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  "documentTitle": "Valeant Pharmaceuticals International (VRX)",
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  "authorName": "William Ackman",
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  "presentationDate": "2015-10-30 00:00:00",
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  "pageNumber": 21,
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  "notes": "The slide uses a 'villain' framing by contrasting the high penalties of established peers against the absence of the target company (Valeant).",
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      "text": "Valeant is notably absent from this list",
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      "kind": "list",
      "text": "Many large pharmaceutical companies have received numerous fines over the decades, with total penalties in the billions. Valeant is notably absent from this list.",
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      "text": "Total Financial Penalties: $29.35 billion",
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      "text": "Source: Public Citizen, Pharmaceutical Industry Criminal and Civil Penalties: An Update.",
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      "kind": "title",
      "text": "Pharmaceutical Cos. – Aggregate Penalties ('91-July '12)",
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