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Slide 1
Fluor Corporation (FLR)Fluor Corporation (FLR) · Starboard Value
Conference presentation Activist investor 2 hits
07
The slide uses a line chart to show market growth trends while listing competitors to illustrate market fragmentation.Fluor Corporation (FLR) · Starboard Value
Conference presentation Activist investor Beat · Problem & Complication2 hits
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The slide uses a combination of a bar chart for project losses and a line chart for stock performance to correlate operational failure with market valuation.Fluor Corporation (FLR) · Starboard Value
Conference presentation Activist investor Beat · Evidence & Proof2 hits
15
The slide uses a visual contrast between 'Prior EPCM Players' (greyed out/categorized by distress/exit) and 'Current EPCM Players' (highlighted in green).Fluor Corporation (FLR) · Starboard Value
Conference presentation Activist investor 2 hits
16
The slide uses a line chart to illustrate market size trends while listing logos of competitors to establish the 'fragmented' nature of the market.Fluor Corporation (FLR) · Starboard Value
Conference presentation Activist investor 2 hits
22
The chart uses two distinct median lines for different peer groups. The footer contains a detailed disclaimer regarding methodology and data sources.Fluor Corporation (FLR) · Starboard Value
Conference presentation Activist investor 2 hits
26
The slide uses a process flow to explain the technology, highlighting the modular nature (77MW per module).Fluor Corporation (FLR) · Starboard Value
Conference presentation Activist investor 2 hits
28
The slide uses the performance data to justify a divestment argument by labeling the asset 'non-strategic'.Fluor Corporation (FLR) · Starboard Value
Conference presentation Activist investor 2 hits
29
The slide uses a causal link (arrow) between rising data center power consumption and SMR investment.Fluor Corporation (FLR) · Starboard Value
Conference presentation Activist investor 2 hits
30
The chart highlights a significant valuation gap between Fluor and its peers, with median multiples shown for different peer groups.Fluor Corporation (FLR) · Starboard Value
Conference presentation Activist investor 2 hits
01
Slide 1
Tripadvisor, Inc. (TRIP)Tripadvisor, Inc. (TRIP) · Starboard Value
Conference presentation Activist investor Beat · Situation & Context2 hits
07
The slide serves as a setup for a broader argument about corporate control, using a news clipping as a historical anchor.Tripadvisor, Inc. (TRIP) · Starboard Value
Conference presentation Activist investor Beat · Problem & Complication2 hits
08
Uses news headlines as evidence for the timeline events.Tripadvisor, Inc. (TRIP) · Starboard Value
Conference presentation Activist investor Beat · Problem & Complication2 hits
10
Includes a screenshot of a news article as evidence.Tripadvisor, Inc. (TRIP) · Starboard Value
Conference presentation Activist investor Beat · Problem & Complication2 hits
34
Uses external analyst quotes to build a case against management's R&D execution.Pfizer Inc. (PFE) · Starboard Value
Conference presentation Activist investor Loop · Cost Of Inaction2 hits
42
The slide uses a bracket to aggregate the total M&A spend.Pfizer Inc. (PFE) · Starboard Value
Conference presentation Activist investor Loop · Cost Of Inaction2 hits
43
The slide uses a stacked bar chart to visualize the revenue gap and contribution from various acquisitions.Pfizer Inc. (PFE) · Starboard Value
Conference presentation Activist investor Loop · Cost Of Inaction2 hits
45
The chart uses a stacked bar format to break down the revenue contributions from specific acquisitions (Seagen, Biohaven, GBT, Arena, ReViral).Pfizer Inc. (PFE) · Starboard Value
Conference presentation Activist investor Loop · Cost Of Inaction2 hits
46
The chart highlights two specific Pfizer deal data points (3.3x and 5.1x) against a 10-year industry median of 2.4x.Pfizer Inc. (PFE) · Starboard Value
Conference presentation Activist investor Loop · Cost Of Inaction2 hits
48
The slide uses red annotations and arrows to draw a comparison between the acquisition cost and the projected revenue, framing it as a poor investment decision.Pfizer Inc. (PFE) · Starboard Value
Conference presentation Activist investor Loop · Cost Of Inaction2 hits
58
Uses red arrows to visually emphasize the gap between guidance and actuals, and the subsequent decline.Pfizer Inc. (PFE) · Starboard Value
Conference presentation Activist investor Loop · Cost Of Inaction2 hits
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The slide uses a waterfall-style gap visualization to emphasize the delta between market expectations and company guidance.Pfizer Inc. (PFE) · Starboard Value
Conference presentation Activist investor Loop · Cost Of Inaction2 hits
60
The slide uses quotes from Wolfe, JP Morgan, and TD Cowen to build a case against management.Pfizer Inc. (PFE) · Starboard Value
Conference presentation Activist investor Loop · Cost Of Inaction2 hits
63
The chart uses a visual callout to quantify the 132 percentage point gap between Pfizer and the S&P 500.Pfizer Inc. (PFE) · Starboard Value
Conference presentation Activist investor Beat · Solution (Provide relief)Loop · Cost Of Inaction2 hits
64
The slide uses a table from Pfizer's own Q1-2019 presentation to point out programs marked with 'X' (discontinued) or other delays, framing them as evidence of failure.Pfizer Inc. (PFE) · Starboard Value
Conference presentation Activist investor Beat · Solution (Provide relief)Loop · Cost Of Inaction2 hits
65
Pfizer Inc. (PFE)Pfizer Inc. (PFE) · Starboard Value
Conference presentation Activist investor Beat · Solution (Provide relief)Loop · Cost Of Inaction2 hits
66
The chart highlights Pfizer (PFE) in red, showing it has the lowest return among the peer group.Pfizer Inc. (PFE) · Starboard Value
Conference presentation Activist investor Beat · Solution (Provide relief)Loop · Cost Of Inaction2 hits
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Uses a waterfall-style logic to derive an incremental revenue requirement of $29 billion.Pfizer Inc. (PFE) · Starboard Value
Conference presentation Activist investor Beat · Solution (Provide relief)Loop · Cost Of Inaction2 hits
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Includes a causal flow diagram showing the link between achieving a 38% return and specific 2030 financial outcomes.Pfizer Inc. (PFE) · Starboard Value
Conference presentation Activist investor Beat · Solution (Provide relief)Loop · Cost Of Inaction2 hits
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This is a classic activist investor slide calling for board intervention in capital allocation.Pfizer Inc. (PFE) · Starboard Value
Conference presentation Activist investor Beat · Solution (Provide relief)Loop · Cost Of Inaction2 hits