to uncollateralized gross amounts due from acquirers, processors, merchants and preferred suppliers for services performed that will be collected in less than one year, so they are classified as current — DLocal 2020 Financial Statements Note 16."

"“Elliott sees the progress” — Mr. Lashier (Reuters); “We can be bigger.” — Mr. Lashier (Bloomberg News); “Activist Elliott has accepted Phillips 66's performance goals, CEO Lashier says” — Reuters; “Phillips 66 Hits Back at Elliott Activism in Proxy Filing” — Bloomberg News."

"I can’t understand the basis for the hype; hard for me to point to something that they do that is totally different than anybody else in the industry. a kind of a glorified CRO; similar strain engineering services are widely available from other vendors. — Anonymous customer"

"We capitalize commissions paid to internal sales personnel and agent commissions that are incremental to obtaining customer contracts. We have determined that these commissions are in fact incremental and would not have occurred absent the customer contract. — VRNT FY19 10-K"

"We capitalize commissions paid to internal sales personnel and agent commissions that are incremental to obtaining customer contracts. We have determined that these commissions are in fact incremental and would not have occurred absent the customer contract. — VRNT FY19 10-K"

"Volume Commitment Programs. Our volume commitment programs, such as our IDEXX 360 program, provide customers with a free or discounted instrument or system upon entering into multi-year agreements to purchase annual minimum amounts of products and services. — IDEXX 2020 10-K"

"One former Eurofins U.S. hiring manager – we assume that the U.S. would have the highest compensation expense per employee – stated that Eurofins’ compensation was in “probably like the lowest 5% [for the industry]. It was frankly embarrassing.” — Conversation with Source L."

""no one’s using it anymore in the US"; "really enthusiastic centers that were heavily involved in the trials...have stopped using it"; "I don’t see them having any future in lung"; "just much, much cheaper." — Prominent surgeon, director of leading academic transplant center"

"I was a bit shocked at a 5lb gain! — Vykat discussion group member. even on a lower dose and Lasix she still seemed to have some fluid retention...[she] has been pretty vocal about wanting to stop the Vykat because the swelling hurt her legs. — Vykat discussion group member."

""Descartes' new co-chief executives, Art Mesher and Brandon Nussey, will disclose more information about their strategy in early June, the company said... Descartes' troubles can be traced to a number of sources, people familiar with the company say." — JOC.com, May 30, 2004"

""Morale amongst the salesforce is really low...it's not a happy environment. It's a pretty sour environment...I think there's certainly more pressure...I've heard that they are struggling." — Ex-Harmony territory manager for a large region, previously at Jazz Pharmaceuticals"

"According to Marcus & Millichap’s First Half 2014 Net-Leased Outlook, “Corporate-owned properties can change hands in the low-6 percent range, while franchisee-occupied restaurants will trade at first-year returns approximately 150 basis points higher.” — Marcus & Millichap"

"It's just been a very, very trying week, Fagala told MBJ on March 27. The way a practice runs, especially an orthodontist practice like mine ... you may go from seeing 70-90 patients a day, and then you're able to see three. And, it's a huge change. — Fagala (quoted in MBJ)"

"After all, rules and policies like these only affect the determination whether an organization is a pyramid scheme if they are “enforced and actually serve[s] to deter inventory loading and encourage retail sales.” — Webster v. Omnitrition, 79 F.3d 776, 783 (9th Cir. 1996)."

"The Company is ramping up its U.S. manufacturing facility in Richmond Hill, Georgia with both lines operating at a higher pace. This ramp will enable the Company to better serve the U.S. market and support the Company's ongoing growth. — Caesarstone Q4'15 Results (Feb 2016)"

"Through Our Capital Allocation and Financial Policy Review Process, We Have Established Key Principles to Determine Amounts and Process for Returning Excess Capital to Shareholders on an Ongoing Basis — Sotheby's Capital Allocation and Financial Policy Review, January 2014."

"I think swarms are perhaps more adaptable than Roman legions, because they can quickly readjust to cope with new situations. And I think the same is true for a culture – you just have to accept that a company can no longer be organized in a completely uniform way. — C. Sch."

"Source: Morgan Stanley & Co. estimates as provided to Greenlight in April 2014 and Greenlight calculated adjustments to Morgan Stanley & Co. estimates. Greenlight's adjustments to Morgan Stanley's methods, factors, and calculations were in the sole discretion of Greenlight."

