Bill Ackman Will Not Shut Up
Bill Ackman Will Not Shut Up by William Green, Obeserver
In December 2012, Bill Ackman declared war on Herbalife. During a three-hour presentation in New York, he denounced the nutritional-supplement company as a “pyramid scheme” that causes “enormous harm to the most vulnerable communities.” Mr. Ackman also revealed that he had a $1 billion short position and said his target price for the stock was zero.
Over the next two years, he intensified his crusade against Herbalife, which has vehemently denied . . .
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