Pershing Square
objective improve operating performance as a wholly owned subsidiary is not achieving its full business and financial potential does not pay a market rent or a franchise fee unlike a typical adjusting for a market rent and a franchise fee has lower average unit margins than those of an average corporate subsidies in the form of uncharged rent and uncharged fees have led to being run inefficiently over time uneconomical capital allocation decisions suboptimal pricing policy | Pershing Square
Company
Deck Type
Sector
Industry
Deck date
January 2006
Slide
7 of 58
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