{ "kind": "all", "value": "all", "collectionKey": "slides:all:all:all-document-kinds:all-producers:all-orientations", "filters": { "documentKinds": [], "sourceTypes": [], "orientations": [] }, "total": 319975, "page": 2220, "pageSize": 60, "pageCount": 5333, "rows": [ { "docId": "019dd923-622c-750b-8b9b-2147ff221cca", "docSlug": "bb5ffbd460bf", "documentTitle": "Borders Group, Inc. (BGP)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-11-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 32, "slideType": "key_takeaways", "function": "size_opportunity", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-2147ff221cca/32", "deckHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca#slide-32", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-2147ff221cca", "docSlug": "bb5ffbd460bf", "documentTitle": "Borders Group, Inc. (BGP)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-11-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 33, "slideType": "other", "function": "establish_context", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-2147ff221cca/33", "deckHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca#slide-33", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-2147ff221cca", "docSlug": "bb5ffbd460bf", "documentTitle": "Borders Group, Inc. (BGP)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-11-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 34, "slideType": "problem_statement", "function": "diagnose_problem", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-2147ff221cca/34", "deckHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca#slide-34", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-2147ff221cca", "docSlug": "bb5ffbd460bf", "documentTitle": "Borders Group, Inc. (BGP)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-11-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 35, "slideType": "kpi_overview", "function": "analyze_data", "notes": "The slide highlights a significant performance decline in the mall segment.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-2147ff221cca/35", "deckHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca#slide-35", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-2147ff221cca", "docSlug": "bb5ffbd460bf", "documentTitle": "Borders Group, Inc. (BGP)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-11-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 36, "slideType": "propose_solution", "function": "propose_solution", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-2147ff221cca/36", "deckHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca#slide-36", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-2147ff221cca", "docSlug": "bb5ffbd460bf", "documentTitle": "Borders Group, Inc. (BGP)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-11-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 37, "slideType": "valuation_reveal", "function": "quantify_opportunity", "notes": "The slide uses a 'worth more dead than alive' framing to argue for liquidation or divestiture based on capital efficiency.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-2147ff221cca/37", "deckHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca#slide-37", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-2147ff221cca", "docSlug": "bb5ffbd460bf", "documentTitle": "Borders Group, Inc. (BGP)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-11-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 38, "slideType": "cover", "function": "front_matter", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-2147ff221cca/38", "deckHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca#slide-38", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-2147ff221cca", "docSlug": "bb5ffbd460bf", "documentTitle": "Borders Group, Inc. (BGP)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-11-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 39, "slideType": "kpi_overview", "function": "analyze_data", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-2147ff221cca/39", "deckHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca#slide-39", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-2147ff221cca", "docSlug": "bb5ffbd460bf", "documentTitle": "Borders Group, Inc. (BGP)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-11-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 40, "slideType": "key_messages", "function": "diagnose_problem", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-2147ff221cca/40", "deckHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca#slide-40", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-2147ff221cca", "docSlug": "bb5ffbd460bf", "documentTitle": "Borders Group, Inc. (BGP)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-11-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 41, "slideType": "valuation_table", "function": "analyze_data", "notes": "The slide compares NWC to EBITDA to suggest liquidation value might exceed operational value.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-2147ff221cca/41", "deckHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca#slide-41", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-2147ff221cca", "docSlug": "bb5ffbd460bf", "documentTitle": "Borders Group, Inc. (BGP)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-11-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 42, "slideType": "section_divider", "function": "transition", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-2147ff221cca/42", "deckHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca#slide-42", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-2147ff221cca", "docSlug": "bb5ffbd460bf", "documentTitle": "Borders Group, Inc. (BGP)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-11-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 43, "slideType": "kpi_overview", "function": "analyze_data", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-2147ff221cca/43", "deckHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca#slide-43", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-2147ff221cca", "docSlug": "bb5ffbd460bf", "documentTitle": "Borders Group, Inc. (BGP)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-11-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 44, "slideType": "nominee_bio", "function": "introduce_nominees", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-2147ff221cca/44", "deckHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca#slide-44", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-2147ff221cca", "docSlug": "bb5ffbd460bf", "documentTitle": "Borders