"If you find yourself as an Herbalife employee today, my advice is that you should leave the company because this is not going to be a good thing on your resume. I'd go find another job," the Pershing Square Capital Management CEO said on CNBC's "Fast Money: Halftime Report." Ackman took his short position in Herbalife more than three years ago, and he said Monday his bet against the company is roughly $1 billion. He has publicly crusaded against Herbalife, repeatedly calling it a pyramid scheme and saying its business model harms people. His actions have not prevented Herbalife shares from climbing. The stock has risen more than 40 percent in the last year.
Bill Ackman Has Tons Of New Damning Data Points About Herbalife, None Of Which He Can Reveal At This Time
You're just going to have to trust him when he says this thing's going down.