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  "documentTitle": "Huntsman Corporation (HUN)",
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  "notes": "The slide uses a chronological sequence of quotes to build a case for management's over-promising.",
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      "text": "The Company repeatedly assured shareholders that $2.0 billion Adjusted EBITDA would be achievable.",
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      "text": "September 2014: John Heskett quote on 2-3 year bridge.",
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      "text": "February 2015: Peter Huntsman quote on beating projections.",
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      "text": "July 2014: Peter Huntsman quote on execution confidence.",
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      "text": "December 2014: Kimo Esplin quote on being on track.",
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      "text": "Adj. EBITDA: $2.0 billion",
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      "text": "\"So as we look at that $2 billion run rate, I don't see any pie in the sky, we have got to go out and double margins in any one product, or have some ridiculous, unrealistic price increase or anything. These are all projects that have been announced...And it is just a question of executing on those...So I feel, today, even more confident in that number than I was when -- in March, when we gave that number to our investors.\" — Peter Huntsman, President & CEO; \"We've spent a lot of time with the investment community talking about a bridge, how we get from where we are to that $2 billion. I think if you dig into those numbers, you'll see that it's certainly achievable in the next 2 to 3 years.\" — John Heskett, VP – Treasury & Planning; \"Our LTM is about $1.4 billion. We have an objective to go to $2 billion of EBITDA. Many of our businesses are sort of at that level...But really, on track we think near term to get to that $2 billion of EBITDA.\" — Kimo Esplin, CFO; \"I would say that we should quite soundly beat the projections that we gave for the $2 billion. Again, we still have a great deal of confidence in the $2 billion number...I think that when we look at the overall composite, we still feel very confident about that.\" — Peter Huntsman, President & CEO",
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      "text": "Source: Public company filings and transcripts.",
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      "text": "Over the Following Twelve Months, the Company Continued to Promise It Would Achieve $2.0 Billion Adj. EBITDA By 2016",
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