{
  "docId": "019dd923-622c-750b-8b9b-682113a1d2ba",
  "docSlug": "71f980c94b7e",
  "documentTitle": "Canadian Pacific Railway (CP)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2012-02-06 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 29,
  "pageCount": 112,
  "prevPage": 28,
  "nextPage": 30,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 3,
  "notes": "Uses a process-style flow to show the progression from a problem to expert testimony to a contradictory management action.",
  "elementsJson": [
    "headline_text",
    "process_diagram",
    "callout_box",
    "quote_block"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9b-682113a1d2ba/29",
  "deckHref": "/decks/019dd923-622c-750b-8b9b-682113a1d2ba",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9b-682113a1d2ba.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-682113a1d2ba#slide-29",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "CP's MYP includes: - 91 new locomotives in 2011 / Q1 2012 - $500mm of capex for new and remanufactured locomotives from 2011-14",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-0f1b-7682-84a1-2d0ebe01f40e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.47,
        "x": 0.22,
        "y": 0.42
      },
      "kind": "diagram",
      "text": null,
      "attrs": null,
      "subkind": "process",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e55cc2d3-2892-4067-a893-090664565995",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.27,
        "x": 0.69,
        "y": 0.325
      },
      "kind": "list",
      "text": "CP's MYP includes: 91 new locomotives in 2011 / Q1 2012; $500mm of capex for new and remanufactured locomotives from 2011-14",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7369a1d1-7953-41dc-a4ff-c6fcf68aebdb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.18,
        "x": 0.04,
        "y": 0.325
      },
      "kind": "list",
      "text": "Poor Asset Utilization: Locomotive utilization 23% lower than CN's as of 2010",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8d76285e-e0f1-49c2-b3b1-4cfb4bcfbe31",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "locomotive utilization: 23%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-0f1b-7682-84a1-372425158c1c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.28,
        "x": 0.31,
        "y": 0.325
      },
      "kind": "quote",
      "text": "\"[CP] doesn't need more locomotives. [CP] already has one of the best fleets that I've ever seen in my travels whether as a consultant or a prior executive.\" - Ed Harris, June 2010",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d668c463-a82d-42db-b9d2-e6a12b8da243",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "\"[CP] doesn't need more locomotives. [CP] already has one of the best fleets that I've ever seen in my travels whether as a consultant or a prior executive.\" — Ed Harris, June 2010",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-0f1b-7682-84a1-3290fd9c7df1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.92,
        "x": 0.04,
        "y": 0.08
      },
      "kind": "title",
      "text": "...and Management is Making the Problem Worse",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0042d09f-1982-4c42-9a97-e5d468cc9318",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "ceo-quote-contradiction",
      "slug": null,
      "matchId": "0ff097b1-09be-4b42-a30b-9e3ea25b0a9b",
      "evidence": "Uses expert testimony to contradict management's capital allocation strategy.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 40,
      "from": 21,
      "beatId": "8316e787-f56d-4a37-a970-9932c2cc290c",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Call",
      "beatSlug": "overcoming-monster-the-call",
      "evidence": "Call to action for change in leadership",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [
    {
      "to": 30,
      "from": 15,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "20f5b4ef-9167-42e9-8bfe-838711289d54",
      "evidence": "Financial data and performance metrics showing the impact of current leadership",
      "position": 0,
      "objective": "Highlight the consequences of not changing the current management and board",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.7,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}