Today, billionaire hedge fund manager Bill Ackman of Pershing Square Capital gave a three-and-a-half-hour presentation about Herbalife, the company he has a $1 billion short position in, and which he’s spent $50 million to date trying to take down. Things got…weird.
Brendan Mcdermid / Reuters
After a more than 18-month crusade to bring down Herbalife, the company he believes is "the greatest pyramid scheme of all time," hedge fund manager Bill Ackman gave what promised to be his biggest presentation on the stock yet.
But Ackman's presentation to a packed house at an auditorium in midtown Manhattan Tuesday fell flat, dragging on for three-and-a-half hours and not delivering the smoking gun many observers of the Herbalife saga had expected. There were, however, plenty of crazy moments to keep things entertaining, such as:
When Ackman compared Herbalife to the mafia, drug dealers, and Nazis.
Via tumblr.com
When Ackman called Herbalife CEO Michael Johnson a "predator"...
Via tumblr.com
via IFTTT
No comments:
Post a Comment