Barry Rosenstein, the founder of Jana Partners LLC, and Jeff Ubben, the chief executive officer of ValueAct Capital Partners LP, said today they don’t believe the seller of vitamins and weight-loss shakes is a pyramid scheme. The executives made the comments in response to a question at the Milken Institute Global Conference in Beverly Hills, California….
As Herbalife battles Ackman, other companies are giving in too easily to the demands of activist investors, Ubben said at the panel….
“They’re rolling over a little too easily right now,” Ubben said of companies targeted by activist investors. “Companies might want to push back a little more because there is some bad behavior going on.”