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  "documentTitle": "Pershing Square | Activist Presentation Deck | 45 slides",
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  "authorName": "Pershing Square Capital Management",
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  "presentationDate": "2013-05-01 00:00:00",
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      "text": "The good news is that most of these issues are readily fixable and that P&G's brands and products are generally in a strong position",
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      "text": "Bloated overhead cost structure; Suboptimal manufacturing productivity levels; Inefficient organizational design; Emerging market regions are still building scale; Marketing investments are not achieving appropriate returns; Pricing in certain categories not optimized",
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      "text": "Why is P&G Under-Earning?",
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