{
  "docId": "019de06f-4a9b-72a9-a7e2-78a7e2dbc3ee",
  "docSlug": "297bd8544a3ce4034cd8167a5d2b8e71",
  "documentTitle": "Pershing Square | Activist Presentation Deck | 45 slides",
  "authorId": "pershing-square",
  "authorName": "Pershing Square Capital Management",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2013-05-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 45,
  "pageCount": 45,
  "prevPage": 44,
  "nextPage": null,
  "slideType": "preempt_rebuttal",
  "function": "preempt_rebuttal",
  "density": "dense",
  "nDataPoints": 0,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 0.95,
  "imagePath": null,
  "slideHref": "/slides/019de06f-4a9b-72a9-a7e2-78a7e2dbc3ee/45",
  "deckHref": "/decks/019de06f-4a9b-72a9-a7e2-78a7e2dbc3ee",
  "deckJsonHref": "/decks/019de06f-4a9b-72a9-a7e2-78a7e2dbc3ee.json",
  "deckAnchorHref": "/decks/019de06f-4a9b-72a9-a7e2-78a7e2dbc3ee#slide-45",
  "components": [
    {
      "bbox": {
        "h": 0.11,
        "w": 0.85,
        "x": 0.08,
        "y": 0.51
      },
      "kind": "list",
      "text": "If P&G's current CEO cannot demonstrate a sustainable turnaround in the near term, we believe the Board will do the right thing and put in place new leadership",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5fed52c7-e628-4fd3-bab7-7c89d07ad0af",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.18,
        "w": 0.8,
        "x": 0.13,
        "y": 0.64
      },
      "kind": "list",
      "text": "Would mark more than four years of continuous underperformance relative to peers\nSeveral outstanding CEO candidates inside P&G\nSeveral exceptional external CEO candidates as well",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7173bae3-f68b-45fd-9a1c-413566149160",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.85,
        "x": 0.08,
        "y": 0.39
      },
      "kind": "list",
      "text": "If P&G's leadership executes, all key constituents will be rewarded immensely",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "75397ee6-c72d-4005-a948-0cdad9c88094",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.85,
        "x": 0.08,
        "y": 0.28
      },
      "kind": "list",
      "text": "P&G's board of directors' public statements suggest that they are watching the situation closely",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ba8d9316-d6b7-418b-94ba-13dcfc553bc4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.78,
        "x": 0.04,
        "y": 0.16
      },
      "kind": "title",
      "text": "Further Downside Protection in Board's Posture",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3a3e9c6d-6a81-4c85-9dbc-6bbb1ef948d3",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Problem Statement Canvas",
      "slug": "problem-statement-canvas",
      "agent": "Architect",
      "layer": "slide",
      "matchId": "e3970b3c-b63b-4bf0-9784-44481313f8f2",
      "evidence": "list/bullet: If P&G's current CEO cannot demonstrate a sustainable turnaround in the near term, we believe the Board will do the right thing and put in place new leadership",
      "confidence": 0.7
    },
    {
      "name": "Thesis archetype",
      "slug": "thesis-archetype",
      "agent": null,
      "layer": "slide",
      "matchId": "a5a588d0-a823-45fa-b21e-c0502975195a",
      "evidence": "Further Downside Protection in Board's Posture",
      "confidence": 0.8
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}