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  "documentTitle": "Pershing Square | Activist Presentation Deck | 110 slides",
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  "authorName": "Pershing Square Capital Management",
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  "documentKindLabel": "Activist deck",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2014-04-01 00:00:00",
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  "pageNumber": 55,
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  "notes": "The slide uses a table to illustrate the vesting schedule of Performance Share Units (PSUs) based on annualized TSR.",
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      "kind": "callout",
      "text": "CEO Mike Pearson and his senior team have the potential to be richly rewarded for outstanding long-term share price performance",
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      "text": "Annual Cash Incentive Compensation: Up to 200% of base salary possible if goals are achieved. Long-Term Incentive Compensation: 50% time-vested stock options, 50% performance share units.",
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      "text": "Mike Pearson and his team own significant stock in Valeant, further aligning management with shareholders. Pearson owns ~10.6mm shares (or ~$1.3 billion) which he is restricted from selling until 2017",
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      "text": "Source: Valeant 2014 Schedule 14A",
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      "kind": "title",
      "text": "Management Is Incentivized To Create Shareholder Value",
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