Callouts & quotes from 10,384+ activist slides

"The portfolio includes 20 apartment units or villas, of which 3 are completed, and 17 are in various stages of development. Total fair value of these residential projects was EUR 297.8 million as of the date of transaction. — CPI PG 2023 management report"

""[T]he best way to improve the returns attainable by savers was to do what the Fed actually did: keep rates low...so that the economy could recover and more quickly reach the point of producing healthier investment returns." — Ben Bernanke, March 30, 2015"

"“I worked with Nevro for a while, but I had a bad experience with them... Patients hate the Nevro device. That thing is a piece of shit. The explant rate could easily be 50-60%... The company just lies. They're full of it.” — High volume implanter and KOL"

"Yeah, I think there is some placebo effect. Sometimes, I scratch my head about why the people that are on it are on it...Xyrem is like a wow...there's more guilt I feel now, like seeing that rep. — Neurologist and professor at a large academic institution"

"These are strange times in the economic world. Just about everybody has been surprised by the scope and magnitude of the credit crisis and confidence in the financial markets has been severely weakened. However, we just wanted you to know . . . We are OK."

"This assertion is supported by a former employee with knowledge of the product, who told us that the Goldengate software is not doing the heavy lifting on its projects, instead the company's offshore employees are manually performing the bulk of the work."

"“The safety and well-being of patients is of the utmost importance to Pfizer, and we believe this action is in the best interest of patients,” said Aida Habtezion, Chief Medical Officer and Head of Worldwide Medical and Safety at Pfizer. — Aida Habtezion"

""Our relationships with our vendors are very good, I would say. There is some changes happening, but we may disclose that in our 10-K in May." — Mendo Akdag, President and CEO, PetMed Express; "It's a possibility, yes." — Mendo Akdag, CEO, PetMed Express"

"Starboard's average return on a 13D filing is 26.4% (versus an average of 9.7% for the S&P500 during the same time periods). However, when they have received a board seat, their average 13D return has been 34.5% versus 14.8% for the S&P500. — 13D Monitor"

"“We believe PSX's business should justify a premium valuation relative to the group, given its chemical and midstream businesses should warrant a significant multiple uplift when compared to traditional refining assets…” — Raymond James, October 27, 2023"

""Since July 24, 2012, the last day of trading before we announced our updated strategy, Hess shares have increased..." — John Hess, January 28 2013. "You can't judge us on a one-year basis. You have to do it over the long term." — John Hess, January 2010"

"“We believe PSX's business should justify a premium valuation relative to the group, given its chemical and midstream businesses should warrant a significant multiple uplift when compared to traditional refining assets…” — Raymond James, October 27, 2023"

"No one else in the industry uses a 40-year depreciation. The industry standard for pretty much everyone from AT&T to Verizon to CenturyLink to Cogent is generally 20 years. Sometimes 15 but most cases 20. — C-Suite executive from one of GTT's competitors"

"I would say RFID, clearly, we see as an opportunity in across multiple verticals now, not just retail and retail apparel, where it was originally focused and we're clearly seeing opportunities across track and trace and supply chain. — CEO Burns, Q1 2024"

"But when you get to that place at 65, and it's not what you expected. You know what that's called? Devastation. Anxiety. Depression. How many baby boomers wish they were dead because they're so afraid they're going to outlive their money? — WFG Recruiter"

"「スキャンは非常に速いし、解像度もどんどんよくなっています」 — TSMC元幹部. 「ファブにいる私の元同僚の話によれば、レーザーテックに改善を働きかけるために、毎週会議を開いているそうです」 — TSMC元幹部. 「性能を高めて、生産性を上げるために＜中略＞両方が必要です。なぜならば、恣意的に検査枚数を増やせば、検査の精度が落ちます。マスクに描画されている回路が極めて緻密だからです。しかし、KLAは飛躍的に改善しています。スキャンは非常に速いし、解像度もどんどんよくなっています」 — TSMC元幹部."

"Starboard's average return on a 13D filing is 28.9% (versus an average of 8.8% for the S&P500 during the same time periods). However, when they have received a board seat, their average 13D return has been 34.3% versus 13.1% for the S&P500. — 13D Monitor"

"It's a fair statement they are behind schedule. There's a tremendous cost to build this out and the conversion. Either a front or back office conversion would be monumental. To do both at the same time, is almost unheard of. — Former Broadridge Executive"

"We wonder whether this convergence in rates of end-stage renal disease between groups, along with the elevated risk of cardiovascular complication elaborated infra, is the real reason for the abrupt abandonment of the SONAR trial. — Muddy Waters Research"

"“We believe PSX's business should justify a premium valuation relative to the group, given its chemical and midstream businesses should warrant a significant multiple uplift when compared to traditional refining assets…” — Raymond James, October 27, 2023"

