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  "documentTitle": "Canadian Pacific Railway (CP)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
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  "presentationDate": "2012-02-06 00:00:00",
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      "text": "Wealth of experience and massive “head start” enable four year improvement",
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      "text": "Hunter’s third turnaround, 47 years of experience, 12 more than when joining CN and 21 more than when joining IC. Apply the many successful practices, learn and adapt from mistakes.",
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      "text": "Operating plan is proven and successful, similar best operating practices are already in place and producing results for CP’s competitor. Adoption of concepts by employees / unions, customers, regulators, and other stakeholders will be more rapid given proven success of concepts",
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      "text": "operating ratio: 60%",
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      "text": "A Mid-60%s OR is Achievable in Four Years",
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