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  "docSlug": "312cc29b1436",
  "documentTitle": "Target Corporation (TGT)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
  "documentKindSlug": "activist-deck",
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  "presentationDate": "2009-05-11 00:00:00",
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  "density": "balanced",
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  "notes": "The slide uses a 'villain' framing by highlighting the lack of 'skin in the game' for the board.",
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      "kind": "callout",
      "text": "Target's board lacks significant shareholder representation, owning less than 0.3% of the company. Independent directors own only 0.02% of the company in common stock",
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      "text": "Target’s board lacks significant shareholder representation, owning less than 0.3% of the company. Independent directors own only 0.02% of the company in common stock",
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      "text": "ownership percentage: 0.27%",
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      "text": "Source: Target proxy",
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      "kind": "title",
      "text": "Board Lacks Significant Shareholder Representation",
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