Yes, of course it’s theoretically possible that management could go through and fix everything that’s wrong with the firm’s U.S. operations but, really, this is more of a tear down job. Read more »
Posts by Bess Levin
Next month in Jackson Hole, central bankers and various hangers on will assemble for the social event of the year, if you’re a person who likes to discuss monetary policy over canapés. This time around, though, economists from Goldman Sachs, Morgan Stanley, and other banks won’t be in attendance, because in a fit of oh no they di’nt-ness from the hosts at the Kansas City Fed, they weren’t invited. Read more »
Let him know if you’ve got any good apps. Read more »
Yesterday afternoon, hedge fund manager Bill Ackman made a bold statement. A presentation delivered live in midtown Tuesday morning was to be “the most important” one of his career and at the end of it, we would “learn why Herbalife is going to collapse.” On CNBC, he acknowledged that he was “raising expectations,” but assured the public it would not be disappointed. How’d he do? That all depends on what you were hoping for. If it was a PowerPoint that convinced the market that Herbalife, Ackman’s sworn enemy, was going down for the dirt nap, then technically, the hedge fund manager probably disappointed you a little.
Herbalife Ltd.’s shares jumped as much as 14 percent after hedge-fund manager Bill Ackman struggled to convince investors that the seller of weight-loss shakes is guilty of fraud.
On the other hand, if you were hoping for a presentation filled with passion, courage, feeling, and above all, patriotism, your expectations were met and then some. Read more »
In court today, where he pleaded guilty, Frank Perkins Hixon Jr. laid out his thinking:
- This wasn’t about avarice, it was about love
- All he was trying to do was set up a nest egg for the woman with whom he had a two year affair, and their love child
- But because his lady friend would not accept cash, he gave her the next best thing, the proceeds from trades based on material non-public information
Hedge fund manager Bill Ackman has given many momentous presentations in his day: the unveiling of his Herbalife short, his highly emotional address of Target shareholders, and all matters of MBIA. But believe him when he says such things will absolutely pale in comparison to tomorrow’s event. Forget the thousands of hours he’s already spent publicly lambasting Herbalife’s business practices in the past. THIS is the one you REALLY have to listen to. It will be the final word on diet shakes. Read more »
You could also one day read about Griffin signing with the Bulls as their new shooting guard but, again… Read more »
Time was, out of the office networking was the purview of men. Ladies might have been able to break into the corporate world, but they were missing out when it came to off-the-clock bonding with colleagues and/or clients on the golf course, in the strip club, and at the bar at 3AM after drinking for 7 hours straight. Well no longer.
Tired of missing out on the opportunities to get ahead afforded to people who don’t necessarily do the best job at the office but impress the boss with their ability to put back 16 Manhattans during happy hour, businesswomen are going shot for shot with their male counterparts, according to a new study from QZ: Read more »