Elliott Takes Stake in Pernod Ricard

The transcript discusses Elliot's extensive activist campaigns over the past 12-18 months, highlighting their impact on companies, including management changes and value enhancement. It explores the potential outcomes of such campaigns, noting that while some succeed, others may not. Elliot's activism is particularly active in Europe and Asia, aiming to push companies to strategize for future growth.

What has been the trend in Elliot's involvement in activist campaigns over the past year?

• He has been involved in a few minor campaigns.

• He has focused solely on campaigns in Asia.

• He has been less active compared to previous years.

• He has been a leading figure in numerous campaigns.

What actions might companies take under activist pressure to enhance value?

• Expand into new markets

• Make disposals and change management

• Invest in new technology

• Increase employee salaries

What has been the recent activity of the company targeted by Elliot?

• It has expanded significantly in Asia.

• It has been highly active with major deals.

• It has focused on internal restructuring.

• It has been dormant with only minor deals.

How do the outcomes of activist campaigns typically vary?

• They always result in increased company value.

• They can either be very successful or not at all.

• They never lead to any significant changes.

• They always lead to management changes.

In which regions has Elliot been particularly active?

• Mainly in South America

• Primarily in Asia and Europe

• Only in North America

• Exclusively in Europe