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  "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",
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  "pageNumber": 52,
  "pageCount": 63,
  "prevPage": 51,
  "nextPage": 53,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 2,
  "notes": "The slide uses 'villain critique' style evidence (hand-drawn diagrams) to expose a contradiction between official policy and actual practice.",
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  "slideHref": "/slides/019dd923-622c-750b-8b9b-9e6bdedc5eed/52",
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      "kind": "callout",
      "text": "Participants explained there are NO LIMITS on the number of levels in their downlines. Herbalife has no publicly disclosed policies that limit the number of levels in downlines in China.",
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      "text": "Hand-drawn organizational chart 1",
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      "kind": "paragraph",
      "text": "Herbalife's marketing plan in China includes seven identified levels (Preferred Customer, Business Representative and five levels of Distributors), and each organization can go infinitely deep. Participants explained there are NO LIMITS on the number of levels in their downlines. Herbalife has no publicly disclosed policies that limit the number of levels in downlines in China.",
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      "kind": "source-note",
      "text": "Source: Interviews with Chinese Distributors",
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      "kind": "title",
      "text": "Herbalife's Business in China Has More Than 30 Participants and More than Three Levels - Joint Policy Directive",
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      "evidence": "The presentation concludes with a call for action, highlighting the need for regulators to take action against Herbalife's allegedly illegal practices.",
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