{
  "docId": "019dd923-622c-750b-8b9d-701a1b1e61b1",
  "docSlug": "fbbd859563e5",
  "documentTitle": "Huntsman Corporation (HUN)",
  "authorId": "03_Starboard_Value",
  "authorName": null,
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2022-03-08 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 3,
  "pageCount": 90,
  "prevPage": 2,
  "nextPage": 4,
  "slideType": "villain_critique",
  "function": "name_villain",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "Uses strong, accusatory language ('deceive', 'disingenuous', 'mislead', 'fooled') to frame the incumbent management as a villain.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9d-701a1b1e61b1/3",
  "deckHref": "/decks/019dd923-622c-750b-8b9d-701a1b1e61b1",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9d-701a1b1e61b1.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9d-701a1b1e61b1#slide-3",
  "components": [
    {
      "bbox": {
        "h": 0.2,
        "w": 0.9,
        "x": 0.05,
        "y": 0.6
      },
      "kind": "callout",
      "text": "CHANGE IS NECESSARY. Huntsman has proven it is are more than willing to mislead shareholders. We believe this is part of a recurring pattern and the Board has been fooled by these same tactics, resulting in a lack of accountability and poor performance. Our strong, capable, and independent director nominees WILL NOT BE FOOLED by Huntsman’s disingenuous tactics.",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b1d1fd20-d46a-4d75-b11d-98a69100fd61",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.9,
        "x": 0.05,
        "y": 0.16
      },
      "kind": "paragraph",
      "text": "In its recent investor presentation, we believe Huntsman Corporation (“Huntsman” of the “Company”) makes numerous disingenuous and misleading claims to shareholders. If management is willing to mislead shareholders, we believe management may also be willing to mislead the Board. Huntsman NEEDS directors that are experienced and independent enough to hold management accountable.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "19a834bc-16a5-4311-842e-dad93aee2f3f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.3,
        "x": 0.05,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "Source: Public company filings, presentations, and transcripts.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "500e0631-c31a-40c7-9c81-38d323b76a47",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.9,
        "x": 0.05,
        "y": 0.28
      },
      "kind": "table",
      "text": "Huntsman Is Willing to Mislead Shareholders On the Following: Investor Day Promises, Financial Underperformance, Governance and Compensation, Share Price Underperformance, Starboard and its Nominees",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8a85eb5f-29bc-48a8-8fd7-db59ae379dc6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.85
      },
      "kind": "title",
      "text": "We believe management’s willingness to mislead its board and shareholders further emphasizes the dire need for change.",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cf025c8c-020b-469e-9b70-bd1677db4ef3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "We Believe Huntsman’s Willingness to Deceive Both Shareholders and the Board Highlights an Urgent Need For Change",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f7337e10-0053-4ba1-bd4b-fb509fa9032b",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "antagonist-introduction",
      "slug": null,
      "matchId": "75a15b0d-edd5-4a4a-81bc-6724f907886a",
      "evidence": "Explicitly frames management as deceptive and needing replacement by independent nominees.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 5,
      "from": 1,
      "beatId": "80c4b25b-2ec2-4bed-8fe1-b514826441a4",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Call",
      "beatSlug": "overcoming-monster-the-call",
      "evidence": "The document begins by critiquing Huntsman's management and calling for change.",
      "position": 0,
      "confidence": 0.9,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}