{
  "docId": "019dd923-622c-750b-8b9d-701a1b1e61b1",
  "docSlug": "fbbd859563e5",
  "documentTitle": "Huntsman Corporation (HUN)",
  "authorId": "03_Starboard_Value",
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  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2022-03-08 00:00:00",
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  "pageNumber": 57,
  "pageCount": 90,
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  "nextPage": 58,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "dense",
  "nDataPoints": 128,
  "notes": "The slide includes a callout box specifically addressing and preempting a potential rebuttal regarding the company's cherry-picked performance metrics.",
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  "slideHref": "/slides/019dd923-622c-750b-8b9d-701a1b1e61b1/57",
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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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      "kind": "paragraph",
      "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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      "kind": "table",
      "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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      "subkind": "data",
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      "componentId": "9ce2a185-e5ef-40e5-8c28-880429aab05f",
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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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      "evidence": "The callout box explicitly addresses and refutes a potential counter-argument regarding cherry-picked time periods.",
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      "beatId": "f31e8a30-2265-44b9-b890-91f1eb8764bc",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Struggle",
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      "evidence": "The document highlights the consequences of Huntsman's management's actions and the need for change.",
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