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  "docSlug": "40ee9cb99aa1",
  "documentTitle": "Huntsman Corporation (HUN)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
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  "presentationDate": "2022-03-02 00:00:00",
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  "pageNumber": 57,
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  "slideType": "peer_gap",
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  "density": "dense",
  "nDataPoints": 128,
  "notes": "The slide uses a red callout box to preemptively rebut the company's potential cherry-picking of data.",
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      "kind": "callout",
      "text": "The Company is arbitrarily selecting the ONLY time period in recent history where relative TSR against performance peers has performed better. We believe this is a blatant attempt to mislead shareholders on the Company's track record of dismal relative TSR.",
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      "text": "TSR: 80%",
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      "text": "When compared against Performance Peers, Primary Peers, the broader chemical industry, and even the S&P 500, it seems clear that the Company has FAILED to create shareholder value across almost every time period.",
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      "kind": "source-note",
      "text": "Source: Bloomberg. (1) Returns are adjusted for dividends. The “Since IPO” period is measured from February 11, 2005 through September 27, 2021, the date of Starboard’s Schedule 13D filing.",
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      "text": "TSR performance table comparing Huntsman to S&P 500, S&P Chemicals, Performance Peers, and Primary Peers across 1-15 year and 'Since IPO' timeframes.",
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      "kind": "title",
      "text": "We believe the Company has had a long and dismal track record of TSR underperformance.",
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      "kind": "title",
      "text": "Huntsman Has Underperformed Its Peers and the Broader Market Across Almost Every Time Period Since IPO",
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