slides · global inventory
Source Note
Component collection for the active corpus filters, with each row opening the slide detail view.
Matching slides 110,355
Current window 51,931-51,960
Pages 3,679
Rows per page 30
Component
51,931-51,960 of 110,355
14
The slide explicitly notes a discrepancy between internal terminology and public 10K filings.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose ContradictionLoop · Analogy1 hit
15
Pershing Square | Activist Presentation Deck | 63 slidesPershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose ContradictionLoop · Analogy1 hit
16
The slide uses a yellow callout box to emphasize the lack of financial benefit for the 'Preferred Customer' tier.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose ContradictionLoop · Analogy1 hit
17
The slide uses a yellow callout for the lead-in and a green box for the core requirements, followed by a critical source note that frames the business model as a pyramid scheme.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose ContradictionLoop · Analogy1 hit
18
The slide highlights the tiered compensation structure and notes that participants refer to these credits as 'salary', implying an employment-like relationship.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose ContradictionLoop · Analogy1 hit
19
The slide highlights the structural incentive for recruiting inherent in the compensation plan.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose ContradictionLoop · Analogy1 hit
20
The slide uses a yellow-green color scheme to highlight the recruitment-based nature of the business model.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose ContradictionLoop · Analogy1 hit
21
The slide features a photograph of a handwritten document showing a hierarchical structure and associated business requirements.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose ContradictionLoop · Analogy1 hit
22
The slide uses a comparison between distributor inventory requirements and national GDP per capita to imply predatory or unrealistic business practices.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose ContradictionLoop · Analogy1 hit
23
The slide uses a green callout box to highlight the specific components of the compensation structure.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose Contradiction1 hit
25
The slide uses a green callout box to frame the mechanism and the subsequent critique of the mechanism.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose Contradiction1 hit
26
The slide uses direct quotes to expose the business model as recruitment-focused rather than retail-focused.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose Contradiction1 hit
27
The slide uses a direct quote to expose the mechanics of a multi-level marketing structure while highlighting the distributor's own awareness of the 'pyramid' label.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose Contradiction1 hit
28
The slide uses direct quotes to contradict the official framing of the income source.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose Contradiction1 hit
30
The slide uses a photograph of a handwritten diagram to demonstrate the pyramid-like recruitment model.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose Contradiction1 hit
31
The slide uses a hand-drawn sketch to explain the recruitment hierarchy, likely to expose the structure of a pyramid scheme or MLM.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose Contradiction1 hit
32
The slide uses a hand-drawn sketch to explain the recruitment structure of distributors, likely to imply a pyramid or multi-level marketing scheme.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose Contradiction1 hit
33
The slide contains a hand-drawn sketch of a hub-and-spoke model with the Chinese character for 'you' in the center and the number 200 written next to a bracket.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose Contradiction1 hit
34
The diagram shows a hierarchical tree structure (likely representing a downline) with the Chinese character '我' (meaning 'I' or 'me') at the top.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose Contradiction1 hit
35
The slide features hand-drawn sketches of network structures, likely from field research.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose Contradiction1 hit
42
The slide uses a table from the 2013 10K to demonstrate that China's contribution margin is artificially inflated compared to other segments.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose Contradiction1 hit
44
The slide uses an internal document to validate specific financial assumptions, likely to challenge public claims.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose Contradiction1 hit
45
The slide uses a red arrow to visually link the internal spreadsheet row to the public 10-K text, highlighting the discrepancy/confirmation.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose Contradiction1 hit
46
The slide uses a red box to highlight the 'China Royalties' row and the specific value 79,082 in the 2010 column.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose Contradiction1 hit
47
The slide uses a red box to highlight the specific rows (54-58) containing the percentage multipliers used for the calculation.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose Contradiction1 hit
49
The slide uses a red arrow to link a table of percentages to a visual breakdown of distributor payouts.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose Contradiction1 hit
50
The slide highlights a discrepancy between public/stated claims and internal operational reality.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose Contradiction1 hit
52
Contains three hand-drawn organizational charts illustrating deep multi-level marketing structures.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose Contradiction1 hit
53
The slide uses a green callout box to present company-reported data, followed by a source note that includes a critical quote from China People's Daily.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor Beat · Expose Contradiction1 hit
58
The slide cites specific legal articles to establish the regulatory framework for direct selling in China.Pershing Square | Activist Presentation Deck | 63 slides · Pershing Square Capital Management
Activist deck Activist investor 1 hit