Before the pandemic was ever a thought in our News anchor’s list of headlines…there was a really surprisingly heated argument between two majorly influential investors; Bill Ackman of Pershing Square and Carl Ichan.
Bill Ackman was featured in a documentary about his attempt to publicly shame Herbalife for its multi-level marketing pyramid scheme.
Meanwhile Carl Icahn was incensed by this younger man’s insistence to damage a business he had multiple investments in. And also… they just don’t see eye to eye on anything…even a business deal they had … and Carl would swear on the Bible that Ackman had a verbal agreement with him that he then broke, when there was a complication in the shortfall of the anticipated gains on their joint venture.
Bill Ackman Carl Icahn – a google definition
Featured from Investopedia.com
Ackman and Icahn, a longtime friend of President Donald Trump, buried the hatchet in 2014. With a 26% stake, Carl Icahn remains Herbalife’s largest shareholder. According to TheStreet, Icahn has made almost $1 billion profit from his investment. Meanwhile, Ackman has lost close to $1 billion on Herbalife.