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  "documentTitle": "Pershing Square | Activist Presentation Deck | 120 slides",
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  "authorName": "Pershing Square Capital Management, L.P.",
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  "presentationDate": "2014-07-01 00:00:00",
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  "notes": "The slide uses a series of pull-quotes to demonstrate a pattern of external skepticism regarding management's capital strategy.",
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      "kind": "quote",
      "text": "For David and for Jeff, what's your philosophy on having a net cash position and whether you think that's ideal?",
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      "kind": "quote",
      "text": "Can management better serve investors by maybe being more aggressive with cash deployment and maybe even taking advantage of some of these lower rates near term?",
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      "kind": "quote",
      "text": "My question is with respect to your capital allocation strategies. Wondering if you could provide an update now especially given your large cash balance and also your decision to potentially divest your obesity franchise.",
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      "kind": "title",
      "text": "Analysts have Repeatedly Questioned Allergan's Capital Allocation Strategy",
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