{
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  "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",
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  "pageNumber": 75,
  "pageCount": 112,
  "prevPage": 74,
  "nextPage": 76,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 3,
  "notes": "Uses a before-after framing to highlight the disconnect between actual performance and board-set targets.",
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  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Financial targets for Green were eliminated after 2008",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
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      "kind": "list",
      "text": "Yet, Fred Green deemed to have met 17 of 18 individual performance objectives set by the Board\nOnly one missed objective: financial targets in 2008\nFinancial targets for Green were eliminated after 2008",
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      "kind": "list",
      "text": "Worst operating performance in the industry\nEBIT has declined ~10% excluding DM&E\nNegative cash flow",
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      "kind": "paragraph",
      "text": "Fred Green's Targets",
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      "text": "Fred Green's Performance",
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      "kind": "title",
      "text": "Has the Board Set Proper Targets and Compensation?",
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      "evidence": "Contrasts performance metrics with target achievement metrics to expose a contradiction.",
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      "bestFor": "Transformation planning, 100-day plans, resource allocation",
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      "evidence": "Proposal for Hunter Harrison as CEO and plan for transformation",
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