tiffs

Pershing Square’s Bill Ackman appeared on Bloomberg Television for an hour today from the Robin Hood Investors Conference in New York, telling Bloomberg TV’s Stephanie Ruhle that he’ll take his Herbalife bet “to the end of the earth” even as he has lost $400-$500 million on the investment. He also said that Herbalife longs are all 80-year old billionaires. Carl Icahn responded to Ackman in a conversation with Bloomberg TV’s Trish Regan, saying: “I fail to understand how Bill Ackman, whom I haven’t spoken to for years, nor do I intend to speak to, would know what I am or am not committed to. I continue to believe Herbalife has a great future, and in my opinion many of the things Ackman says about it are simply the rantings of a sore loser…Interestingly there is something that Ackman and I have in common. Ackman complained at an Oxford conference that every time I went on TV and mentioned Herbalife, the stock went up a few points. Well, that’s also true of him.” Read more »

When Mark Hughs founded a multi-level marketing company called Herbalife in 1980, he probably thought it had the power to do a lot of things. Help people lose weight. Makes others rich. Shake up the diet industry. What he mostly likely did not expect, however, was that his li’l company that could would reignite a feud between two billionaires that would devolve into a flurry of press releases quibbling over who was dying to be friends with whom, shouting matches on live TV, and, we predict, someone telling someone else he has a right mind to “Rip the eyes out of your head and piss into your dead skull! You messed with the wrong hedge fund manager!” Read more »

In response to Icahn telling Bloomberg he neither likes nor respects the Pershing Square founder, Bill Ackman got a couple important points of his chest last night, the first being that the feeling’s mutual, the second just a little bit of Wall Street trivia: you can tell Carl Icahn is lying if his lips are moving. Read more »

  • 16 Dec 2011 at 12:17 PM

Did Occupy Wall Street Mess With The Wrong Writers?

As fans of Law & Order: Special Victims Unit know, many episodes of the drama are often loosely based on crimes that have been “ripped from the headlines.” Over the summer, SVU shot its Dominique Strauss-Kahn show and last Friday, it attempted to roll the tape on an Occupy Wall Street ep. Unfortunately, a crucial scene that was to take place in Zuccotti Park, OWS’s old stomping grounds, was interrupted by real protestors, angry at being made into a storyline (which, according to the writers, was going to “portray OWS in a sympathetic light”). The show’s filming permit was revoked and the shoot was scrapped. Yesterday, the Writers Guild of America, East issued an open letter expressing its disappointment at the turn of events, especially given WGAE and the SVU team’s public support of OWS. Read more »