{
  "docId": "019de06f-7b6a-7599-b88b-e5db756b283e",
  "docSlug": "e8ed5b303558509d41c1162984588b13",
  "documentTitle": "Pershing Square | Activist Presentation Deck | 79 slides",
  "authorId": "pershing-square",
  "authorName": "Pershing Square Capital Management",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2016-11-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 3,
  "pageCount": 79,
  "prevPage": 2,
  "nextPage": 4,
  "slideType": "table_of_contents",
  "function": "front_matter",
  "density": "sparse",
  "nDataPoints": 0,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de06f-7b6a-7599-b88b-e5db756b283e/3",
  "deckHref": "/decks/019de06f-7b6a-7599-b88b-e5db756b283e",
  "deckJsonHref": "/decks/019de06f-7b6a-7599-b88b-e5db756b283e.json",
  "deckAnchorHref": "/decks/019de06f-7b6a-7599-b88b-e5db756b283e#slide-3",
  "components": [
    {
      "bbox": {
        "h": 0.3,
        "w": 0.48,
        "x": 0.36,
        "y": 0.288
      },
      "kind": "table",
      "text": "I. Overview of McDonald's 3\nII. Pershing's View of McDonald's 11\nIII. Pershing's Proposal to McDonald's: McOpCo IPO 23\nIV. Company Response to Pershing 39\nV. Developing a Response to the Company 43\nAppendix 58\nA. Pershing's Proposal: Assumptions 59\nB. PF McDonald's Financial Analysis 66\nC. McOpCo Financial Analysis 74",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8d2d440b-1342-4d59-8006-e9ae41542570",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.191,
        "x": 0.073,
        "y": 0.182
      },
      "kind": "title",
      "text": "Table of Contents",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2128a887-656a-494a-a52a-4cee08627038",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 6,
      "from": 1,
      "beatId": "07f637a0-cd98-4256-ba2b-ecc870e054d9",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Situation & Context",
      "beatSlug": "consultants-gambit-situation-context",
      "evidence": "The deck provides an overview of McDonald's and Pershing's involvement with the company",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": "Setup",
      "parentBeatSlug": "setup"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}