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  "documentTitle": "Huntsman Corporation (HUN)",
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  "authorName": "Starboard Value",
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  "presentationDate": "2022-03-02 00:00:00",
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  "notes": "The slide uses a Venn diagram to visually demonstrate the discrepancy between two peer groups, supporting the activist's claim of manipulative peer selection.",
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      "kind": "callout",
      "text": "Company also frequently changes Performance Peers every year!",
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      "text": "We believe Huntsman has a pattern of picking different peer sets to fit its desired narrative.",
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      "text": "As detailed in Starboard's presentation filed on February 28, 2022, Huntsman utilizes two significantly different peer sets to benchmark performance and compensation, while also changing its Performance Peers every year.",
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      "text": "Source: Public company filings. (1) Performance Peers and Proxy Peers as detailed in the Company's 2021 Proxy. Please see the Appendix for a more fulsome discussion of peers used in this presentation.",
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      "text": "Beware: Huntsman Has a History of Inconsistency When Selecting Peers to Benchmark Performance",
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