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  "documentTitle": "Automatic Data Processing (ADP) (ADP)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
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  "presentationDate": "2017-08-17 00:00:00",
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  "notes": "The chart highlights the underperformance of ADP relative to Ultimate Software prior to Pershing Square's involvement.",
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      "text": "ADP’s total shareholder return is in-line with Paychex but trails Ultimate Software",
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      "text": "Total Shareholder Returns Before Pershing Square",
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