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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": "This is a rebuttal slide where Elliott is annotating an Arconic slide to point out inaccuracies.",
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      "kind": "callout",
      "text": "This is not correct. Arconic's own math shows a $13.8 billion revenue target vs. $12.4 billion achieved. The Company does not discuss EBITDA targets since performance was so poor",
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      "kind": "callout",
      "text": "This historical mix of Arconic's EPS segment was actually superior to PCC. Arconic management has long benchmarked EPS vs. PCC",
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      "text": "This is simply not true. From our very first interaction with the Company, we have cited poor operating performance and poor management credibility as a fundamental driver of poor shareholder returns and low valuation",
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      "kind": "callout",
      "text": "This is simply false and a telling scare tactic. Since current management can't compete, they pretend new management is precluded",
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      "text": "Elliott Has Changed its Views; Elliott's Analysis is Flawed; Elliott Has Not Been Forthcoming",
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      "text": "The Facts: Elliott Changed Its Views, Published Flawed Analyses and Hid Key Facts",
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      "text": "Source: Arconic Investor Presentation, March 27, 2017",
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