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  "docSlug": "c4170261466f",
  "documentTitle": "Automatic Data Processing (ADP) (ADP)",
  "authorId": "06_Trian_Partners",
  "authorName": "ADP",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2017-09-01 00:00:00",
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      "text": "Pershing Square has no experience in the Technology sector",
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      "text": "Pershing Square's 40 shareholder activism campaigns since 1995: 83% have been at Consumer, Real Estate and Financial Institutions. Pershing Square has no experience in the Technology sector. Only 1 of Pershing's 3 nominees has any technology exposure.",
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      "text": "Sources: FactSet, Capital IQ, public release. Notes: 1. Reflects Pershing Square active investments involving public activism, excluding activism at funds. 2. Reflects year of campaign announcement.",
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      "text": "Pershing Square and Its Nominees Want to Set Strategy at ADP – Do They Have Any Relevant Experience?",
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