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Herbalife Had 'Secret Dossier on Bill Ackman

Shoshanna Delventhal

Ackman and his firm, Pershing Square Capital Management, wreaked havoc on the nutritional supplement company back in December 2012, betting a whopping $1 billion against Herbalife on the grounds that it was an illegal pyramid scheme that preyed on low-income people and minority groups. According to an excerpt from the forthcoming book "When the Wolves Bite: Two Billionaires, One Company, and an Epic Wall Street Battle" by Scott Wapner, cited by CNBC, Johnson ordered a top-secret report on his enemy.