so that’s nice for him

As you’ve probably heard by now, Bill Ackman gave a little presentation yesterday, on his favorite supplement and diet shakes company, Herbalife. Prior to the event, the Pershing Square founder appeared on CNBC hyping up the thing so hard that he came extremely close to promising video of CEO Michael Johnson threatening to fire employees who refused to snort lethal dosages of Formula 1 Healthy Nutritional Shake Mix (Wild Berry flavor) up their noses. So when the presentation failed to deliver, the disappointment across Wall Street was palpable. Pershing Square investors, however, know a good thing when they see it, and are unfazed. Read more »

  • 08 Jul 2014 at 3:55 PM

Only 50% Of Rajaratnam Brothers Will Do Time

Unlike his brother Raj, currently serving an 11 year sentence for securities fraud, Rengan Rajaratnam will not spend time in the big house. Read more »

Luckily, Steve Cohen could count on Goldman to loan him some scratch. Read more »

Philip Falcone’s LightSquared Inc. will probably be able to borrow $1 billion to finance its exit from bankruptcy as a standalone company, Credit Suisse Securities LLC said in a letter made public Friday. The Credit Suisse Group AG (CSGN) unit said it was confident it could arrange the proposed bankruptcy-exit loan as long as LightSquared, a wireless broadband provider, met conditions including obtaining the “cooperation of all parties-at-interest” in the reorganization and “all required regulatory approvals.” Philip Falcone’s LightSquared Inc. will probably be able to borrow $1 billion to finance its exit from bankruptcy as a standalone company, Credit Suisse Securities LLC said. [Bloomberg]

  • 21 Feb 2014 at 10:30 AM

Bonus Watch ’14: Citi CEOs

Mike Corbat scored himself a nice little raise. Read more »

  • 19 Feb 2014 at 6:03 PM

Tiger Mom Shows Cubs How It’s Done


[via @ldelevingne]



[via @cgasparino]

Now he can squeeze it in in between his afternoon workout session and his standing reservation at the Grand Havana room.

Earlier: Charlie Gasparino: Twitter CEO Dan George Dick Costolo “Looks Like The Kind Of Guy You’d Beat The Hell Out Of”