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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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  "notes": "The chart uses logos for x-axis labels and highlights P&G in a darker blue color.",
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      "text": "Estimated Percentage of Sales from Emerging Markets",
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      "text": "Approximately 40% of P&G's sales are from fast growing emerging markets. In the HPC industry, only Colgate and Unilever have a materially more attractive emerging markets sales mix than P&G",
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      "text": "(1) Source: Wall Street research and company reports. L'Oreal based on Cosmetics division.",
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