Matching slides 79,264
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72,301-72,330 of 79,264

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109
The slide uses a bar chart to show that the eBay price is nearly identical to the retail price, supporting the thesis that these products are commodities.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · Expose ContradictionLoop · Logic Chain1 hit
110
The slide uses a contrast-based argument to undermine the company's stated retail profit claims.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · Expose ContradictionLoop · Logic Chain1 hit
111
The slide uses a stacked bar visual to decompose the 73% payout into specific components, contrasting them with the $1.8 billion retail profit figure.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · Expose ContradictionLoop · Logic Chain1 hit
120
This is a classic 'expose contradiction' slide used in activist short-selling presentations to undermine the value proposition of a multi-level marketing company.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · Expose ContradictionLoop · Logic Chain1 hit
122
The slide uses a comparison frame to expose the contradiction between Herbalife's claims and the reality of their distributor churn.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · Expose ContradictionLoop · Logic Chain1 hit
134
The slide uses a visual bridge (dashed arrow) to connect the 'Royalty Overrides' in the P&L table to the 'Royalty Overrides' component in the distributor payout stack.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · Expose ContradictionLoop · Logic Chain1 hit
135
The slide uses a visual flow to contrast the total retail price with the fragmented commission structure.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · Expose ContradictionLoop · Logic Chain1 hit
136
The slide uses a flow diagram to show money moving from a retail customer through various distributor levels, challenging the company's accounting classification.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · Expose ContradictionLoop · Logic Chain1 hit
139
The slide uses a bottom-up estimation approach to fill a disclosure gap in SEC filings.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · Expose ContradictionLoop · Logic Chain1 hit
140
The slide uses a stacked bar visual to represent the composition of distributor payouts.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · Expose ContradictionLoop · Logic Chain1 hit
142
The slide uses a visual 'lockstep' argument to imply accounting manipulation.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · Expose ContradictionLoop · Logic Chain1 hit
143
The slide uses a waterfall-style diagram to break down revenue and expenses, with a specific callout to potential savings.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · Expose ContradictionLoop · Logic Chain1 hit
146
Uses a 54% distributor-facing expense ratio and a 50% recruiting reward ratio to arrive at $291mm.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · Expose ContradictionLoop · Logic Chain1 hit
147
Uses a 'Reality vs Representation' framework to expose the discrepancy in distributor earnings.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · Expose ContradictionLoop · Logic Chain1 hit
148
Uses a before-after framing to expose the discrepancy between company claims and actual financial outcomes.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · Expose ContradictionLoop · Logic Chain1 hit
149
The chart uses arrows to indicate the direction of change for specific components across the business model.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · Expose ContradictionLoop · Logic Chain1 hit
150
The slide uses a quote from an FTC economist to frame the subsequent data comparison.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · Expose ContradictionLoop · Logic Chain1 hit
153
Herbalife, Ltd. (HLF)Herbalife, Ltd. (HLF) · William Ackman
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162
The slide highlights the 'pay-to-play' nature of the compensation structure.Herbalife, Ltd. (HLF) · William Ackman
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165
The slide uses annotations to highlight specific volume plateaus (5,000, 3,000, 2,500) to argue against organic retail demand.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor 1 hit
166
The slide highlights the tiered structure of volume requirements to unlock higher royalty point percentages.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor 1 hit
167
The slide uses red horizontal lines to highlight the 'floor' of volume points, suggesting artificial purchasing to qualify for bonuses.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor 1 hit
169
The red oval highlights the specific period of volume manipulation being questioned.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor 1 hit
170
The slide uses a specific calculation (A*B=C) to compare royalty value against a fixed cost of $1,400 to prove the 'Pay-for-your-Paycheck' thesis.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor 1 hit
171
Uses a specific case study (Anthony Powell) to illustrate a systemic issue in multi-level marketing compensation structures.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor 1 hit
179
The slide uses red circles to highlight the 'Active Leaders' subset and the 39.4% figure, emphasizing the limited scope of the data.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor 1 hit
180
The slide uses a table to highlight a discrepancy in reporting, specifically focusing on the exclusion of inactive and non-sales leaders from the primary earnings disclosure.Herbalife, Ltd. (HLF) · William Ackman
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182
The slide uses a red oval to highlight the misleading column header 'Average Earnings (USD)'.Herbalife, Ltd. (HLF) · William Ackman
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184
The slide uses a specific anecdotal example to highlight a systemic issue of undisclosed costs in the Herbalife business model.Herbalife, Ltd. (HLF) · William Ackman
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185
Uses two side-by-side tables to highlight a discrepancy in the 'Active' metric.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor 1 hit