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  "documentTitle": "Arconic Inc. (ARNC)",
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  "authorName": "Elliott",
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  "presentationDate": "2017-04-11 00:00:00",
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  "notes": "The slide uses screenshots of previous company presentations to show that utilization was previously reported and was a significant metric.",
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      "text": "Historically, Arconic/Alcoa disclosed utilization at EPS and GRP. But, beginning in the middle of 2012, Arconic/Alcoa stopped reporting these figures. In conversations with investors, Dr. Kleinfeld insisted that Arconic/Alcoa had never shared its utilization figures and, further that utilization was an unimportant and misleading metric. On both counts, nothing could be further from the truth",
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      "text": "Poor Underlying Performance: Telling That Management Stopped Providing Utilization",
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