stock-management-review

# Stock Management Review ## Purpose Read DEF 14A (proxy), Letter to Shareholders, last 4 earnings-call transcripts, and 5-year capital-allocation history with a single question in mind: would I trust this CEO with my money for the next decade? Identify capital allocation skill (buyback timing, M&A discipline), credibility (guidance-vs-actuals), incentive alignment (comp structure), skin-in-the-game (insider ownership and trading), and communication honesty (call transcript style). Output structured Findings on management quality — orchestrator weights this heavily in long-horizon scenarios. ## When To Use - Orchestrator dispatches management review (always-on in Standard / Strict). - User asks "is the management good", "what's the CEO's track record", "are they good capital allocators". ## When NOT To Use - Financial statement analysis → `stock-earnings-quality-review` or `stock-balance-sheet-review` - Business strategy details → `stock-business-review` - Industry positioning → `stock-industry-review` ## Mandatory Gates ### 1) Execution Integrity Gate You must read at least 2 of: latest proxy (DEF 14A), latest annual letter to shareholders, last 4 earnings call transcripts. If fewer than 2 available, return `SKIPPED (insufficient management-disclosure data)`. ### 2) 5-Year-Window Gate Capital allocation is a multi-year discipline. Look at 5 years of cash-flow allocation choices (buybacks, dividends, M&A, capex, debt). A single year is noise. ### 3) Insider-Activity...