"“my prescribing of Wakix has really started to peter off quite a bit.” ... “it’s just not as effective as we wanted it to be...and I was somebody who was pretty bullish on it...I really liked the idea of it.” — Physician and professor of neurology at a large academic center"

"Although the resulting leverage exceeds the level appropriate for a ‘BBB-’ rating on an ongoing basis, the ratings incorporate S&P's expectations that Cox has the capacity and commitment to reduce consolidated debt to EBITDA within two years to the low-to-mid 4x area. — S&P"

"I have had my inspire for 1.5 years. I am very unhappy with my Inspire. It is impossible to get a good nights sleep with the devise on. It causes severe dry mouth. During the day my tongue does not work correctly. I have difficulty talking. How do I get this devise removed?"

"The Woodlands, TX – Peter R. Huntsman, President and CEO of Huntsman Corporation (NYSE: HUN), announced today that the company has entered into a definitive agreement to acquire the global Textile Effects business of Ciba Specialty Chemicals Inc. for CHF 332 ($253 million)."

"Total IBM R&D spending in 2024 was $7.5bn and quantum computing is a key pillar of IBM research (alongside AI and semiconductors). Even assuming 1% was spent on quantum research it would equate to multiples more than D-Wave has ever generated in annual revenue. — Footnote 1"

"If you look at the reticle space, for EUV...at the end of this year, I was adding up the numbers as CFO, you kind of roll your eyes you go holy -- wow, over $1 billion across multiple products to solve the reticle challenge in terms of R&D investment. — KLA CFO Bren Higgins"

""The y-axis is discharged energy percentage because you know they have only one layer, so it's 70x85-millimeter, so it's about 56 or 60 centimeters square. So, for the entire pouch cell, the total energy is about 200 milliamp-hour." - Leading solid-state battery researcher"

"Watch out for claims that a new battery is high-energy and high-power. Researchers and engineers can design battery materials and electrodes to be suitable for either high-energy or high-power uses, but generally not both. — A guide to deconstructing the battery hype cycle"

""We note that strategic initiatives suggested by Elliott are not necessarily leveraging or detrimental to credit quality. As such, we believe the company could carry out these steps while maintaining an investment grade rating." — J.P. Morgan Credit Research, February 2013"

"Google strikes $60 million deal with Reddit, allowing search giant to train AI models on human posts — MoneyWatch. News Corp Inks OpenAI Licensing Deal Potentially Worth More Than $250 Million — News Corp. OpenAI may pay Reddit $70M for licensing deal — Search Engine Land."

"I'm sure we're going to talk about FDA remediation activities. There is incremental $15 million of spend going towards those activities. Ideally, we're wrapping those up by this year, and that will fall off and be a nice source of leverage for 2026. — iRhythm CEO Blackford"

"Interview with Mr. D: Peng Qingyun, Peng Qingqi these two are brothers. Peng Qingyun should be one of the distributor bosses, but at to which area I don't recall. Peng Qingqi is one of Anta's shareholders. 47:19 G : 彭清云彭清其这两个是兄弟，彭清云这个人是代理商的老板之一，具体哪个区忘记啦。。彭其安踏的股东之一。 — Mr. D"

"“By accepting this Agreement, you acknowledge and agree that Hims & Hers is not a healthcare provider and that by using the Service, you are not entering into a doctor-patient or other health care provider-patient relationship with Hims & Hers.” — HIMS Terms and Conditions"

"“Almost no one reorders... it’s maybe 10%. To get your order in the first place, it’s a months and months wait, you’re angry, and then the thing doesn’t work as promised. ‘6% improvement for $15,000? We’re not going to buy any more of these things.’” — Former XL Employee A"

"The Company currently purchases both off-the-shelf and custom components, including finished circuit boards assemblies and injection-molded plastic components, primarily from suppliers located in the U.S., Mexico, China and Taiwan. — 2017 Annual Report: Filed March 1, 2018"

"if Upwork eliminates half of the Vice Presidents, guts advertisement (and only uses performance marketing), cuts Human Resources by 50%, and simplifies product development, it will end up with a healthier, faster growing, and more profitable organization. — former employee"

"Google strikes $60 million deal with Reddit, allowing search giant to train AI models on human posts — MoneyWatch. News Corp Inks OpenAI Licensing Deal Potentially Worth More Than $250 Million — News Corp. OpenAI may pay Reddit $70M for licensing deal — Search Engine Land."