Pershing Square Activist Presentation Deck
March 2014, 63 slides
  1. Pershing Square
  2. Herbalife
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in china square capital management | Pershing Square
disclaimer | Pershing Square
in china speakers | Pershing Square
in china outline of presentation | Pershing Square
in china now open | Pershing Square
in china | Pershing Square
in china | Pershing Square
in china | Pershing Square
in china why does keep its compensation plan which is used to recruit distributors in china secret from its investors and regulators | Pershing Square
law direct selling pyramid sales | Pershing Square
in china square investigated whether complies with law sources retained research group reviewed sec filings and internal financial documents | Pershing Square
in china synopsis | Pershing Square
in china research findings in china | Pershing Square
categories of participants in the marketing plan in china in china has three categories of participants preferred customer business representative distributor | Pershing Square
requirements to become a preferred customer to become an preferred customer in china | Pershing Square
becoming a preferred customer the only reason to enroll as a preferred customer is to begin the qualification process to reach the level of distributor and earn commissions without ever enrolling a person who is not a preferred customer can purchase product from a distributor potentially at a discount but may not make retail purchases at retail locations even after enrolling and paying preferred customers must pay full undiscounted retail prices when they purchase products from | Pershing Square
requirements to become a business representative to rise from preferred customer to business representative | Pershing Square
incentives for business representatives compensation for being a business representative so | Pershing Square
retroactive credits paid to upline distributors retroactive credits totaling are paid to business representatives and their upline distributors | Pershing Square
requirements to become a distributor to rise from business representative to distributor in three months by | Pershing Square
requirements for each tier of distributor has five tiers of distributors in china | Pershing Square
requirements for each of five tiers of distributor | Pershing Square
distributor incentives incentive compensation of distributors | Pershing Square
practices make it difficult to learn the truth about hourly consulting pay | Pershing Square
how calculates hourly consulting pay | Pershing Square
distributors emphasize the importance of recruiting | Pershing Square
distributors emphasize the importance of recruiting | Pershing Square
hourly consulting pay is passive royalty income | Pershing Square
distributors emphasize the importance of recruiting | Pershing Square
distributors emphasize the importance of recruiting | Pershing Square
distributors emphasize the importance of recruiting | Pershing Square
distributors emphasize the importance of recruiting | Pershing Square
distributors emphasize the importance of recruiting | Pershing Square
distributors emphasize the importance of recruiting | Pershing Square
distributors emphasize the importance of recruiting | Pershing Square
in china applying law to the facts | Pershing Square
requirements to become a preferred customer violate law paying us | Pershing Square
the required purchase of products to advance in the system violates law | Pershing Square
permitting participants to recruit new participants violates law | Pershing Square
distributor incentives violate law | Pershing Square
in china | Pershing Square
what do sec filings tell us about its china business model | Pershing Square
what do sec filings tell us about its china business model | Pershing Square
an internal document confirms how calculates hourly consulting pay | Pershing Square
an internal document confirms how calculates hourly consulting pay | Pershing Square
an internal document confirms how calculates hourly consulting pay | Pershing Square
an internal document confirms how calculates hourly consulting pay | Pershing Square
an internal document confirms how calculates hourly consulting pay | Pershing Square
an internal document confirms how calculates hourly consulting pay | Pershing Square
an internal document confirms how calculates hourly consulting pay based upon own internal documents does not calculate china sales employees a a china royalties based upon hourly consulting fees instead calculates royalty compensation in china as percentages of retail sales just as calculates royalty overrides in the rest of the world | Pershing Square
distributor incentives encourage recruiting | Pershing Square
business in china has more than pants and more than three levels joint policy directive | Pershing Square
in china promotion through mass rallies | Pershing Square
in china synopsis | Pershing Square
business in china violates law in china operates as it does in the rest of the world as a pyramid scheme violating the direct sales regulations pyramid sales regulations and the criminal law in china sec filings are false and misleading in that they conceal from investors and regulators that in china pays level commission based royalties while characterizing those royalties as a statement of risk factors does not fully disclose its risks under law level commission based | Pershing Square
in china a if you wish to submit a question please it to questions | Pershing Square
law appendix relevant articles from the direct selling law pyramid sales law and criminal law relating to pyramids direct selling | Pershing Square
law direct selling | Pershing Square
law pyramid sales | Pershing Square
law pyramid sales | Pershing Square
law pyramid sales | Pershing Square
law criminal law | Pershing Square
law direct selling pyramid sales | Pershing Square
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