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  "docSlug": "312cc29b1436",
  "documentTitle": "Target Corporation (TGT)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2009-05-11 00:00:00",
  "orientation": "portrait",
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  "pageNumber": 29,
  "pageCount": 80,
  "prevPage": 28,
  "nextPage": 30,
  "slideType": "villain_critique",
  "function": "name_villain",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": "The slide uses a red 'X' icon for each bullet point to emphasize the negative nature of the board's actions.",
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  "slideHref": "/slides/019dd923-622c-750b-8b9b-3e71de80700d/29",
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  "components": [
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      "kind": "callout",
      "text": "Pershing Square's observations of Target's incumbent board:",
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    {
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      "kind": "callout",
      "text": "Pershing Square’s observations of Target’s incumbent board:",
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      "subkind": null,
      "toolName": "Visual emphasis",
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      "kind": "list",
      "text": "Chose board members without relevant senior operating experience in Target's key business lines and assets\nRejected significant shareholder representation\nContinually re-elects its own members, despite the lack of relevant senior operating experience\nIgnored major shareholder regarding credit risk\nRefused to authorize full review of alternatives for real estate ownership\nRejected major shareholder's request to join the board without explanation\nRefused to interview leading executives Richard Vague or Michael Ashner in its nominating process",
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      "kind": "title",
      "text": "Is Target's Board Too Insular?",
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      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Agitate (Make it worse)",
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      "evidence": "The document agitates the problems, highlighting the consequences of the board's actions and inactions.",
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