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  "documentTitle": "Arconic Inc. (ARNC)",
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  "notes": "Uses a quote-based attack strategy to undermine leadership credibility.",
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      "kind": "callout",
      "text": "Good leaders share success and take responsibility for failures. At Arconic, the opposite occurs",
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      "text": "Over nearly two years, Elliott has spoken with hundreds of current and former Arconic employees: key talent is leaving, plants are demoralized and pensioners are scared",
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      "text": "Over nearly two years, Elliott has spoken with hundreds of current and former Arconic employees: key talent is leaving, plants are demoralized and pensioners are scared",
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      "text": "\"[Management] is unequaled in its efforts to put a positive spin on bad news by accentuating the positive and eliminating the negative.... [I]f free cash flow looks bad, it will redefine it.... [S]omeday we will write a treatise on the psychology of earnings reports and presentations. And Alcoa will be our case study.... I think Alcoa is one of the more blatant spin doctors.... [N]othing ever looks bad in management's version of the world, where all the news is good news.\"",
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      "text": "\"Alcoa Corporation would not exist if it hadn't been for me basically creating it.\"",
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      "text": "\"Alcoa Corporation would not exist if it hadn't been for me basically creating it.\" — Dr. Klaus Kleinfeld, February 1, 2017; \"[Management] is unequaled in its efforts to put a positive spin on bad news by accentuating the positive and eliminating the negative.... [I]f free cash flow looks bad, it will redefine it.... [S]omeday we will write a treatise on the psychology of earnings reports and presentations. And Alcoa will be our case study.... I think Alcoa is one of the more blatant spin doctors.... [N]othing ever looks bad in management's version of the world, where all the news is good news.\" — Carol Levenson, Director of Research for Gimme Credit, July 11, 2016",
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      "kind": "title",
      "text": "Broken Company Culture: Disingenuous Rhetoric from CEO",
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