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  "documentTitle": "Arconic Inc. (ARNC)",
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  "notes": "The slide uses a quote to frame management as dishonest, supporting an activist narrative of poor leadership.",
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      "text": "Not only does management eschew responsibility for the Company's poor performance, it shockingly insists that Arconic's performance has in fact been excellent",
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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": "\"[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 31, 2016",
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      "text": "Source: www.post-gazette.com/business/pittsburgh-company-news/2016/08/01/Len-Boselovic-s-Heard-off-the-Street-Does-Dale-Carnegie-write-Alcoa-s-earnings-news/stories/201607310110",
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      "text": "Broken Company Culture: Disingenuous Rhetoric from CEO",
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