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  "documentTitle": "Herbalife, Ltd. (HLF)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
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  "presentationDate": "2012-12-20 00:00:00",
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  "notes": "The slide uses a stacked bar representation to show how the 73% payout is distributed across bonuses, overrides, and retail discounts.",
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      "text": "Adjustment #1: Suggested Retail Price ≠ Actual Retail Price",
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      "text": "Distributor Payout: 73%",
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