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  "notes": "The slide uses a quote from an investor day to frame management as superficial and lacking a real roadmap.",
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      "text": "Please read this meandering explanation of company strategy by Dr. Kleinfeld",
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      "text": "Management's monologue is like an essay from a college student who has read the Cliffs' Notes and knows the buzzwords, but has not read and does not understand the book",
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      "text": "Management's new \"owner mindset\" is a collection of talking points, not a roadmap to building a better business and generating returns for Arconic's shareholders. Management's monologue is like an essay from a college student who has read the Cliffs' Notes and knows the buzzwords, but has not read and does not understand the book. Management is simply faking it, in our view",
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      "text": "\"With Arconic, we also have an opportunity to create a very unique culture. And this chart really shows you what our view of that culture is, particularly important for you. We apply to pretty much everything we do [to an owner's] mindset. We look at this company as though we are the owners...\" — Dr. Klaus Kleinfeld, Arconic Investor Day, 2016",
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      "text": "Incoherent Strategy: How Do Arconic's Activities Support Its Ends?",
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