{
  "docId": "019dd923-622c-750b-8b9b-3e71de80700d",
  "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",
  "aspectRatio": 0.77272725,
  "pageNumber": 47,
  "pageCount": 80,
  "prevPage": 46,
  "nextPage": 48,
  "slideType": "ceo_quote",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": "The slide uses a quote to frame the target's management as resistant or dismissive of a potential transaction.",
  "elementsJson": [
    "headline_text",
    "callout_box"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9b-3e71de80700d/47",
  "deckHref": "/decks/019dd923-622c-750b-8b9b-3e71de80700d",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9b-3e71de80700d.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-3e71de80700d#slide-47",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "For the life of me, I don't understand why those attributes in combination would cause anyone to want to get into an active mode of analyzing a sale.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-f5d1-75b6-b077-7184738c9aa5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.35,
        "x": 0.55,
        "y": 0.68
      },
      "kind": "paragraph",
      "text": "Doug Scovanner, CFO\nStar Tribune, July 15, 2007",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4983e497-519e-4c3e-b493-40669575ab35",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.4,
        "w": 0.8,
        "x": 0.1,
        "y": 0.27
      },
      "kind": "quote",
      "text": "\"We have consistent performance ... and we're enjoying double-digit growth rates,\" Scovanner said. \"No one else in the credit-card arena has those attributes. For the life of me, I don't understand why those attributes in combination would cause anyone to want to get into an active mode of analyzing a sale.\"",
      "attrs": null,
      "subkind": "pull-quote",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a6b15e5f-980c-4bdd-bcbd-61aca4e2508c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "\"We have consistent performance ... and we're enjoying double-digit growth rates,\" Scovanner said. \"No one else in the credit-card arena has those attributes. For the life of me, I don't understand why those attributes in combination would cause anyone to want to get into an active mode of analyzing a sale.\" — Doug Scovanner, CFO, Star Tribune, July 15, 2007",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd952-f5d1-75b6-b077-76cb12445382",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.92,
        "x": 0.04,
        "y": 0.09
      },
      "kind": "title",
      "text": "Target Initially Resisted a Transaction for its Receivables",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "229f9f8f-f075-45f3-b284-ff4723773620",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "CEO quote contradiction",
      "slug": "ceo-quote-contradiction",
      "agent": null,
      "layer": "slide",
      "matchId": "910d17f1-0460-4124-bb5b-2c1b1d751090",
      "evidence": "CEO quote with pull-quote and callout",
      "confidence": 0.8
    }
  ],
  "frameworks": [
    {
      "name": "ceo-quote-contradiction",
      "slug": null,
      "matchId": "daa4329f-6b6c-45b3-9460-8325c0f0b8be",
      "evidence": "Uses a direct quote from management to highlight resistance to a transaction that the activist is likely pursuing.",
      "confidence": 0.95
    }
  ],
  "arcBeats": [
    {
      "to": 80,
      "from": 32,
      "beatId": "7735490e-2e7b-46d5-97f5-0f10059a802f",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Solution (Provide relief)",
      "beatSlug": "problem-agitate-solution-solution-provide-relief",
      "evidence": "The document presents Pershing Square's nominees as a solution to the problems identified.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}