Group, Inc. (BGP)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-11-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 45, "slideType": "section_divider", "function": "transition", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-2147ff221cca/45", "deckHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca#slide-45", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-2147ff221cca", "docSlug": "bb5ffbd460bf", "documentTitle": "Borders Group, Inc. (BGP)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-11-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 46, "slideType": "valuation_table", "function": "present_solution", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-2147ff221cca/46", "deckHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca#slide-46", "loopMatches": [ { "to": 47, "from": 46, "name": "Quick Win Big Bet", "slug": "47-quick-win-big-bet", "bestFor": "Transformation planning, 100-day plans, resource allocation", "matchId": "78897b25-0ba4-48f3-a87b-7c649b0f9dc2", "evidence": "The presentation uses a quick-win-big-bet loop to emphasize the investment potential", "position": 1, "objective": "Highlight the potential for Borders to achieve a 72% premium to the current price", "structure": "The Full List -> Quick Wins (Low effort, High impact) -> Big Bets (High effort, High impact) -> Sequenced Roadmap", "confidence": 0.6, "description": "Separate initiatives into immediate wins and longer-term strategic bets" } ], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-2147ff221cca", "docSlug": "bb5ffbd460bf", "documentTitle": "Borders Group, Inc. (BGP)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-11-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 47, "slideType": "valuation_table", "function": "show_valuation_bridge", "notes": "The slide uses a sum-of-the-parts valuation approach to derive a target share price.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-2147ff221cca/47", "deckHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca#slide-47", "loopMatches": [ { "to": 47, "from": 46, "name": "Quick Win Big Bet", "slug": "47-quick-win-big-bet", "bestFor": "Transformation planning, 100-day plans, resource allocation", "matchId": "78897b25-0ba4-48f3-a87b-7c649b0f9dc2", "evidence": "The presentation uses a quick-win-big-bet loop to emphasize the investment potential", "position": 1, "objective": "Highlight the potential for Borders to achieve a 72% premium to the current price", "structure": "The Full List -> Quick Wins (Low effort, High impact) -> Big Bets (High effort, High impact) -> Sequenced Roadmap", "confidence": 0.6, "description": "Separate initiatives into immediate wins and longer-term strategic bets" } ], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-2147ff221cca", "docSlug": "bb5ffbd460bf", "documentTitle": "Borders Group, Inc. (BGP)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-11-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 48, "slideType": "valuation_table", "function": "show_valuation_bridge", "notes": "The slide calculates valuation multiples for 2008E based on a $36 share price, adjusting for specific equity value components.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-2147ff221cca/48", "deckHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca#slide-48", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-2147ff221cca", "docSlug": "bb5ffbd460bf", "documentTitle": "Borders Group, Inc. (BGP)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-11-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 49, "slideType": "peer_benchmark", "function": "compare_peers", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-2147ff221cca/49", "deckHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca#slide-49", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-2147ff221cca", "docSlug": "bb5ffbd460bf", "documentTitle": "Borders Group, Inc. (BGP)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-11-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 50, "slideType": "transition", "function": "transition", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-2147ff221cca/50", "deckHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca#slide-50", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-2147ff221cca", "docSlug": "bb5ffbd460bf", "documentTitle": "Borders Group, Inc. (BGP)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-11-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 51, "slideType": "key_takeaways", "function": "summarize", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-2147ff221cca/51", "deckHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca#slide-51", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-2147ff221cca", "docSlug": "bb5ffbd460bf", "documentTitle": "Borders Group, Inc. (BGP)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-11-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 52, "slideType": "key_takeaways", "function": "summarize", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-2147ff221cca/52", "deckHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca#slide-52", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-2147ff221cca", "docSlug": "bb5ffbd460bf", "documentTitle": "Borders Group, Inc. (BGP)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-11-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 53, "slideType": "cover", "function": "front_matter", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-2147ff221cca/53", "deckHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-2147ff221cca#slide-53", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 1, "slideType": "cover", "function": "front_matter", "notes": null, "imagePath": "https://imgproxy.kitesheet.com/kLFCn55AsEolV4LuPbD0vG_E7oWJwOvGR2DMCoI_xmU/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy81YWU1OTU3MjAzYWEvcDAwMS5qcGc", "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/1", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-1", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": "https://imgproxy.kitesheet.com/YN8UDmQAoEbQvJ_GZ8E1H9mc7nLSEMgxLN35OdMJhig/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy81YWU1OTU3MjAzYWEvcDAwMS5wbmc", "thumbSrc": "https://imgproxy.kitesheet.com/Y3Rai1eL-ZkYMBtncI3SAvt641pdyUUno5zEfhqJVDk/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy81YWU1OTU3MjAzYWEvcDAwMS5qcGc", "thumbSrcAlt": "https://imgproxy.kitesheet.com/Mhsey7JirrPdN_yrnitx-zvOCTcLSD4olH5J6Mdmg04/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy81YWU1OTU3MjAzYWEvcDAwMS5wbmc" }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 