Prince of Darkness

Self-proclaimed “White Knight” Bill Ackman’s legacy is riddled with losses, not just for shareholders but for tens of thousands of his employees.

Ackman and his hand-picked CEO’s have left thousands jobless while their personal wealth has grown. Under Ackman’s lead, J.C. Penney sales collapsed and 40,000 jobs were destroyed in 2012 alone. At Canadian Pacific, a venture Ackman called a home run, 5,000 jobs were eliminated because “organizations every so often have to go through a cleansing.” Watch the video for more on the real Bill Ackman.