{
  "docId": "019dd923-622c-750b-8b9b-9e6bdedc5eed",
  "docSlug": "f39479b88775",
  "documentTitle": "Herbalife, Ltd. (HLF)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2015-08-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 40,
  "pageCount": 63,
  "prevPage": 39,
  "nextPage": 41,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "Uses a visual arrow to connect business practices to legal definitions.",
  "elementsJson": [
    "headline_text",
    "callout_box",
    "bullet_list",
    "process_diagram"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9b-9e6bdedc5eed/40",
  "deckHref": "/decks/019dd923-622c-750b-8b9b-9e6bdedc5eed",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9b-9e6bdedc5eed.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-9e6bdedc5eed#slide-40",
  "components": [
    {
      "bbox": {
        "h": 0.15,
        "w": 0.73,
        "x": 0.13,
        "y": 0.175
      },
      "kind": "callout",
      "text": "DISTRIBUTORS RECRUITING OTHER DISTRIBUTORS - AND - EARNING COMMISSIONS ON NEW RECRUITS' PURCHASES",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2b3e2942-03b6-4f32-be2a-af13f0aa5dde",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "DISTRIBUTORS RECRUITING OTHER DISTRIBUTORS - AND - EARNING COMMISSIONS ON NEW RECRUITS' PURCHASES VIOLATE",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-64cf-7128-a330-31d5ec7d50df",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.54,
        "x": 0.23,
        "y": 0.41
      },
      "kind": "diagram",
      "text": "VIOLATE",
      "attrs": null,
      "subkind": "process",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9cf8ad77-c5ee-4fb1-a2f4-bbce7fdd8019",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.28,
        "w": 0.92,
        "x": 0.04,
        "y": 0.625
      },
      "kind": "list",
      "text": "Pyramid Selling Regulations: Defines pyramid selling to include “calculating and paying remunerations to recruiters on the basis of the number of persons a recruiter has directly or indirectly recruited or the sales performance.” (Art. 2.)\nArticle 224(a) of the Criminal Law: Defines a pyramid scheme as a scheme in which (among other things) “the calculation of remunerations or kickbacks to participants is directly or indirectly dependent on the number of persons recruited, and the participants are induced to continue or coerced into continuing recruiting others to participate.”",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e202cc92-1820-43ea-a73d-f57652e241a6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "Pyramid Selling Regulations: Defines pyramid selling to include “calculating and paying remunerations to recruiters on the basis of the number of persons a recruiter has directly or indirectly recruited or the sales performance.” (Art. 2.) — Pyramid Selling Regulations. Article 224(a) of the Criminal Law: Defines a pyramid scheme as a scheme in which (among other things) “the calculation of remunerations or kickbacks to participants is directly or indirectly dependent on the number of persons recruited, and the participants are induced to continue or coerced into continuing recruiting others to participate.” — Article 224(a) of the Criminal Law",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-64cf-7128-a330-362ca8ac1cb5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.78,
        "x": 0.04,
        "y": 0.09
      },
      "kind": "title",
      "text": "Distributor Incentives Violate Chinese Law (cont.)",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "44f5d5e0-7b35-4514-9e4c-bdc4977d4120",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "02bb8748-945b-44c2-854b-13fef9e97a7a",
      "evidence": "Connects business practices to specific legal definitions of pyramid schemes to prove illegality.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 40,
      "from": 21,
      "beatId": "31e4d38f-88af-46db-8180-c465d762921a",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Struggle",
      "beatSlug": "overcoming-monster-the-struggle",
      "evidence": "The presentation presents evidence of Herbalife's struggles to comply with Chinese law, including contradictions in their own documents.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}