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The chart illustrates a capital allocation framework for fiber networks, categorizing spend into Churn Replacement, Harvest, and Expansion.Crown Castle International Corp. (CCI) · Elliott
Activist deck Activist investor Beat · Solution2 hits
53
The chart illustrates three categories of fiber projects: Churn Replacement, Harvest, and Expansion, showing how yield decreases as annual growth rate increases.Crown Castle International Corp. (CCI) · Elliott
Activist deck Activist investor Beat · Solution2 hits
56
The slide uses a 'Reclaiming the Crown Plan' overlay to highlight the shift in financial performance.Crown Castle International Corp. (CCI) · Elliott
Activist deck Activist investor Beat · Solution2 hits
61
The slide uses a stacked bar chart to visualize the shift in incentive weighting from peer-relative metrics to absolute goals.Crown Castle International Corp. (CCI) · Elliott
Activist deck Activist investor Beat · Solution2 hits
01
Slide 1
This is the first page of a shareholder letter from Elliott Investment Management to Southwest Airlines.Southwest Airlines (LUV) · John Pike
Shareholder letter Activist investor Beat · Situation & Context2 hits
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Uses a before-after framing to highlight the decline in competitive standing.Southwest Airlines (LUV) · Elliott
Activist deck Activist investor Loop · Before After2 hits
12
The slide uses a clear three-part structure to define the activist's demands for governance and strategic change.Southwest Airlines (LUV) · Elliott
Activist deck Activist investor 2 hits
14
The chart highlights that even the 'best-in-class' targets remain conservative relative to historical performance.Southwest Airlines (LUV) · Elliott
Activist deck Activist investor 2 hits
21
The slide uses a bar chart for peer comparison and a waterfall-style bar chart to show the long-term decline in relative unit revenue.Southwest Airlines (LUV) · Elliott
Activist deck Activist investor Beat · Agitate2 hits
27
Uses a 'Failure to Evolve Strategy' vertical banner to frame the problem.Southwest Airlines (LUV) · Elliott
Activist deck Activist investor 2 hits
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The chart uses red bars for negative performance and blue bars for positive performance relative to peers.Southwest Airlines (LUV) · Elliott
Activist deck Activist investor 2 hits
34
The chart highlights the failure of management to meet original 2022 guidance, framing it as a credibility issue.Southwest Airlines (LUV) · Elliott
Activist deck Activist investor 2 hits
51
Includes a watermark for 10Xebitda.com.Southwest Airlines (LUV) · Elliott
Activist deck Activist investor 2 hits
20
Uses a split-screen layout (blue top, red bottom) to visually represent the 'before' and 'after' states.Southwest Airlines (LUV) · John Pike & Bobby Xu
Activist deck Activist investor Loop · Logic Chain2 hits
25
The chart highlights a progression of share price increases from +38% to +87% as EBITDAR margins improve from 15% to 20%.Southwest Airlines (LUV) · John Pike & Bobby Xu
Activist deck Activist investor 2 hits
34
Uses numbered callouts on a line chart to correlate specific events with share price drops.Southwest Airlines (LUV) · John Pike & Bobby Xu
Activist deck Activist investor Loop · Cost Of Inaction2 hits
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Uses an 'EXIT' sign metaphor to suggest investors have lost faith.Southwest Airlines (LUV) · John Pike & Bobby Xu
Activist deck Activist investor Beat · Problem StatementLoop · Cost Of Inaction2 hits
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Includes two distinct tables: a valuation sensitivity analysis and a margin performance comparison.Southwest Airlines (LUV) · John Pike & Bobby Xu
Activist deck Activist investor 2 hits
60
Uses a before-after-bridge framework to contrast current state with proposed future state.Southwest Airlines (LUV) · John Pike & Bobby Xu
Activist deck Activist investor 2 hits
62
Southwest Airlines (LUV)Southwest Airlines (LUV) · John Pike & Bobby Xu
Activist deck Activist investor 2 hits
09
Uses a before-after framing to highlight the decline in competitive standing.Southwest Airlines (LUV) · Elliott
Activist deck Activist investor 2 hits
12
This is a classic activist investor 'demand' slide, framing the path forward as a necessary intervention.Southwest Airlines (LUV) · Elliott
Activist deck Activist investor Loop · Logic Chain2 hits
14
The chart highlights a progression from current performance to 'Best-in-Class' targets, emphasizing that even the highest target remains below historical levels.Southwest Airlines (LUV) · Elliott
Activist deck Activist investor 2 hits
21
The slide uses a waterfall-style trend line to emphasize the widening gap in PRASM performance over a decade.Southwest Airlines (LUV) · Elliott
Activist deck Activist investor Beat · Agitate2 hits
23
Uses a line chart with numbered annotations to correlate specific events with stock performance.Southwest Airlines (LUV) · Elliott
Activist deck Activist investor Beat · Agitate2 hits
27
Uses an 'EXIT' sign metaphor to suggest investors are losing faith.Southwest Airlines (LUV) · Elliott
Activist deck Activist investor 2 hits
28
The chart uses red bars for underperformance and blue bars for outperformance, emphasizing the negative trend.Southwest Airlines (LUV) · Elliott
Activist deck Activist investor 2 hits
45
Southwest Airlines (LUV)Southwest Airlines (LUV) · Elliott
Activist deck Activist investor Beat · SolutionLoop · Before After2 hits
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Uses a before-after-bridge framework to contrast current state with future state.Southwest Airlines (LUV) · Elliott
Activist deck Activist investor Beat · SolutionLoop · Before After2 hits
51
Southwest Airlines (LUV)Southwest Airlines (LUV) · Elliott
Activist deck Activist investor 2 hits