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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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      "text": "The CEO saved the Company; Performance has been outstanding; Targets have been achieved; Good governance is valued; Using Company assets to buy proxy votes is acceptable",
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      "text": "Shareholders' investments were decimated, losing nearly 70% of their value; The Company has performed poorly against any peer set over any time period; Billions in dollars of capital has been invested but has generated little or no return; Management's largest acquisition ($3 billion) has been an abject failure; Targets have been missed repeatedly, including all targets in all three businesses for FY 2016; A CEO-centric, consultant-driven, image-obsessed culture has taken hold; Consistent with that imperial culture, a value-creating split (which shareholders and analysts had long demanded) was delayed for almost a decade until Elliott’s stake building had begun; Shareholder rights have been deliberately frustrated by poor corporate governance practices; $128 million in compensation was lavished upon the CEO by the Board; Company assets were used to secure favorable proxy votes",
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