Bill Ackman

Bill Ackman’s Persistent Lobbying Efforts Pay Off

This week was looking like one that Bill Ackman would want to forget. It began with a New York Times article that read like something Herbalife CEO Michael Johnson and Carl Icahn might have collaborated on. It continued with yesterday’s $300 million Fannie Mae/Freddie Mac hiccup. Even Ackman’s latest presentation on what he very sincerely hopes is a pyramid scheme, accusing Herbalife of breaking Chinese laws, failed to either lift his spirit or dent its stock price. But this has definitely accomplished the latter, and almost certainly the former. Read more »

  • 11 Mar 2014 at 6:12 PM

Recommended Reading From Herbalife

Perhaps you noticed that The New York Times spilled a very great deal of ink on Bill Ackman’s crusade against Herbalife on Sunday. In short, sayeth the Grey Lady: Ackman spent $1 billion betting that Herbalife was a fraud and has spent the ensuing 15 months or so asking people in power to prove his hunch.

Well, if you hadn’t noticed, Herbalife would like you to take a peek. Read more »

The Pershing Square chief thinks that Fairholme Capital and Perry Capital will win their lawsuits re: the government stealing Fannie Mae and Freddie Mac from their shareholders and directing every last cent of profit into Jack Lew’s slush fund. And he’s figured out how to make even more money from said victory than they will: It begins with not having to pay lawyers to sue the government and ends with common shares doing better than Fairholme and Perry’s preferred shares. Read more »

Last week, Herbalife shares took a bit of a dive after a senator suggested that the SEC and FTC might want to consider possibly looking into whether anything Bill Ackman has said about the company might be true. This week, they’re back to costing Pershing Square investors money, because Herbalife’s chief cheerleader has decided he’ll only be singing its praises privately from here on out, and to the choir, at that, presaging something very bad for said Pershing Square investors, people say. Read more »

Bill Ackman Will Be Sippin’ On Courvoisier Tonight

The Pershing Square chief will take a break from making himself sick on Herbalife Formula 1 shakes—proving they don’t work or whatever—to celebrate his latest victory with some very lucrative hooch. Read more »

  • 07 Jan 2014 at 2:25 PM

Area Hedge Fund Manager Lets His Scalps Talk For Him

How does an activist hedge fund manager express to executives at the subject of of his activism that they’re in his world now? That proposed changes to the company will happen with or without management? That we can do this the easy way or the hard way? Some threaten to take things public, via CNBC, Twitter, and the like. Others use well-timed coughs to mutter “Box up your crap, because you’re all going to be out of here by the end of the day” (followed by “I’m sorry, nagging tickle in my throat”). The best of the bunch, though, the most seasoned activists in the game, prefer a more subtle approach. Read more »

D.A. Davidson’s Tim Ramey enjoyed shoving his vindication, re: Herbalife, in Bill Ackman’s face—see his post-reaudit victory, pre-trip to Disneyland speech here—to end last year so much that he’s planning on another year of it. Read more »