Herbalife, Ltd. (HLF)

Pershing Square Capital Management · 2013-04
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SETUP TENSION ANALYSIS EVIDENCE RESOLUTION APPENDIX
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Slide 1
Includes legal citation for pyramid scheme precedent (In re Koscot Interplanetary, Inc.).executive_summary
02
This slide is part of a Pershing Square presentation (Bill Ackman's short thesis on Herbalife).name_villain
Open slide detailBeat · Problem & Complication
03
This is a research note from Pershing Square Capital Management regarding Herbalife.expose_contradiction
Open slide detailBeat · Problem & Complication
04
This is a text-heavy research note slide from a Pershing Square presentation on Herbalife.expose_contradiction
Open slide detailBeat · Expose Contradiction
05
This is a research note page from a Pershing Square presentation, likely part of their short thesis on Herbalife.preempt_rebuttal
Open slide detailBeat · Expose Contradiction
06
The slide uses a 'villain critique' style to frame Herbalife's lack of data collection as evidence of a pyramid scheme.expose_contradiction
Open slide detailBeat · Expose Contradiction
07
This is a text-heavy research note slide from a Pershing Square presentation on Herbalife.name_villain
Open slide detailBeat · Expose Contradiction
08
This is a research note from Pershing Square Capital Management regarding Herbalife. It uses legal precedents and specific examples to build a case for deceptivexpose_contradiction
Open slide detailBeat · Preempt Rebuttal
09
This is a page from a Pershing Square research note criticizing Herbalife's business model.name_villain
Open slide detailBeat · Preempt Rebuttal
10
The slide uses legal precedents and court rulings to build a case against the company's business model.expose_contradiction
Open slide detailBeat · Preempt Rebuttal
11
The slide uses legal precedent (In re Koscot Interplanetary, Inc.) to define market saturation as a key indicator of a pyramid scheme.preempt_rebuttal
Open slide detailBeat · Evidence
12
The slide uses a comparison to Tupperware to highlight the extreme concentration of wealth in Herbalife's model.expose_contradiction
Open slide detailBeat · Evidence
13
This slide serves as a qualitative argument against the company, focusing on human impact rather than financial metrics.diagnose_problem
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Page number 14 included in footer.other