Pershing Square Activist Presentation Deck
Mike Pearson is an Outsider CEO
"These eight CEOs were not charismatic visionaries, nor were
they drawn to grandiose strategic pronouncements. They were
practical and agnostic in temperament, and they systematically
tuned out the noise of conventional wisdom by fostering a
certain simplicity of focus, a certain asperity in their cultures
and their communications."
"Each ran a highly decentralized organization; made at least one
very large acquisition; developed unusual, cash flow-based
metrics; and bought back a significant amount of stock. None
paid meaningful dividends... All received the same combination
of derision, wonder, and skepticism from their peers and the
business press. All also enjoyed eye-popping, credulity-
straining performance over very long tenures...”
William N. Thorndike, Jr., The Outsiders
14View entire presentation