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  "documentTitle": "Herbalife, Ltd. (HLF)",
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  "authorName": "William Ackman",
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  "presentationDate": "2012-12-20 00:00:00",
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  "notes": "The slide highlights the 'pay-to-play' nature of the compensation structure.",
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      "text": "In order to receive Royalty Overrides, Sales Leaders must generate a set amount of Personal Volume each month. This can be achieved by “paying-for-your-paycheck” or by recruiting new NSL distributors",
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      "text": "Royalty Override Earning %: 5%",
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      "text": "Personal Volume determines Royalty Override Earning % (“Royalty %”) Royalty Override Scale Your Total Volume Points Royalty Override Earning % 0-499 0% 500-999 1% 1,000-1,499 2% 1,500-1,999 3% 2,000-2,499 4% 2,500 plus 5%",
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      "kind": "title",
      "text": "Why Herbalife Distributors “Pay-for-your-Paycheck” Herbalife’s Compensation Plan Revisited (Cont’d)",
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