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Ackman’s Herbalife Presentation Leaves a Funky Aftertaste
It’s hard to fault the depth of Bill Ackman’s research outlining his short position against Herbalife, and the hedge fund manager has certainly been right before. But the presentation felt more than a little self-serving, writes our columnist Stephen Taub.
Pershing Square's Bill AckmanI have conflicting emotions after sitting through Pershing Square founder Bill Ackman’s more than three-hour presentation outlining his case for shorting Herbalife. On one hand, I am in awe of Pershing Square’s excruciatingly detailed and persuasive evidence that Herbalife, a seller of health and related products, is a
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