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In 2011, Pershing Square began studying Canadian Pacific Railway Limited ("CP") and concluded that it had substantially underperformed relative to its peers with no end in sight.
One of the panelists cited a 2014 study from the Collegiate Learning Assessment - a national college assessment of critical thinking and writing - that found "business, health, and education majors substantially underperformed students in the humanities, sciences, social sciences and engineering" as seniors, even after controlling for students' abilities' levels when entering college.
The recuperation in Mr. Romney's favorability numbers, for instance — if it was somewhat to be expected — also reduces the risk of whatever downside-case scenario there was where Mr. Romney substantially underperformed the economic fundamentals.
The hedge fund has nominated five directors to the 14-member Hess board and is agitating for change, arguing that the company has substantially underperformed its peers by 460 percent over the last 17 years.
In both states, Clinton substantially underperformed pre-election polling.
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Mellman still insists that his polling was accurate and that those clients who followed his advice did quite well, even if the party as a whole underperformed.
India's economy severely underperformed expectations over the past year, and has slowed considerably since 2008, but the government projected strong growth in the coming fiscal year.
The initial run of 92 samples had three that underperformed and required repetition (3 %); however, these samples performed well on a second run.
"Be unpredictable" clearly underperformed other tournament strategies.
"We overpromised and underperformed," Mr. Bossidy said.
Yahoo has "dramatically underperformed," said Moran.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com