Ackman Defends Job Record, Avoids Discussion of Legacy

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Mark Melin
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CREW Herbalife Ltd. HLF Bill Ackman speaking

In a recent interview, controversial activist hedge fund manager William Ackman defends himself as a patriotic job creator, but doesn’t address what might be his living legacy. Ackman claimed to be a net job creator The founder of Pershing Square Capital Management claimed to be a “net job creator” because he makes companies more productive and able to last for the long term, he said in a Buzzfeed article by Mariah Summers. “Companies have to be run more efficiently because the world is a competitive place. You can’t just look at a job loss and say that’s a bad thing,”…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

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