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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 is used to expose the pyramid-like recruitment structure of Herbalife by showing how distributors are encouraged to recruit and train others to recruit.",
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      "text": "Second step: Teach others to teach others what you've learned.",
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      "text": "Crowd of distributors",
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      "text": "First step: Teach others what you've learned.\nSecond step: Teach others to teach others what you've learned.",
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      "text": "Source: Herbalife Independent Distributor Presentation (2008)",
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      "text": "Teach to Teach",
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      "text": "Senior Distributors Encourage Other Distributors to “Teach to Teach”",
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