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  "docSlug": "42b17c6fff3e2006bf9fc5d84bd6edcc",
  "documentTitle": "Pershing Square | Activist Presentation Deck | 120 slides",
  "authorId": "pershing-square",
  "authorName": "Pershing Square Capital Management, L.P.",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2014-07-01 00:00:00",
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  "pageNumber": 18,
  "pageCount": 120,
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  "slideType": "expose_contradiction",
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  "density": "balanced",
  "nDataPoints": 2,
  "notes": "The slide uses a list of constraints to demonstrate that the 'right' to written consent is functionally blocked by the board.",
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      "kind": "callout",
      "text": "A special meeting will allow shareholders to remedy these problematic governance provisions as quickly as possible",
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      "kind": "list",
      "text": "25% of the company's shares are required to request a record date to act by written consent\nSimilar unduly onerous disclosure requirements (with ongoing duty to update) for requesting a record date as those to request a special meeting\nAction by written consent cannot cover 'Similar Items' considered at a meeting in the previous 12 months, including the election of directors, or any business to be presented at a meeting to be held within 90 days\nNo consents can be dated or delivered until 90 days after delivery of the request for a record date\nStockholders cannot act by written consent if the Allergan board calls a meeting to present a substantially 'Similar Item'",
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      "kind": "title",
      "text": "Allergan's Written Consent Provision Provides the Illusion of Shareholder Rights",
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      "evidence": "The slide exposes the 'illusion' of rights by detailing the specific mechanisms that block them.",
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      "arcName": "Problem-Agitate-Solution",
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      "beatName": "Complication",
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      "evidence": "The document highlights Allergan's poor corporate governance and questionable business practices",
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