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  "documentTitle": "Huntsman Corporation (HUN)",
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  "presentationDate": "2022-03-02 00:00:00",
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  "notes": "Uses a before-after framing to highlight the gap between management promises and actual results.",
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      "text": "44% BELOW Target",
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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": "Company Expectations (2014 Investor Day)",
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      "text": "Actual Results Significantly Below Expectations",
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      "text": "Adjusted EBITDA: $2.0B",
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      "text": "At the 2014 Investor Day, the Company targeted achieving $2.0 billion of Adjusted EBITDA by 2016, and not only FAILED to achieve its initial target, but Adjusted EBITDA actually declined in each year following 2014, meaning the Company made no progress towards its goal.",
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      "text": "See Section 4 for additional detail. 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": "Huntsman Also Failed to Execute on Its 2014 Investor Day Promise (Which Is Conveniently Ignored by the Company)",
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