2, "slideType": "disclaimer", "function": "other", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/2", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-2", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 3, "slideType": "agenda", "function": "front_matter", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/3", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-3", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 4, "slideType": "timeline", "function": "establish_context", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/4", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-4", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 5, "slideType": "key_messages", "function": "state_demand", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/5", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-5", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 6, "slideType": "section_divider", "function": "transition", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/6", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-6", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 7, "slideType": "problem_statement", "function": "diagnose_problem", "notes": "The slide uses a diagnostic approach to identify why a subsidiary is underperforming relative to franchisees.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/7", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-7", "loopMatches": [], "arcBeatMatches": [ { "to": 9, "from": 7, "beatId": "9522bd4c-55c2-4181-95cd-eb0d4c9d4496", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The document identifies the problem with McDonald's operating performance.", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 8, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The slide highlights the performance gap between company-owned and franchised units, adjusted for market rent and franchise fees.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/8", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-8", "loopMatches": [], "arcBeatMatches": [ { "to": 9, "from": 7, "beatId": "9522bd4c-55c2-4181-95cd-eb0d4c9d4496", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The document identifies the problem with McDonald's operating performance.", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 9, "slideType": "problem_statement", "function": "diagnose_problem", "notes": "Part of an activist investor deck targeting McDonald's.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/9", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-9", "loopMatches": [], "arcBeatMatches": [ { "to": 9, "from": 7, "beatId": "9522bd4c-55c2-4181-95cd-eb0d4c9d4496", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The document identifies the problem with McDonald's operating performance.", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 10, "slideType": "propose_solution", "function": "propose_solution", "notes": "The slide uses a process flow diagram to illustrate the capital allocation strategy.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/10", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-10", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 11, "slideType": "section_divider", "function": "transition", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/11", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-11", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 12, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a 'Pershing' perspective to frame the conflict as a systemic issue.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/12", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-12", "loopMatches": [], "arcBeatMatches": [ { "to": 15, "from": 12, "beatId": "2506666e-8b1e-4de2-b148-b018682ec947", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The document agitates the problem by highlighting the contradictions in the McDonald's system.", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 13, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a callout box to detail a specific failure case ('Made for You') to illustrate the broader point about poor decision-making processes.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/13", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-13", "loopMatches": [], "arcBeatMatches": [ { "to": 15, "from": 12, "beatId": "2506666e-8b1e-4de2-b148-b018682ec947", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The document agitates the problem by highlighting the contradictions in the McDonald's system.", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 14, "slideType": "key_messages", "function": "summarize", "notes": "The slide presents two specific points (4 and 5) from a larger list of franchisee feedback.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/14", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-14", "loopMatches": [], "arcBeatMatches": [ { "to": 15, "from": 12, "beatId": "2506666e-8b1e-4de2-b148-b018682ec947", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The document agitates the problem by highlighting the contradictions in the McDonald's system.", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 15, "slideType": "key_messages", "function": "summarize", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/15", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-15", "loopMatches": [], "arcBeatMatches": [ { "to": 15, "from": 12, "beatId": "2506666e-8b1e-4de2-b148-b018682ec947", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The document agitates the problem by highlighting the contradictions in the McDonald's system.", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 16, "slideType": "section_divider", "function": "transition", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/16", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-16", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 17, "slideType": "propose_solution", "function": "present_solution", "notes": "The slide uses a hierarchical organizational chart to illustrate a proposed corporate restructuring.