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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 uses a highlighted transcript to demonstrate that the company was aware of regulatory benchmarks they may have later violated or ignored.",
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      "kind": "callout",
      "text": "There's very strong FTC rules that we measure ourselves against to make sure that at lest the FTC rule says less than 50% of your business has to be from recruiting. So that's a real benchmark.",
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      "kind": "paragraph",
      "text": "Sep. 03. 2008 / 9:30AM, HLF - Herbalife Ltd. at Goldman Sachs Global Retailing Conference\nRich Goudis - CFO - Herbalife Ltd.\nYes, 25% of our revenue is associated with bringing in new people into the business...",
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      "kind": "title",
      "text": "Herbalife Is Well Aware of the Law",
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