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  "documentTitle": "Pershing Square | Activist Presentation Deck | 63 slides",
  "authorId": "pershing-square",
  "authorName": "Pershing Square Capital Management",
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  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2014-03-01 00:00:00",
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  "pageNumber": 46,
  "pageCount": 63,
  "prevPage": 45,
  "nextPage": 47,
  "slideType": "expose_contradiction",
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  "density": "balanced",
  "nDataPoints": 100,
  "notes": "The slide uses a red box to highlight the 'China Royalties' row and the specific value 79,082 in the 2010 column.",
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      "kind": "callout",
      "text": "A different schedule in the internal Herbalife model provides more detail on its China historical and projected financials. In a hidden row, Herbalife here refers to the same $79,082,000 simply as \"China Royalties.\"",
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      "kind": "source-note",
      "text": "Source: Herbalife financial information spreadsheets.",
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      "text": "Herbalife International 2010 Five-Year Plan Projected Pro Forma Financial Model table showing Net Sales, Net Sales to VP, Operating Expenses, and Operating Expenses as % of Net Sales for China Distribution and Manufacturing.",
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      "kind": "title",
      "text": "An Internal Herbalife Document Confirms how Herbalife Calculates Hourly Consulting Pay",
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      "arcName": "Overcoming the Monster",
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