slides · global inventory
Fraud Exposure
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Matching slides 6,793
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Framework
6,151-6,180 of 6,793
77
The slide uses annotations to point out specific investment dates and share prices to contrast with the current poor performance.Pershing Square portfolio (multi-holding LP update: MDLZ, VRX, APD, ZTS, CP, QSR, HHC, PAH, FNMA/FMCC, HLF short) · William Ackman
Activist deck Activist investor 1 hit
87
Uses a combination of direct CEO quotes and financial disclosure data to build a case for the 'pyramid scheme' thesis.Pershing Square portfolio (multi-holding LP update: MDLZ, VRX, APD, ZTS, CP, QSR, HHC, PAH, FNMA/FMCC, HLF short) · William Ackman
Activist deck Activist investor 1 hit
17
The slide uses direct quotes from a legal complaint (FTC v. Herbalife) to build its argument.Herbalife, Ltd. (HLF) · William Ackman
Conference presentation Activist investor Beat · Evidence & Proof1 hit
23
This slide is part of a presentation likely by Bill Ackman/Pershing Square regarding their short position on Herbalife.Herbalife, Ltd. (HLF) · William Ackman
Conference presentation Activist investor 1 hit
32
The slide uses screenshots of social media posts to provide evidence of non-compliance.Herbalife, Ltd. (HLF) · William Ackman
Conference presentation Activist investor Beat · Impact & Next Steps1 hit
33
The slide uses screenshots of Instagram/Facebook posts to illustrate the contradiction between company policy and distributor behavior.Herbalife, Ltd. (HLF) · William Ackman
Conference presentation Activist investor Beat · Impact & Next Steps1 hit
34
The slide uses screenshots of Instagram posts to argue that the distributor is flaunting wealth, which is presented as a violation of the FTC agreement.Herbalife, Ltd. (HLF) · William Ackman
Conference presentation Activist investor Beat · Impact & Next Steps1 hit
38
This slide serves as a direct accusation of deceptive practices.Herbalife, Ltd. (HLF) · William Ackman
Conference presentation Activist investor Beat · Impact & Next Steps1 hit
39
The slide uses a screenshot of a Facebook post as evidence of the 'spin' being promoted by distributors.Herbalife, Ltd. (HLF) · William Ackman
Conference presentation Activist investor Beat · Impact & Next Steps1 hit
42
The slide uses a 'claim-response' structure to systematically dismantle arguments made by the company.Herbalife, Ltd. (HLF) · William Ackman
Conference presentation Activist investor Beat · Impact & Next Steps1 hit
04
Uses a table to decompose growth components and a bar chart to show the trend of declining growth.Herbalife, Ltd. (HLF) · Pershing Square Capital Management, L.P.
Activist deck Activist investor Beat · Expose Contradiction1 hit
40
Uses a visual arrow to connect business practices to legal definitions.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · The Struggle1 hit
42
The slide uses a table from the 2013 10K to demonstrate that China's contribution margin is artificially inflated compared to other regions.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · The Victory1 hit
43
The slide uses a table to perform a pro forma adjustment on contribution margins, highlighting the discrepancy between reported and adjusted figures.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · The Victory1 hit
44
The slide uses a screenshot of a spreadsheet to provide primary source evidence of internal financial assumptions.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · The Victory1 hit
45
The slide uses a red box to highlight the matching figures between the internal document and the public 10-K filing.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · The Victory1 hit
47
The slide uses an internal document to expose the mechanical nature of their financial forecasting, specifically targeting the 'China Sales Employees' line item.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · The Victory1 hit
48
The slide uses a stacked bar chart to visualize the components of distributor payout, contrasting retail profit with various bonuses.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · The Victory1 hit
49
The slide uses a red arrow to link a table of percentages to a visual breakdown of the 73% distributor payout.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · The Victory1 hit
50
Herbalife, Ltd. (HLF)Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · The Victory1 hit
51
The slide uses a yellow callout box to highlight the core argument against the company's business model.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · The Victory1 hit
52
The slide uses 'villain critique' style evidence (hand-drawn diagrams) to expose a contradiction between official policy and actual practice.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · The VictoryLoop · Cost Of Inaction1 hit
54
This slide is a classic 'fraud exposure' or 'villain critique' slide, common in activist short-seller presentations.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · The VictoryLoop · Cost Of Inaction1 hit
55
Herbalife, Ltd. (HLF)Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · The VictoryLoop · Cost Of Inaction1 hit
13
The slide highlights the contradiction between Valeant's accounting consolidation of Philidor and their public claim of non-control.Valeant Pharmaceuticals International (VRX) · William Ackman
Activist deck Activist investor Beat · Evidence1 hit
16
The slide uses a direct quote from a legal complaint to undermine the credibility of the subject.Valeant Pharmaceuticals International (VRX) · William Ackman
Activist deck Activist investor Beat · Evidence1 hit
24
The slide uses a bulleted list to structure the case study details, focusing on legal and ethical misconduct.Valeant Pharmaceuticals International (VRX) · William Ackman
Activist deck Activist investor 1 hit
27
The slide uses a structured list format to contrast Valeant's stated answers against the underlying unresolved questions.Valeant Pharmaceuticals International (VRX) · William Ackman
Activist deck Activist investor 1 hit
55
The slide highlights the poor performance of the stock relative to the initial investment price of $10.Multiple (portfolio-level LP update: MDLZ, APD, ZTS, QSR, CP, HHC, VRX, PAH, NOMD, HLF short) · Pershing Square
Activist deck Activist investor 1 hit
67
The slide uses a 'pyramid' metaphor to describe the business model and explicitly labels a company statement as 'false'.Multiple (portfolio-level LP update: MDLZ, APD, ZTS, QSR, CP, HHC, VRX, PAH, NOMD, HLF short) · Pershing Square
Activist deck Activist investor 1 hit