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  "documentTitle": "Arconic Inc. (ARNC)",
  "authorId": "02_Elliott_Management",
  "authorName": "Elliott",
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  "presentationDate": "2017-04-11 00:00:00",
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  "notes": "Includes a watermark of a hand holding money, reinforcing the 'vote buying' theme.",
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      "text": "In Arconic's 2017 definitive proxy statement, the Company disclosed that they had traded away Company assets in exchange for votes",
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      "text": "The Company has yet to make fulsome public disclosure to resolve concerns regarding the vote buying impropriety",
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      "text": "The Company expects shareholders to believe that 1) Oak Hill agreed to a two-year voting lock-up for free, and 2) Arconic had asked for this voting commitment without the concern of a contested election",
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      "text": "In Arconic's March 13, 2017 definitive proxy statement, reference is made to a previously undisclosed transaction from August 2016, in which the Company locked up the vote of approximately 8.7 million shares of Arconic common stock in exchange for the resolution of potential legal claims against the former owner of Firth Rixson",
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      "text": "In response to Elliott’s request for books and records, the Company refused to comply with the request and stated that “Elliott’s serial press releases here suggest that it already has all the information it needs to communicate with other shareholders about this issue.”",
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      "text": "Arconic’s shareholders have every right to receive a detailed account of this transaction, not only because it speaks to management’s judgment and fitness to continue leading the Company, but we believe is symptomatic of a long and larger pattern of poor decision-making under the aegis of Arconic’s CEO",
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      "text": "Three days after Elliott publically criticized the Company's subversive maneuver, Arconic back-tracked and “waived” the voting commitment in a statement which contradicted its March 13th disclosure and insulted the common sense of Company investors by insisting that “no additional value was given for the commitment” and that “at the time of the agreement there was no pending proxy contest”",
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      "text": "Elliott’s serial press releases here suggest that it already has all the information it needs to communicate with other shareholders about this issue. — Arconic (in response to Elliott’s request for books and records)",
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      "text": "Ethics Concerns: Vote Buying Agreement",
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