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  "documentTitle": "Huntsman Corporation (HUN)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2022-02-28 00:00:00",
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  "notes": "The slide uses a timeline to frame a narrative of cronyism and value destruction.",
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      "kind": "callout",
      "text": "We believe Mr. Ferrari’s professional and financial interconnects are highly concerning.",
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      "text": "Timeline of Mr. Ferrari's Work Experience",
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      "text": "Mr. Ferrari has spent ~24 years working for Huntsman Directors (Mr. Huntsman and Sir Margetts). More troubling, he recently joined SK Capital after a significant transfer of value from Huntsman to SK Capital.",
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      "text": "Source: Public company filings, LinkedIn, news articles. (1) Mr. Ferrari was appointed to the Huntsman Board effective March 7, 2018. Between that time and Starboard's Schedule 13D filing on September 27, 2021, Huntsman's share price, adjusted for dividends, declined 2%. (2) Proceeds to Huntsman calculated as $100 million received from SK Capital, plus $20 million assuming SK Capital exercises its option to purchase Huntsman's remaining shares, and $20 million from Huntsman's selling a 4% stake in Venator in December 2018.",
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      "text": "In Summary, Mr. Ferrari’s Involvement With Other Huntsman Directors, as Well as SK Capital, Is Highly Concerning",
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