Callouts & quotes from 10,384+ activist slides

"“When you combine all of that with our unrivaled portfolio of valuable businesses, brands and assets and the way we manage them together, Disney has a strong hand that differentiates us from others in the industry.” — Robert A. Iger, Disney CEO & Director, November 2023"

"“When you combine all of that with our unrivaled portfolio of valuable businesses, brands and assets and the way we manage them together, Disney has a strong hand that differentiates us from others in the industry.” — Robert A. Iger, Disney CEO & Director, November 2023"

"Certainly, Methodist is a huge user...yeah, the conflicts with Mark, you can see the obvious one...the Ghobrial relationship is a different flavor to me...it is a little bit different...there are similar backgrounds. — Transplant surgeon at a high-volume academic center"

"“Pretty much, because the aggressive centers are all the ones - or the ones that they would call aggressive centers, we were at very frequently. So, they would say an aggressive center, and it would be like San Diego or Arizona Mayo.” — Former TransMedics OCS specialist"

"I sought Harmony out and said, "Hey, look, dude. I really want to represent you guys.... I'm a very persuasive speaker. I'm passionate about what I do...I'm very enthusiastic, and I can talk to the wall; I can talk to anybody." — Physician and Harmony speaker in Alabama"

"The Mayo study should readout in the first half and as it relates to our placements -- while the successful outcome on the Mayo study could provide additional tailwind, it's not required for us to achieve the 300 to 400 placements that we've guided to. — Lawrence Mehren"

"“the problem is the throughput...they only have two in the production area because the throughput is too slow...it’s not affordable for production demands...it’s not economical.” — Longtime ex-TSMC procurement executive who introduced Lasertec inspection tools into TSMC"

"“Where were the controls?” — Richard David (referencing McDonald’s Scandal). “Bargain Basement” Contract Smells Fishy — Toronto Star. “Garbage In, Garbage Out” — Toronto Star. “Winning Bidder No Stranger To Controversy” — Toronto Star. “Top Mob Boss” — Peter Scarcella."

"Since going public, they have really cut back on pay and recognition to the employees. More and more talented people are leaving because Carvana refuses to recognize the talent they have and match competing companies of the same size. — Anonymous Employee (Mar 4, 2018)"

"Shareholders question operating controls as recent executive compensation leaves more questions than answers: [R]ecent disclosure indicates the CEO was erroneously overpaid and the error led to a $10MM cash bonus in 2014. — Jonathan Bock, Wells Fargo Research 11/5/2015"

"“The general manager of Shenzhen- and Hong Kong-listed GF Securities Co. Ltd. has resigned following a major financial fraud by one of its clients and the failure of one of its hedge funds, triggering massive losses for the brokerage.” — Caixin Global article, Apr 2020"

"After David Einhorn questioned the company on a conference call, Herbalife revised its disclosure to explain that “Earnings” are before expenses. For at least 10 years, Herbalife had not disclosed this fact to its U.S. distributors — Pershing Square Capital Management."

"「証拠は何一つを見せてくれていません。私としては、ロシアのIsteqから導入したあの光源についてとても懐疑的に思っています。現状ではうまくいくはずがないのです。ただの研究所の試作品であって、実用性に乏しく、概念から一歩踏み出した程度です。周辺のハードウェアもできていますが、最終的には実現可能性はないと思います。厄介です。新しい光源でも多くの問題が発生しているのは当然です。非常に厄介な技術です」 — サイマー（のち、ASML）ともう1社で極端紫外線の光源の開発における中心的な役割を果たした人物で、当該分野における名だたる科学者・専門家"

""I'd like to finish our call this morning with our expectations for the remainder of 2019. We're tightening our guidance range for the full year with revenue between $69 million and $71 million and adjusted EBITDA between $2 million and $4 million." — Q3 2019 Conf Call"

"Both Dynetics and security detection and automation businesses, they're doing really quite well. I mean we're ahead of our milestones. We're getting systems converted, people converted to our employee system. And so that's going really, really well — Leidos Management."

"There were 298 blood cultures included in the study, and the Accelerate Pheno system provided a definitive identification result in 218 instances (73.2%). The Accelerate Pheno system provided a definitive and correct result for 173 runs (58.1%). — Peer-reviewed article"

"Volumes delivery, asset utilization and cost management, each require discipline, determination, attention to detail and a mindset that every barrel and every dollar matter. That is the mindset and culture of today's Suncor. — Rich Kruger, Suncor CEO, February 6, 2025"

"Quantumscape claims “extreme low temperature operation” and audaciously implies that its solid-state prototype performs better than conventional liquid Li-ion batteries in cold weather, stating that its retains significant capacity even at -30 °C, equivalent to -22 °F"

