{
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  "docSlug": "d915f08d7324",
  "documentTitle": "Herbalife, Ltd. (HLF)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
  "documentKindSlug": "activist-deck",
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  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2012-12-20 00:00:00",
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  "pageNumber": 332,
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  "slideType": "expose_contradiction",
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  "density": "balanced",
  "nDataPoints": 24,
  "notes": "The slide uses a dual-axis combo chart to correlate executive selling behavior with stock performance.",
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  "slideHref": "/slides/019dd923-622c-750b-8b9d-062155500d22/332",
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      "kind": "callout",
      "text": "Johnson was paid $89.4mm in 2011, making him the highest earning Russell 3000 CEO that year",
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      "kind": "callout",
      "text": "Since 2007, Michael Johnson has sold ~$140mm of HLF stock. These sales were discretionary. His shortest dated options were not set to expire until 2013",
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      "kind": "chart",
      "text": "Michael Johnson Stock Sales and HLF Share Price (Quarterly)",
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      "kind": "source-note",
      "text": "Source: GMI 2012 Preliminary Pay Survey. Michael Johnson Form 4 Filings. Excludes dispositions for tax withholding and includes charity dispositions",
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      "kind": "title",
      "text": "Actions Speak Louder Than Words",
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      "arcName": "Overcoming the Monster",
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      "name": "Cost Of Inaction",
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