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  "documentTitle": "Herbalife, Ltd. (HLF)",
  "authorId": "01_Pershing_Square",
  "authorName": "Pershing Square Capital Management",
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  "presentationDate": "2013-04-09 00:00:00",
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  "notes": "This slide serves as a qualitative argument against the company, focusing on human impact rather than financial metrics.",
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      "text": "Recruiting family members, friends, work and church acquaintances and others in their communities into a rigged game, one that is highly likely to exact financial and emotional harm on those loved and trusted by them, has an impact that cannot be repaired or recompensed with dollars alone.",
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      "text": "Recruiting family members, friends, work and church acquaintances and others in their communities into a rigged game, one that is highly likely to exact financial and emotional harm on those loved and trusted by them, has an impact that cannot be repaired or recompensed with dollars alone. These victims part with money they can’t afford to lose in reliance on Herbalife’s false promises, pursuing their misplaced hopes for ‘financial freedom’ and the Herbalife ‘lifestyle.’",
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      "text": "No monetary analysis can properly encompass the loss of time, the diversion of productive effort, the damaged relationships, and the emotional harm that can result from buying into a pyramid scheme. On our website, www.factsaboutherbalife.com , there are numerous statements of former distributors who have lost their homes, families, and meaningful relationships because they elected to pursue what is an effectively impossible financial goal. A web search quickly reveals many more such examples of Herbalife-induced hardship.",
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