Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue February 2015
 •  SC Johnson Buys HomeBrands A.S.  •  Fewer Women Shopped for Beauty in '14  •  Unilever To Buy REN Skincare  •  Dr. Bronner's Adds Toothpaste  •  Chemical M&A Activity Rises
Print

Herbalife Is Closer to Death, Insists Ackman



Published November 5, 2013
Related Searches: Actives challeng men Skin Care
Post a comment
Herbalife Is Closer to Death, Insists Ackman

For nearly a year, Pershing Square Capital hedge fund CEO Bill Ackman has been calling Herbalife a Ponzi scheme, now he's calling the company's time of death. In a speech given for MBA student at Oxford, Ackman said that Herbalife will be shut down, and that his efforts, "will have made progress in that direction within twelve months," reports Business Insider, citing video of Ackman's speech.

In late 2012 Ackman announced a massive short position in Herbalife, declaring the nutritional supplement company a pyramid scheme. Rival hedge fund titans Daniel Loeb and Carl Icahn challenged him, with Loeb announcing a long position in Herbalife and Icahn questioning Ackman's investment skills in a live showdown on CNBC.

To watch Ackman's Oxford interview, visit YouTube.





blog comments powered by Disqus