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  "docSlug": "62404b64c86e",
  "documentTitle": "Herbalife, Ltd. (HLF)",
  "authorId": "01_Pershing_Square",
  "authorName": "David Klafter",
  "documentKindSlug": "shareholder-letter",
  "documentKindLabel": "Shareholder letter",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2014-11-06 00:00:00",
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  "notes": "This is a page from a shareholder letter/activist report. It lists specific presentations and profiles of distributors to build a case against the company.",
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      "text": "The profiles make clear that many of those most in need of oversight by a robust compliance department are at the top of the pyramid.",
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      "kind": "list",
      "text": "List of 30 senior distributors profiled for deceptive recruiting practices.",
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      "kind": "paragraph",
      "text": "Under the Sales and Marketing Plan, Herbalife gives itself extensive power to investigate and remedy wrongs committed by distributors, but to date, we understand, these rules have been used only sporadically, ineffectively, and often simply to retaliate.",
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      "text": "Those profiles are available online... they paint a damning picture of Herbalife's most important distributors.",
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      "kind": "title",
      "text": "The Work We Have Done So Far",
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