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  "documentTitle": "Huntsman Corporation (HUN)",
  "authorId": "03_Starboard_Value",
  "authorName": "Jeffrey C. Smith",
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  "presentationDate": "2022-03-03 00:00:00",
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  "notes": "The slide uses a 'before-after' style comparison of targets vs actuals to frame the company's failure to deliver.",
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      "kind": "callout",
      "text": "The Company targeted $2.0 billion of Adjusted EBITDA over 2 – 3 years, and MISSED its target by 44%",
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      "text": "Comparison of 2014, 2016, and 2018 Investor Day targets vs actual results",
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      "text": "Adjusted EBITDA: 44%",
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      "kind": "paragraph",
      "text": "The Company has made attractive promises to stockholders at three investor days... Unfortunately, every time the Company has failed to deliver.",
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      "kind": "paragraph",
      "text": "At the Company’s 2018 Investor Day, the Company promised stockholders that Huntsman’s stock price would improve to approximately $60 per share by 2020. This promise not only failed to materialize, but the Company’s stock price had actually declined prior to Starboard’s public engagement with the Company.",
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      "kind": "title",
      "text": "Huntsman Has Failed to Deliver on Promises From Three Consecutive Investor Days",
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      "kind": "title",
      "text": "WE BELIEVE STOCK PRICE PERFORMANCE AND OPERATIONAL EXECUTION REMAIN FRUSTRATINGLY POOR BECAUSE THE BOARD FAILS TO DEMAND ACCOUNTABILITY",
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