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  "authorName": "Pershing Square Capital Management",
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  "notes": "The slide uses a clear, two-part structure: objectives followed by the expected impact of the proposal.",
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      "text": "We believe our Revised Proposal will: Achieve these objectives; Address all of the Company’s concerns regarding our first proposal; Increase McDonald’s share price to $46-$50 per share (before considering any operational benefits); Minimize execution risk and management distraction",
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