Bill Ackman Makes The Boldest Of Claims


This one doesn't have to do with Herbalife, per se, but the sort of proclamations we've come to knowand love from Bill re: Herbalife in general. Like that it's going to (paraphrasing): be raided by the feds on an exact day, that his next presentation on the company will reveal where all the dead bodies are, literally, like he's going to present the audience with some actual corpses, etc. Those sort of things, you can kiss good-bye. Ackman is sick of the heat he gets for them so no more. You blew it and this is why we can't have nice things. Never again will he engage in big, splashy, public campaigns. Finished. Finito. 100% done. Well, okay, 98%. We've got to leave the door just the slightest bit ajar.

Following a three-year period in which Ackman has had to defend his aggressive short against Herbalife—a battle that has featured not only high-pitched fights against the firm itself but also an epic slugfest against fellow activist Carl Icahn live on CNBC—he said this part of his career is probably over. The head of $18.3 billion Pershing Square Capital Management, appearing Wednesday morning on CNBC, responded with an ominous declaration to a question about whether he has a new short in his portfolio. "You'll never hear about it," Ackman said in response to the questions about a mystery move. "I may be done with public shorts. This may be—Herbalife—one of the last."

Ackman: After HLF, I'm done with 'public shorts' [NetNet]


How Should Bill Ackman And Carl Icahn Settle This Thing Once And For All?

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!"