""Margin arbitrage is difficult to execute. Capacity must be shifted on extremely short notice, and a core competency must be developed internally to be successful. Even the strongest companies know arbitrage is only ‘worth it’ in certain situations." — Industry Expert"

""Indeed, we consider leadership excellence to be the essential strategic plank of our business model....leadership creates value for all of our stakeholders – guests, investors, employees, vendors and the community." — Darden 2004 Annual Report (Joe Lee's last as CEO)"

""[PCC] generally leverages superb execution for market share gains through pricing strategies and long-term contracts. We believe [PCC] is one of the best operators in our space, as operating margins are generally above peer companies." — Bank of America, June 4, 2014"

"Volumes delivery, asset utilization and cost management, each require discipline, determination, attention to detail and a mindset that every barrel and every dollar matter. That is the mindset and culture of today's Suncor. — Rich Kruger, Suncor CEO, February 6, 2025"

"The Justice Department is committed to holding medical device manufacturers accountable, which includes requiring that they follow all laws designed to ensure that medical devices are safe and effective — Benjamin C. Mizer, Principal Deputy Assistant Attorney General."

""Whenever an entity and its customer agree to change what the entity promises to deliver (i.e., the contract's scope) or the amount of consideration the customer will pay (i.e., the contractual price), there is a contract modification." — Deloitte Accounting Spotlight"

"When you combine all of that with our unrivaled portfolio of valuable businesses, brands and assets and the way we manage them together, Disney has a strong hand that differentiates us from others in the industry. — Robert A. Iger, Disney CEO & Director, November 2023"

"“In the product area, which we’re very proud of, we’re continuing to develop our science-based nutritional supplements to support our mission, which is to provide the best nutrition and weight-management products in the world.” — Michael Johnson, Herbalife CEO, 5/2/07"

"I can tell you right off the bat...they haven't taken any impairments against their balance sheet, so they're probably over-valuing their inventory far greater than it's actually worth...a lot of these companies are sitting on so much inventory.... — Marvell executive"

""We've had three new private equity firms enter the pest control industry. These private equity firms like to make the investment and then just sit on this, and then go out and make a few add on acquisitions before they announce it." — Paul Giannamore, Potomac Founder"

"Cash flows from operating activities increased $43.0 million in the first 13 weeks of 2018 compared to the first 13 weeks of 2017. Higher profits, lower inventories and lower management incentive payouts accounted for the increase in cash provided. — Weis Markets MD&A"

""To set the stage, let's recall where we began. In 2013, Heska was not well positioned for the next 15 years... And I am proud to say that this Heska team made the needed fix to each and every one of these circa 2013 criticisms." — Wilson at Investor Day November 2020"

"Volumes delivery, asset utilization and cost management, each require discipline, determination, attention to detail and a mindset that every barrel and every dollar matter. That is the mindset and culture of today's Suncor. — Rich Kruger, Suncor CEO, February 6, 2025"

""For the years ended December 31, 2024 and 2023, the Company obtained the use of various assets through operating and finance leases, which reduced the level of capital expenditures that would have otherwise been necessary to operate its business." — Limbach 2024 10-K"

"“just entirely unethical,” beginning when the NOP was established: “it’s a big reason why I decided to get out of the company”; “since they purchased aircraft, they were flying in nonlocal teams versus driving the local team.” — Former OCS Specialist who left recently"

"Not good at all!!! We have been in the hospital since Friday!!! Retained fluid all over especially his lungs with potential heart failure. Stopping Vykat aka diazoxide choline for good!!! — A parent's post in the largest Facebook group dedicated to VYKAT XR discussion"

"Among the identified risks, those related to forced labor, indecent working conditions, and human trafficking have been identified as salient in countries where the Group operates, in the Middle East, Asia-Pacific, and Latin America. — Accor SA Vigilance Plan (p. 266)"

"we ... are still going to apply for NTAP program. CMS has not announced when those next round of applications are due. We expect that they'll probably do sometime in October or November. And then the approval would occur a couple of quarters after that. — Larry Mehren"

"The amount of depreciation of property, plant, and equipment, exclusive of amortization related to intangible assets, recognized for the years ended December 31, 2024, 2023, and 2022, was $33.5 million, $25.7 million, and $16.6 million, respectively. — CTO Realty 10-K"

"And so because there wasn't an overlap in terms of our customer base and Passbook was the product that we had, it wasn't going to scale as fast, because the synergies weren't there as fast as we would have wanted it to. — CEO on Passbook, JP Morgan Conf, May 22, 2023"

"Business tax shall be exempted on the income gained from educational labor services provided by the schools, which engage in the education for academic credentials. — Notice Of The Ministry Of Finance And The State Administration Of Taxation On Tax Education Policies"

""Tower counts from the most notable private operators remain low, with each comprising just 1-2% of public tower counts. Tillman was the most active tower company last year, expanding its footprint by 20%. That said, this equates to just ~180 towers." — UBS June 2020"

"Ms. Roll responded that the trading market was thin and not representative of where willing buyers and sellers would discover value. Based on its own analysis of Loewen's situation, Allied had concluded that its internally estimated premium valuation was appropriate."

