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Herbalife Ltd. Message Board

  • squeezetracker squeezetracker Feb 28, 2013 6:44 PM Flag

    Billionaire Bill Ackman’s Ill-Fated Bike Ride: “His Mind Wrote a Check That His Body Couldn’t Cash”

    goog that title and read the Vanity Fair article from today. RIOT!

    There's more guys than just Carl piling onto Ackman's antics here. No one on the street likes the way he tried to F with a solid company, and he has asked for the abuse just now starting. Would you want him managing your wealth? LOL

    He's in even deeper S on JCP than he is on this... and CNBC had an analyst on today suggesting icahn's group was now "messing around" with the JCP bonds. Hmmnn... given JCP burned more cash than they have on hand t12m, is it maybe possible a big bond holder can create problems for shareholders? Ackman owns 39m shares of JCP so he was down roughly $140m+ today before any hedge offset (who needs to hedge when your ego tells you that you're never wrong?

    What was that SAT score Bill? LOL

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    • check it out if you are long

    • Below is part of the article, but the rest of it gets better and better. LOL

    • Billionaire Bill Ackman’s Ill-Fated Bike Ride: “His Mind Wrote a Check That His Body Couldn’t Cash”
      by William D. Cohan 10:00 AM, FEBRUARY 27 2013

      Photos from the 2013 Vanity Fair Oscar Party
      Editor’s Note: There is as much ego as money behind Dan Loeb and Bill Ackman’s battle over the nutritional company Herbalife. The story of their cycling trip from Bridgehampton to Montauk, which has practically achieved urban-legend status in the hedge-fund eco-system, provides a vivid example of what is at stake for the two former friends. Vanity Fair contributing editor William D. Cohan gets Ackman's response on the ride in a story on the rivals that will appear in the April issue. Read an excerpt here—the full story will be released next week.

      The supremely confident billionaire hedge-fund manager Bill Ackman has never been afraid to bet the farm that he’s right.

      In 1984, when he was a junior at Horace Greeley High School, in affluent Chappaqua, New York, he wagered his father $2,000 that he would score a perfect 800 on the verbal section of the S.A.T. The gamble was everything Ackman had saved up from his Bar Mitzvah gift money and his allowance for doing household chores. “I was a little bit of a cocky kid,” he admits, with uncharacteristic understatement.

      Tall, athletic, handsome with cerulean eyes, he was the kind of hyper-ambitious kid other kids loved to hate and just the type to make a big wager with no margin for error. But on the night before the S.A.T., his father took pity on him and canceled the bet. “I would’ve lost it,” Ackman concedes. He got a 780 on the verbal and a 750 on the math. “One wrong on the verbal, three wrong on the math,” he muses. “I’m still convinced some of the questions were wrong.”

      Not much has changed in the nearly 28 years since Ackman graduated from high school, except that his hair has gone prematurely silver. He still has an uncanny knack for making bold, brash pronouncements and for pissi

 
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