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RESEARCH
NOTES

Mantle Ridge Issues Shareholder Letter: Restoring Integrity is Necessary for Air Products and Chemicals, Inc. to Recover and Return to Prosperity

Details Some of the Company’s Omissions, Obfuscations, and Misleading Statements Concerning Air Products’ Performance, Strategy, and Key Projects


Shareholder-Led Board Refreshment is the Necessary First Step Toward Recovering from Damage Done Over Mr. Seifi Ghasemi’s Last Five Years as Chairman and CEO


Air Products is Not the First Company Led by Mr. Ghasemi to Have Integrity Issues




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