- 07 May 2014 at 3:36 PM
Uncle Carl is loving the totally legitimate diet-shake company’s $266 million share buyback. Bill Ackman hasn’t weighed in on the racist pyramid scheme’s move, but it is safe to say he’s not impressed.
Herbalife, the nutrition company that hedge fund manager Bill Ackman has accused of being a pyramid scheme, got a vote of confidence in the buyback plan last month from Carl Icahn, its largest shareholder. Icahn, who owns about 17 percent of Herbalife, called the dividend decision a “great move” on his Twitter account, saying it “confirms confidence in the future.”
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