"“The Company does not utilize an objective, formula-based approach to setting long-term executive compensation levels. Rather, the compensation committee determines equity grant amounts on a purely discretionary basis.” — Glass Lewis 2011 AOL Proxy Paper"

"Despite his outspoken condemnation of Russia's invasion of Ukraine, calling it "barbaric," even Russian President Vladimir Putin recognized Volozh's extraordinary capabilities, stating that he was a "talented man" entitled to his opinion — Vladimir Putin"

"As of June 30, 2017, we had granted options to purchase 30,375,000 shares of Common Stock. 21,218,612 shares of Common Stock are issuable upon the exercise of options vested as of June 30, 2017, at an exercise price of $0.10 per share — ADOMANI Q217 10-Q"

"Incumbents such as Blackrock's Aladdin, Broadridge, State Street Alpha, SS&C and SimCorp may provide end-to-end systems, but they are single-tenant and cloud-migrated rather than cloud-native or built for the cloud. — Enfusion Draft Registration (7/1/21)"

"Starboard’s average return on a 13D filing is 22.2% (versus an average of 5.0% for the S&P500 during the same time periods). However, when they have received a board seat, their average 13D return has been 27.8% versus 8.4% for the S&P500. — 13D Monitor"

"JDS Uniphase estimates that network capacity can be increased by 1,000 times in the next ten years without adding much equipment to macro towers through a multiplier effect of adding spectrum, carrying voice over LTE (VoLTE), and relying on small cells."

""it is possible that some of our activities, such as stock-option compensation paid to physicians or our practice of loaning equipment to customers at no additional cost, could be subject to challenge under one or more of such laws." — Procept 2023 10-K"

"Starboard's average return on a 13D filing is 22.2% (versus an average of 5.0% for the S&P500 during the same time periods). However, when they have received a board seat, their average 13D return has been 27.8% versus 8.4% for the S&P500. — 13D Monitor"

"Quantumscape incubated at @khoslaventures with 5 time CEO and EIR Jagdeep Singh. Took patient 10yrs to deep technology, bold first product risk but can return the fund and make huge dent in EV consumer experience (2x range, 15min charge)! — Vinod Khosla"

""it was totally made up"; "doesn't exist"; "trying to cover up that it's not there"; "unprecedented amount of pushback"; "outlandish claims"; "are so far removed from reality"; "essentially every scientist"; "flipping out." — Ex-executives and employees"

"“..there will be times when CLR may outspend its internally generated cash flow. However, so long as it is earning the returns on investment in the incremental barrel produced by these borrowings... this should be of minor concern.” — Moody's March 2012"

"Mr. Golub's refocusing of American Express in the 1990s has been called "one of the most impressive turnarounds of a large public corporation in history"(1) and led to over 750% share price appreciation during his tenure — Salomon Smith Barney 4/13/1999"

"Data from Accountability India shows that despite being amongst the highest spending states in India, at current FX rates, the 60k rupees per student that Himachal Pradesh spent in 2017-2018 only amounts to roughly US$ $720, a fraction of U.S. spending."

"Wats, K, et al, The Convergent AF Ablation Procedure: Evolution of a Multidisciplinary Approach to AF Management We extensively reviewed the references used in this study and believe that the characterization of many references was sloppy. — Footnote 13"

"In September 2010 my father was diagnosed with terminal cancer and given a short time to live. I started him on the products and within 3 days he was out of bed and able to walk around the yard. He is still with me today. — Anonymous website testimonial"

"“this is just the registered address, but nobody works here...They all work in Beijing it seems, all of them, this is just the registered address, this is not their workplace, it’s in Beijing” — Manager of the building in which YDT has its headquarters."

""...TWX's last-minute effort raises some awkward questions about the earlier comments of Mr. Parsons about withdrawing from the deal. If buying MGM was too expensive, as he had said, how would he justify an even higher offer later?" — The New York Times"

""I-U-L remember, I told you to write down index universal life. If you can qualify for that baby, your future is brighter than the sun. You need sunglasses to see your future because it's so bright." — Spruce Point Field Research From A Recruiting Agent"

"So I think what you will see is retention will probably actually go up as we go through this phase. And then, we want to get back to active recruiting which is another word for opening new Nutrition Clubs. — Greg Probert, Herbalife Ltd. - President, COO"

"One former employee said media coverage and external perceptions seemed at times to drive the company's roadmap and business strategy, with executives aiming to maintain a steady drumbeat of product and partnership announcements. — Former Porch Employee"

"Viterra, in the ordinary course of business, does not prepare long-term financial projections, and consequently, Viterra could not provide Bunge with illustrative long-term financial projections in connection with the Acquisition — 2023 Proxy Disclosure"

