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  "documentTitle": "Canadian Pacific Railway (CP)",
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  "authorName": "William Ackman",
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  "presentationDate": "2012-02-06 00:00:00",
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  "notes": "The slide uses a contrast between a list of initiatives and a stagnant data table to argue that management's 'new' plans are just rebrands of failed past efforts.",
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      "kind": "callout",
      "text": "- Lots of plans and initiatives\n- No results",
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      "text": "operating ratio: 81%",
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      "text": "Source: Annual reports, CP investor books.",
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      "text": "Canadian Pacific – Operating Ratio 1999-2011 data table",
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      "kind": "title",
      "text": "Another \"Detailed Plan\" – Will the Results Differ?",
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