Dueling billionaire investors Carl Icahn and William Ackman, who have gone toe-to-toe in a battle over the legitimacy of Herbalife Ltd., were silent Wednesday as the nutritional-supplements maker held a conference call to discuss its better-than-expected fourth-quarter earnings. Mr. Ackman has bet against the company’s shares, setting up a more than $1 billion short position accompanied by a high-profile campaign questioning Herbalife’s business and calling its distribution model a “pyramid scheme.” Mr. Icahn, meanwhile, has taken a 13% stake in the company and said he intends to discuss potential strategic alternatives with the company, which he insists has significant growth potential. The battle has played out in the public eye, notably when the two men sparred last month in a televised war of words on business news network CNBC…Neither Mr. Ackman nor Mr. Icahn spoke on the call. A spokeswoman for Mr. Ackman’s firm declined to immediately comment on the matter. A spokeswoman for Mr. Icahn said he was unavailable to comment. [WSJ, related, related]
a day that will live in infamy
- 20 Feb 2013 at 1:46 PM
- Hedge Fund Manager Keeps A Detailed Record Of All The Asses He's Grabbed
- Former JP Morgan Employee Trades "Root Of All Evil" Gig For Extreme Water Sports
- Area Man Underestimates Just How Much Steve Cohen Hates His Ex-Wife
- Bonus Watch '14: Congrats On Being An Investment Banker
- Bonus Expectations Got You Down? Boss Riding Your Ass? Quit And Support Yourself Via Fantasy Football
- Caption Contest Monday: Charlie Gasparino Holds Court
- Opening Bell: 11.25.14
- Layoffs Watch ’14: Jesse Katsopolis
- Who Wants To Earn An Extra $36K Per Year?
- Jesus Has A Bone To Pick With Brian Moynihan
- Executive Editor
- Bess Levin
How Can We Help You?
- Send tips to:
- For tech issues email:
- For advertising or events email:
- For research or custom solutions email:
- Dealbreaker is published by Breaking Media.
For a full list of our sites, services and staff visit breakingmedia.com