By Nathan Vardi, Forbes Staff It’s hard to say what the highlight was of CNBC’s epic television cage match between billionaire Carl Icahn and hedge fund manager Bill Ackman on Friday. Was it when Icahn called Ackman a liar or was it when Ackman said Icahn is “not a guy who keeps his word,” and added “this is a guy who takes advantage of little people”? Maybe it was when Icahn said Ackman is “like a crybaby in the schoolyard. I went to a tough school in Queens, you know, and they used to beat up the little Jewish boys. He was like one of the little Jewish boys crying”?
Source: FULL ARTICLE at Forbes Latest
Tag Archives: Bill Ackman
Bill Ackman
Investors Side With Carl Icahn: Herbalife Soars After Epic TV Battle With Ackman
By Agustino Fontevecchia, Forbes Staff The Herbalife drama continues to unfold, taking on Hollywood-esque tones as investors Bill Ackman and Carl Icahn duked it out on live television. As the hedge fund titans lashed out at each other, shares in the nutritional supplement company soared, rising as much as 5.7% at one point. Icahn, who called Ackman a “crybaby,” dodged any question regarding his rumored long position in Herbalife.
Source: FULL ARTICLE at Forbes Latest
Talks of Carl Icahn Getting a Piece of Herbalife, Joining Loeb in Long Position
By GuruFocus, Contributor After fellow activist investor, Daniel Loeb set off the media earlier this week with his declaration to obtain a long position in Herbalife (HLF), a company that Pershing Square’s Bill Ackman just shorted weeks ago, corporate raiding Guru Carl Icahn has been reported yesterday afternoon of joining Loeb in taking […]
Source: FULL ARTICLE at Forbes Latest
Bill Ackman's Hedge Fund Looks To Be Off To A Bad Start In 2013
By Nathan Vardi, Forbes Staff Shares of J.C. Penney traded lower on Friday, adding pressure to Bill Ackman‘s portfolio as he wages war over Herbalife.
Source: FULL ARTICLE at Forbes Latest
Herbalife defends its honor as Ackman presses case
Herbalife Ltd executives defended their business on Thursday as a “legitimate company” with customers outside the network of people who sign up to sell its nutrition products, stepping up the defense against pyramid scheme accusations by short seller Bill Ackman.
Pyramid CEO Compensation at Herbalife
By Paul Hodgson, Contributor Since the launch of Bill Ackman’s short attack on Herbalife, there have been almost as many opinions about the company as there are analysts. Igor Greenwald on Forbes is for, while John Hempton in Business Insider is against. Most seem to believe, nevertheless, that the company may well be a […]
Source: FULL ARTICLE at Forbes Latest
Bill Ackman Takes on Herbalife
By Helaine Olen, ContributorPershing Square’s Bill Ackman might well have given a few desperate Americans an early Christmas gift last week when he took on nutritional supplement company Herbalife in a three-hour presentation at a special session of the Sohn Conference in New YorkCity. NEW YORK – OCTOBER 01: Pershing Square Capital Management CEO […]
Source: Forbes Latest
Why Ackman Is Right on Herbalife
By Igor Greenwald, ContributorNo more Herbalife (HLF) for me. Two days ago, I posted a premature defense of the company in advance of Bill Ackman’s presentation. I’ve had a chance to review that presentation now. And I’ll be looking to sell the stock out of family portfolios I manage, because Ackman brought the goods […]
Source: Forbes Latest
Pershing Square's Ackman escalates fight with Herbalife
Activist investor Bill Ackman ramped up his campaign against Herbalife Ltd on Thursday with a three-hour presentation in which he called the weight management products company an unsustainable “pyramid scheme.” The company responded by saying Ackman’s presentation was riddled with numerous “misstatements and mistakes” and complained its executives were denied access to the event.
Source: Fox Business Headlines
USANA Stock Gets Tarred By HerbaLife Brush
By Zacks.com, ContributorUSANA Health Sciences raised its outlook for the full year during its third-quarter report, which also saw this nutrition and personal care products company beat earnings estimates for the seventh straight quarter. shares are down nearly 4% on Thursday as Bill Ackman levied accusations of being a pyramid scheme on HerbaLife.
Source: Forbes Latest
Options Players Wager Big On Herbalife With Ackman On The Attack
By Caitlin Duffy, ContributorOptions on Herbalife continue to change hands at a clip on Thursday, one day after Pershing Square Capital Management founder, Bill Ackman, announced a short position in the stock that sent shares in the marketer of weight management products down as much as 15% during trading on Wednesday.
Source: Forbes Latest
Why Bill Ackman Is Wrong on Herbalife
By Igor Greenwald, ContributorKudos to Bill Ackman for coming forward with his short position in Herbalife (HLF) shares. The famous manager of the Pershing Square hedge fund is due to speak at a specially scheduled Ira Sohn event tomorrow morning. And though he’s reportedly been researching the herbal products company for a year and […]
Source: Forbes Latest
Canadian Pacific Railway to eliminate 4,500 jobs
Canadian Pacific Railway says it will eliminate some 4,500 employee and contractor positions by 2016. New chief executive Hunter Harrison said Tuesday they have already made progress and expect 1,700 positions to be eliminated by year end. CP‘s total workforce is 19,500, which includes employees and contractors. The company says the reductions will be achieved through job cuts, attrition and fewer contractors as part of its restructuring plan. Harrison is an American-born retired CEO of Canadian National Railway and is credited with turning the Montreal-based company into the most efficient major railway in North America. Earlier this year, CP CEO Fred Green announced his departure, ending a months-long battle that pitted New York activist investor Bill Ackman against the board of directors. The railroad has since elected a new board.
Source: Fox World News
