Pershing Square
superior economics running a is a day a year business and an owner operator with his personal interests and incentives can inherently do a better job than a chain manager turner former president and illustrative characteristics of company operated versus operated restaurants structure taxes leverage levered returns general manager company operated operated corporation partnership corporate level tax no corporate level tax low teens salaried employee corporate manager and higher owner entrepreneur | Pershing Square
Company
Deck Type
Deck date
November 2016
Slide
23 of 79
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