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  "documentTitle": "Pershing Square Holdings Portfolio (multi-position) (PSH)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
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      "text": "Unique culture which is extremely supportive of returning to our roots as a smaller focused organization",
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      "text": "Reduced size of organization allows for competitive compensation for staff and partners\nContinued large ratio of assets to investment team and overall organizational size\nIntroduced long-term incentive plan in 2017\nIncreased profits interests and minimum guarantees for certain employees\n$500mm+ ADP co-investment vehicle provides additional long-dated incentive economics for the team",
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