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>> LOEB Latest News

MAR 14, 2013 - Business Insider

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BILL ACKMAN: Herbalife Looks Just Like A Company The Feds Accused Of Being A Pyramid Scheme

Activist investor manager Bill Ackman, the CEO of $12 billion Pershing Square Capital Management, has released a new presentation taking on Herbalife.  Late last year, Ackman publicly announced that he's shorting more than a 20 million shares of Herbalife, a multi-level marketing firm that sell nutrition products. The premise of his short thesis is that he believes the company is a pyramid scheme and that the government will be induced to investigate the company. Ackman has a price target of zero on his short.  In other words, he thinks the company will fail. Taking the other side, ... Read More

Tags: BILL ACKMAN: Herbalife Looks Just Like A Company The Feds Accused Of Being A Pyramid Scheme,  Loeb Latest News