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/17", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-17", "loopMatches": [], "arcBeatMatches": [ { "to": 44, "from": 17, "beatId": "80372130-4d11-441b-a4bc-6c678b9b2ece", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes solutions to improve McDonald's operating performance and unlock shareholder value.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 18, "slideType": "thesis_headline", "function": "summarize", "notes": "The slide uses a callout box to emphasize the rarity of the business model.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/18", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-18", "loopMatches": [], "arcBeatMatches": [ { "to": 44, "from": 17, "beatId": "80372130-4d11-441b-a4bc-6c678b9b2ece", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes solutions to improve McDonald's operating performance and unlock shareholder value.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 19, "slideType": "propose_solution", "function": "propose_solution", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/19", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-19", "loopMatches": [], "arcBeatMatches": [ { "to": 44, "from": 17, "beatId": "80372130-4d11-441b-a4bc-6c678b9b2ece", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes solutions to improve McDonald's operating performance and unlock shareholder value.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 20, "slideType": "comparison_table", "function": "analyze_data", "notes": "The slide uses a before-and-after adjustment to reclassify EBITDA, highlighting the underlying value of the brand versus company-operated restaurants.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/20", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-20", "loopMatches": [], "arcBeatMatches": [ { "to": 44, "from": 17, "beatId": "80372130-4d11-441b-a4bc-6c678b9b2ece", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes solutions to improve McDonald's operating performance and unlock shareholder value.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 21, "slideType": "thesis_headline", "function": "frame_problem", "notes": "The slide uses a provocative thesis to challenge the market's valuation of the company as a restaurant operator.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/21", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-21", "loopMatches": [], "arcBeatMatches": [ { "to": 44, "from": 17, "beatId": "80372130-4d11-441b-a4bc-6c678b9b2ece", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes solutions to improve McDonald's operating performance and unlock shareholder value.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 22, "slideType": "valuation_reveal", "function": "show_valuation_bridge", "notes": "Uses sum-of-the-parts valuation logic to justify a higher share price.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/22", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-22", "loopMatches": [], "arcBeatMatches": [ { "to": 44, "from": 17, "beatId": "80372130-4d11-441b-a4bc-6c678b9b2ece", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes solutions to improve McDonald's operating performance and unlock shareholder value.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 23, "slideType": "section_divider", "function": "transition", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/23", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-23", "loopMatches": [], "arcBeatMatches": [ { "to": 44, "from": 17, "beatId": "80372130-4d11-441b-a4bc-6c678b9b2ece", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes solutions to improve McDonald's operating performance and unlock shareholder value.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 24, "slideType": "propose_solution", "function": "present_solution", "notes": "The slide outlines a corporate restructuring plan involving an IPO and debt financing.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/24", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-24", "loopMatches": [], "arcBeatMatches": [ { "to": 44, "from": 17, "beatId": "80372130-4d11-441b-a4bc-6c678b9b2ece", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes solutions to improve McDonald's operating performance and unlock shareholder value.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 25, "slideType": "preempt_rebuttal", "function": "preempt_rebuttal", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/25", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-25", "loopMatches": [], "arcBeatMatches": [ { "to": 44, "from": 17, "beatId": "80372130-4d11-441b-a4bc-6c678b9b2ece", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes solutions to improve McDonald's operating performance and unlock shareholder value.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 26, "slideType": "preempt_rebuttal", "function": "preempt_rebuttal", "notes": "The slide uses a matrix structure to categorize stakeholder-specific risks associated with the proposed McOpCo IPO.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/26", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-26", "loopMatches": [], "arcBeatMatches": [ { "to": 44, "from": 17, "beatId": "80372130-4d11-441b-a4bc-6c678b9b2ece", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes solutions to improve McDonald's operating performance and unlock shareholder value.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 27, "slideType": "transition", "function": "transition", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/27", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-27", "loopMatches": [], "arcBeatMatches": [ { "to": 44, "from": 17, "beatId": "80372130-4d11-441b-a4bc-6c678b9b2ece", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes solutions to improve McDonald's operating performance and unlock shareholder value.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 28, "slideType": "propose_solution", "function": "propose_solution", "notes": "This slide outlines a strategic restructuring proposal for McDonald's.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/28", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-28", "loopMatches": [], "arcBeatMatches": [ { "to": 44, "from": 17, "beatId": "80372130-4d11-441b-a4bc-6c678b9b2ece", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes solutions to improve McDonald's operating performance and unlock shareholder value.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 29, "slideType": "propose_solution", "function": "propose_solution", "notes": "The slide continues a multi-step plan for value creation.