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  "documentTitle": "Pershing Square | Activist Presentation Deck | 48 slides",
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  "notes": "The slide uses a series of quotes from an FTC complaint to build a case against the company's business practices.",
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      "text": "The vast majority of distributors lose money. The small minority that do make money do so from recruiting. Compensation is concentrated amongst the very senior ranks of the pyramid.",
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      "text": "(1) FTC v. Herbalife International of America, Inc., et al. (July 15, 2016). Case No.2:16-cv-05217, Complaint for Permanent Injunction and Other Equitable Relief, at p.5. (2) Id. (3) Id., at p.26. (4) Id.",
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      "text": "The Overwhelming Majority of Herbalife Distributors Do Not Make Any Money",
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