Hedge fund titan Bill Ackman has been on a nearly three-year quest to bring down the $5 billion-in-revenue nutrition giant. Call it destructive activism. But worth asking: Do short-sellers make good regulators?
Disastrous investments in Borders, J.C. Penney and Target haunt Ackman’s past.
Billionaire investor Bill Ackman has a history of investment debacles. His most recent and public campaign against Herbalife is turning into his most expensive failure so far.
In an episode of the hit NBC sitcom “Seinfeld,” Kramer made a bet at an airport that a Pittsburgh flight would be delayed. Coincidentally, his rowdy friend Jerry was on that plane and held up the takeoff. Unfortunately for Kramer, Earl — his counterpart in the deal — caught on. He took back ...
Hedge fund manager Bill Ackman is one of more controversial figures on Wall Street. The head of the $12 billion Pershing Square Capital Management fund has gained the ire of several peers, including Carl Icahn and Dan Loeb, and was even called "despicable" by Starbucks CEO Howard Schultz.
Valeant Pharmaceuticals' 47 percent plunge Tuesday means it's a rough day for a lot of hedge funds. But for Bill Ackman, what will be harder than reversing those stomach-churning losses is trying to repair the damage done to his reputation as an investor.
In the classic 1976 movie “Network,” there is a famous scene where a character played by the late Peter Finch shouts, “I’m mad as hell and I’m not gonna take it anymore!” I feel that same sentiment is growing throughout America, as the cost of our debt and regulatory state has ...