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  "documentTitle": "Arconic Inc. (ARNC)",
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  "authorName": "Elliott",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2017-04-11 00:00:00",
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      "kind": "callout",
      "text": "Underperformed index and peers as CEO. TSR as a director of Alcoa (27%) or (123%) vs peers. NO relevant industry EXPERTISE",
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      "text": "Highly conflicted. TSR as a CEO (55%). TSR vs. Proxy Peers since \"Independent\" Director (32%). NO relevant industry EXPERTISE",
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      "text": "Search for a new director did not commence until after Elliott launched its proxy contest...",
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      "text": "Served on HP Board with Dr. Kleinfeld and Ms. Russo. NO RELEVANT INDUSTRY EXPERIENCE",
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      "text": "Worked with Stan O'Neal at Merrill Lynch. NO RELEVANT INDUSTRY EXPERIENCE",
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      "text": "Academic. NO RELEVANT INDUSTRY EXPERIENCE",
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      "text": "CEO presided over demise of Merrill Lynch. NO RELEVANT INDUSTRY EXPERIENCE",
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      "text": "Search for a new director did not commence until after Elliott launched its proxy contest. Mr. Hess replaced Sir Martin Sorrell, who only attended 63% of Arconic's board meetings in 2016 – this would have resulted in an automatic AGAINST recommendation by major proxy advisors. Mr. Hess decided to join the Board after Elliott launched proxy contest and promptly endorsed a failed CEO, which Sir Sorrell has a significant stake, was compensated for Dr. Kleinfeld's wasteful and exorbitantly expensive Jetsons marketing campaign",
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      "text": "Source: Arconic Investor Presentation, March 27, 2017",
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      "text": "No Accountability: Arconic's Board Lacks Critical Skills",
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