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  "authorName": "William Ackman",
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      "text": "Board rejects all four candidates, three without explanation. Board did not even meet with two of them (Richard Vague, Michael Ashner)",
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      "text": "Pershing Square learns that the board restricted Goldman Sachs to the narrow task of evaluating Pershing Square's proposal, rather than fully investigating all potential value creating alternatives for real estate. Pershing Square concludes that the Revised Transaction was not adequately explored by the board or its advisors",
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      "text": "February 2009: Pershing Square requests one board seat and one additional independent director",
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      "text": "March 2009: Pershing Square presents, in total, four candidates – Bill Ackman and three independent nominees",
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      "text": "February 2009: Pershing Square meets with Target and Goldman Sachs to discuss the assumptions behind the board's decision",
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      "text": "Pershing's Background with Target (cont'd)",
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