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  "documentTitle": "Canadian Pacific Railway (CP)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
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      "text": "I’m not satisfied with our operating ratio [2006 target was ~75% OR], and I’m raising the bar on Execution Excellence as a vehicle to drive accelerated improvements.",
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      "text": "operating ratio: 75%",
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      "text": "I expect our team to gain traction on expense reduction and drive step-change productivity improvements across the property... ...I believe this franchise has more to deliver. I’m not satisfied with our operating ratio [2006 target was ~75% OR], and I’m raising the bar on Execution Excellence as a vehicle to drive accelerated improvements.",
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      "text": "November 2005",
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