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  "documentTitle": "Icahn Enterprises | Activist Presentation Deck | 37 slides",
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  "authorName": "Icahn Enterprises",
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  "presentationDate": "2023-04-01 00:00:00",
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      "text": "ALL SHAREHOLDERS SHOULD ASK: WHERE HAS THE BOARD BEEN? WE BELIEVE THE ILMN BOARD HAS GIVEN A NEW MEANING TO THE TERM GROSS NEGLIGENCE.",
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      "text": "The major question is why has the Illumina board allowed CEO Francis deSouza and Chair John Thompson to destroy $50 billion of shareholder value over the last year and a half? What happened to the “duty of care” and “duty of loyalty?”",
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      "text": "Why has the board not considered: Conflicted relationships between Chair John Thompson and a prior owner of GRAIL? Conflicted relationships between GRAIL and the ILMN board and management team? Conflicted financial advisor and lack of fairness opinion? Academic skepticism and criticism regarding GRAIL’s efficacy? Significant fines, tax liability and annual operating losses? Shareholders’ negative reaction to the deal? Poor history of M&A by Chair John Thompson? The lack of independence between CEO and Chair? The immediate disclosure of extra insurance demanded in order to sign the deal?",
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      "text": "If the directors had delved into the many academic criticisms of GRAIL’s efficacy, they would have been worse than negligent to have paid $10 billion, especially in light of the EU’s stated opposition to the deal. But then again they did demand that extra insurance",
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