"…花王は競争力のあるグローバルプレーヤーとなり、バイヤスドルフやロレアルなどの成功に続くことができるとオアシスは考えます…パーソナルケア＆化粧品事業に注力することにより、花王は競争力のあるグローバルプレーヤーとなり、バイヤスドルフやロレアルなどの成功に続くことができるとオアシスは考えます。花王に必要なのは、中核ブランドに焦点を合わせ、信頼できるマーケティング・ブランディング・販売戦略に基づき、一貫性のある海外戦略を策定し、意欲的な成長を実現・推進できる経営陣です。 — Oasis Management"

"“they’re under a federal investigation” for “giving kickbacks to different transplant programs...Blade’s getting into trouble...they’re about to get kicked in the teeth.” — CEO of a major OPO (Organ Procurement Organization), longtime industry executive"

"DURING A SURGICAL PROCEDURE TO IMPLANT THE INSPIRE SYSTEM, SHORTLY AFTER PUTTING THE STIMULATION CUFF ON, THE PATIENT CODED AND HIS HEART RATE WENT DOWN TO 28. AN EMERGENCY TEAM RESPONDED IN THE OPERATING ROOM AND PROVIDED TREATMENT. — FDA Safety Report"

"Starboard’s average return on a 13D filing is 22.3% (versus an average of 2.9% for the S&P500 during the same time periods). However, when they have received a board seat, their average 13D return has been 31.6% versus 1.5% for the S&P500. — 13D Monitor"

"Preceding studies have shown that unbilled receivables may lead either to earnings management or accounting fraud and issued warnings for stakeholders to carefully observe unbilled receivables. — Academy of Accounting and Financial Studies Journal, 2019"

"Consolidation in the financial services industry could adversely affect our revenues by eliminating some of our existing and potential clients and could make us increasingly dependent on a more limited number of clients — Broadridge Notable Risk Factors"

"Хотел бы уточнить о возможности размещения четырех сирот из ДНР в вашем отеле 22-27 марта 2026 г. Только вот вывезли их из освобожденных территорий. Милые девочки возрастом 14-17 лет. Красотки! У всех удочерение на финальном этапе, их уже ожидают семьи."

"Starboard’s average return on a 13D filing is 22.2% (versus an average of 5.0% for the S&P500 during the same time periods). However, when they have received a board seat, their average 13D return has been 27.8% versus 8.4% for the S&P500. — 13D Monitor"

""[Herbalife] does not offer participants a viable retail-based business opportunity." — FTC v. Herbalife International of America, Inc., et al. (July 15, 2016). Case No.2:16-cv-05217, Complaint for Permanent Injunction and Other Equitable Relief, at 4."

""[O]ur primary – I would say it's the service bureaus on the high end. We see ADP and Ceridian have a number of larger customers, and that's where our [C]ompan[y's] – the business [is] coming from." — Mitch Dauerman, Ultimate Software, CFO (March 2017)"

""I actually helped set up the multi-layer pouch line, but it just didn't work" — Former employee #1. "The biggest manufacturing hurdle that they need to overcome - that is something they haven't overcome yet, is stacking the cell" — Former employee #2."

"On February 22, 2025, the Company amended its convertible promissory note (the "Second Amended Note") with Google LLC ("Google"), originally entered into on June 22, 2020 (the "Note"), and subsequently amended on November 19, 2020 (the "Amended Note")."

"We are excited to welcome Johns Hopkins Medicine to Vizient and begin working with them on meeting their goal of driving near term and sustainable cost savings as well as improving the quality of care for the patients they serve — Vizient Press Release"

""Because we're such an important part of how our users get work done and we're mission critical to so many business workflows, our churn rates have remained very stable, in the mid-teens, since our IPO." — Ajay Vashee – Chief Financial Officer, Dropbox"

"“20 different companies developing different technologies which have proof of principle or have some business operating that have the potential to compete quite dramatically with Twist.” — Major Twist customer, one of largest genomics centers in Europe"

""[Herbalife] does not offer participants a viable retail-based business opportunity." — FTC v. Herbalife International of America, Inc., et al. (July 15, 2016). Case No.2:16-cv-05217, Complaint for Permanent Injunction and Other Equitable Relief, at 4."

"In 2019, 15.6 percent of young adults aged 19 to 34 were uninsured, higher than the uninsured rate for children under the age of 19 (5.7 percent), other working-age adults 35 to 64 years (11.3 percent), and adults 65 and older (0.8 percent) (Figure 1)."

"We are also able to increase revenue per customer as we introduce new solutions, which have resulted in a compounded annual growth in average revenue for our top 50 customers of 32% from 2017 to 2019. — DoubleVerify Pre-IPO Draft Prospectus (Sept 2020)"

"In its Q2'18 press release, Axon said “We also reclassified some camera seats that were originally booked on-premise but were migrated into the cloud.” However, it did not quantify the impact to Cloud sales, nor did it expound on this issue in the 10-Q"