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  "docSlug": "f39479b88775",
  "documentTitle": "Herbalife, Ltd. (HLF)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
  "documentKindSlug": "activist-deck",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2015-08-01 00:00:00",
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  "pageNumber": 6,
  "pageCount": 63,
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  "density": "balanced",
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  "notes": "The slide uses a CEO quote to frame the company's strategy in China as recruitment-heavy, likely to support an argument about pyramid scheme characteristics.",
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      "text": "China is 1.3 billion people, you can recruit for a long time there before we had what was called the classic 'pop-and-drop' in that marketplace.",
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      "kind": "paragraph",
      "text": "– Michael O. Johnson\nHerbalife Chairman and CEO\nHLF Q2 2008 Earnings Call, Aug. 6, 2008.",
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      "text": "China is 1.3 billion people, you can recruit for a long time there before we had what was called the classic 'pop-and-drop' in that marketplace.",
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      "text": "“China is 1.3 billion people, you can recruit for a long time there before we had what was called the classic 'pop-and-drop' in that marketplace.” — Michael O. Johnson, Herbalife Chairman and CEO, HLF Q2 2008 Earnings Call, Aug. 6, 2008.",
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      "text": "Source: China Daily",
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