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Posts Tagged ‘Bill Ackman’

How lobbying dollars prop up pyramid schemes

08
Apr
2014

Last month, a front page New York Times investigative report revealed that Bill Ackman, the hedge fund manager crusading against nutritional supplement company Herbalife, had pressured legislators and paid civil rights organizations upwards of $130,000 to start a federal investigation into the company’s business practices. The New York Times acknowledged that Herbalife has mobilized its […]

Category CA TechnologiesTech Written by The Verge 0 Comments

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Pyramid power: Herbalife’s questionable business practices don’t faze Wall Street

27
Nov
2013

On December 22, 2012, hedge fund manager Bill Ackman gave a three-hour presentation outlining why he believed Herbalife — a 33-year-old, multibillion-dollar, publicly traded nutritional supplement company — was actually an illegal pyramid scheme. Ackman argued that regulators at the US Federal Trade Commission (FTC) should immediately shut Herbalife down. He was so confident in […]

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