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  "documentTitle": "Huntsman Corporation (HUN)",
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  "presentationDate": "2022-02-28 00:00:00",
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  "notes": "Uses a 'before-after' style comparison to highlight management failure.",
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      "text": "The Company made no progress towards its $2.0 billion Adjusted EBITDA target between 2014 and 2016",
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      "text": "Adjusted EBITDA: 44%",
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      "text": "Despite the Company's initial optimism and insistence that $2.0 billion of Adjusted EBITDA was a realistic target, not only did Adjusted EBITDA in 2016 end up 44% below the Company's initial target, but Adjusted EBITDA also declined in each year following 2014, meaning the Company made no progress towards its goal.",
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      "text": "Source: Public company filings and presentations. (1) Pro forma for acquisition of Rockwood's Performance Additives and Titanium Dioxide business, Adjusted EBITDA reflects contribution from the Rockwood asset as if it had been acquired on January 1, 2014.",
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      "text": "Ultimately, the Company Failed to Deliver on Its 2014 Investor Day Promise By an Incredibly Wide Margin",
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