"We prepared the estimates of reserves which were audited by MM&A, and MM&A reviewed our methodology, assumptions and reserve factors utilized in calculations...MM&A relied on their independent pro-forma economic analysis for ultimate reserve determination — 10-K p.48"

"“Since the CEO transition on November 1, 2015, our team has delivered total shareholder return (“TSR”) of 27%...the weighted average return of the companies where Mr. Peltz serves as a Board member has been only 8%” — Letter From David Taylor to Shareholders, 8/14/17"

"As we are still working through the alignment to our standard operating procedures of one of our Recent Acquisitions, the combined contribution of the Reedsburg Facility acquisition and the Carolina Acquisition negatively impacted our results. — Saputo Q1 2023 Report"

""This [soccer] sponsorship supports retailing with sampling and activation opportunities for our distributors and it will help in recruiting a key target segment of the U.S. population, the stay-at-home mom." — CEO Michael Johnson, Earnings Conference Call, 2/27/2008"

""...the Mailchimp growth story, again, at least when I was there, like revenue was going up into the right, although at a more like measured steady clip. But user growth really was kind of hitting a plateau at the time..." — Former Manager at Mailchimp, Tegus, 2/6/23"

"I thank Phillip for the tremendous contributions he has made during his many years with Cintas. Those of us who have had the privilege of working with Phillip know that Cintas is a better company because of him and he will be missed — Cintas Corporation Press Release"

"It’s amazing how much mindshare Nevro got. They didn’t invent 10kHz high frequency. Medtronic did high frequency studies and they were no better than placebo. It’s just a stimulator like everything else. It’s not a panacea. — Former Medtronic neuromodulation employee"

"So make the product really good, pay more for it seems like a good strategy to me, especially when you're capacity constrained. So that's what I would be focusing on. And I think that they're starting to move that direction with the pricing changes. — Former Employee"

"Improved the Company’s financial health by driving companywide efforts to improve profit margins, reduce debt, secure credit rating, and increase return on capital, positioning the Company to take advantage of future growth opportunities — DuPont 2014 proxy statement"

"The domestic sports industry, first and foremost in this industry, the most important mode is the dealer/agent system. ... So for a brand company, I prefer the agent-distributor model, in which case I can more quickly more regularly receive my revenue stream. — Mr. D"

"I think great looks like, you know, absolute safe performance, personal safe performance, process safety performance, incredible environmental stewardship, strong utilization across all units in each refinery, which means reliability across all units. — Brian Coffman"

"Following a risk-benefit analysis, including consultation with FDA, study investigators, independent expert neurologists, and neuroradiologists, Sanofi determined that the risk to patient safety outweighed the benefit that fedratinib would bring to patients. — Sanofi"

"Consumer NZ has issued a warning to customers of HelloFresh to check their bills as many continue to get charged for meal-kits they have opted to skip. Consumer NZ head of content Caitlin Cherry said the issue has been ongoing for more than three years. — Consumer NZ"

"So the last 12 quarters, which is -- goes as far back in terms of when we've shared that as a public company, the take rate has been between 2% and 2.5%. So a lot of stability there between 2% to 2.5%. That's point one, stability in pricing. — Goldman Conf Sept 2023"

"“Indeed, we consider leadership excellence to be the essential strategic plank of our business model….leadership creates value for all of our stakeholders – guests, investors, employees, vendors and the community.” — Darden 2004 Annual Report (Joe Lee’s last as CEO)"

"“Um so we have um thousands of customers that run jobs on our hardware every week,” — Peter Chapman. “Today, the pricing model is competitive with kind of supercomputing pricing, meaning basically several thousand dollars per hour for compute hours.” — Peter Chapman"

"I’ve done that experiment on the IonQ and from that, I get a general idea of how well it performs because one plus one should give me a two and two plus three should give me a five. — Quantum computing expert; user of IonQ’s machine; quantum computing faculty member"

""Our non-exclusive partnership strategy allows us to integrate with the various digital platforms that people are already using to help manage their diabetes," said Camilla Sylvest, executive vice president of Commercial Strategy & Corporate Affairs at Novo Nordisk."

"According to a PepsiCo manager with whom we spoke, the recently released “Off the Eaten Path” brand bag made with DNMR materials is also made from PLA compounds. Recent DNMR inventory increases in 1Q21 and 2Q21 may also have been related to its launch. — Footnote 25"