At Columbia Business School, MBA Now Stands For Masters of Bill Ackman

According to the Wall Street Journal, many a business school student is worshiping at the alter of activist investing in general and Bill Ackman specifically.

It won't be long before would-be MBAs are sending their applications to the Ackman Institute of Learning, giddy about the prospect of receiving an interview, though terrified at the prospect of meeting with Dean of Student Life, Carl Icahn.

The swift rise of activist investors such as Mr. Ackman’s Pershing Square Capital Management LP and Daniel Loeb’s Third Point LLC has shaken up American businesses, forcing companies to cut fat or change course. Activist ideas are also shaking up business schools, upending class discussions and attracting a new crop of future investors eager to make a name for themselves. [...] “There are students at Columbia with the singular goal of getting hired by Pershing Square,” said Robert Jackson, a professor at Columbia’s business and law schools.

Activist Investors Are Shaking Up Business Schools, Too [WSJ]


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!"