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/29", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-29", "loopMatches": [], "arcBeatMatches": [ { "to": 44, "from": 17, "beatId": "80372130-4d11-441b-a4bc-6c678b9b2ece", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes solutions to improve McDonald's operating performance and unlock shareholder value.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 30, "slideType": "preempt_rebuttal", "function": "preempt_rebuttal", "notes": "The slide uses a grid structure to map stakeholder-specific concerns against thematic categories.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/30", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-30", "loopMatches": [], "arcBeatMatches": [ { "to": 44, "from": 17, "beatId": "80372130-4d11-441b-a4bc-6c678b9b2ece", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes solutions to improve McDonald's operating performance and unlock shareholder value.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 31, "slideType": "propose_solution", "function": "propose_solution", "notes": "The slide uses a two-column layout to contrast the current issue with the proposed benefits.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/31", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-31", "loopMatches": [ { "to": 31, "from": 31, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "06bcb177-a7aa-44e7-87ba-d40b4136fa0f", "evidence": "The document highlights the cost of inaction by proposing solutions to improve McDonald's performance.", "position": 0, "objective": "Highlight the cost of inaction", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 44, "from": 17, "beatId": "80372130-4d11-441b-a4bc-6c678b9b2ece", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes solutions to improve McDonald's operating performance and unlock shareholder value.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 32, "slideType": "key_messages", "function": "propose_solution", "notes": "The slide uses a hierarchical list structure to detail the benefits of the proposed McOpCo spin-off.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/32", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-32", "loopMatches": [], "arcBeatMatches": [ { "to": 44, "from": 17, "beatId": "80372130-4d11-441b-a4bc-6c678b9b2ece", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes solutions to improve McDonald's operating performance and unlock shareholder value.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 33, "slideType": "key_messages", "function": "summarize", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/33", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-33", "loopMatches": [], "arcBeatMatches": [ { "to": 44, "from": 17, "beatId": "80372130-4d11-441b-a4bc-6c678b9b2ece", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes solutions to improve McDonald's operating performance and unlock shareholder value.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 34, "slideType": "preempt_rebuttal", "function": "preempt_rebuttal", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/34", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-34", "loopMatches": [], "arcBeatMatches": [ { "to": 44, "from": 17, "beatId": "80372130-4d11-441b-a4bc-6c678b9b2ece", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes solutions to improve McDonald's operating performance and unlock shareholder value.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 35, "slideType": "preempt_rebuttal", "function": "preempt_rebuttal", "notes": "The slide uses a Q&A format to preemptively address stakeholder concerns.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/35", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-35", "loopMatches": [], "arcBeatMatches": [ { "to": 44, "from": 17, "beatId": "80372130-4d11-441b-a4bc-6c678b9b2ece", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes solutions to improve McDonald's operating performance and unlock shareholder value.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 36, "slideType": "preempt_rebuttal", "function": "preempt_rebuttal", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/36", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-36", "loopMatches": [], "arcBeatMatches": [ { "to": 44, "from": 17, "beatId": "80372130-4d11-441b-a4bc-6c678b9b2ece", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes solutions to improve McDonald's operating performance and unlock shareholder value.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 37, "slideType": "propose_solution", "function": "propose_solution", "notes": "The slide uses a comparison framework to contrast current issues with the benefits of the proposed spin-off.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/37", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-37", "loopMatches": [], "arcBeatMatches": [ { "to": 44, "from": 17, "beatId": "80372130-4d11-441b-a4bc-6c678b9b2ece", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes solutions to improve McDonald's operating performance and unlock shareholder value.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-25fc98d95c50", "docSlug": "5ae5957203aa", "documentTitle": "McDonald's Corporation (MCD)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2006-01-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 38, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The slide argues for a valuation multiple of 12.5x-13.5x EV/2006E EBITDA based on peer similarity.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-25fc98d95c50/38", "deckHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-25fc98d95c50#slide-38", "loopMatches": [ { "to": 40, "from": 38, "name": "Mece Breakdown", "slug": "40-mece-breakdown", "bestFor": "Problem structuring, ensuring completeness, strategic analysis", "matchId": "7f5871e2-af6b-4896-bb22-349d9b977786", "evidence": "The document provides a sum-of-the-parts analysis of McDonald's valuation.", "position": 1, "objective": "Break down the valuation of McDonald's", "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage", "confidence": 0.8, "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories" } ], "arcBeatMatches": [ { "to": 44, "from": 17, "beatId": "80372130-4d11-441b-a4bc-6c678b9b2ece", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes solutions to improve McDonald's operating performance and unlock shareholder value.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true } ] }