Hedge fund managers are not trained in divinity school. They pray to the Golden Calf. When they pontificate that their motivation
Trust is the foundation of American capitalism. Unfortunately, many activist investors have damaged that faith. The staying power of activists will depend on whether they are able to regain our confidence through sustained financial performance, heightened innovation, and greater long-term investments, not just immediate gains.
Hours before a negative story hit the press, two large options trades were made.
Now Burger King is asking us to swallow something even unhealthier than their food and lower than their pay. They are asking us to let them off from paying many of the taxes that sustain the very infrastructure, courts, education system and food safety system that enables them to stay in business.
It was in this frame of mind that I attended the 19th annual Sohn Investment Conference at Lincoln Center's Avery Fisher
Ackman's long-standing acrimony with JCP's board has not only distracted the company from concentrating on its business, but also damaged the market's confidence in JCP.
After two previous failures in the retail world, Ackman was determined to make this one work. The result: a painful 17-month transformation attempt defined by nosediving sales, enraged employees and the ousting of the chief executive.
"He did what he felt he needed to do," J.C. Penney chief financial officer Ken Hannah said at a conference a few days after
"What's in it for them? They either don't need the money or there's a lot more downside than not," said Dennis. "Why risk
Aug 12 (Reuters) - J.C. Penney Co Inc and hedge fund Pershing Square's Bill Ackman are in talks to resolve their dispute
Representatives for Pershing Square Capital Management, Ackman's hedge fund, declined to comment. Ullman is at the center
Ackman expressed special disdain for interim CEO Mike Ullman, who was brought on in April to steady the ship following the
During this brief lull in the drama surrounding the nutritional company Herbalife, it's time to reflect on the drama within the drama: the battle between Bill Ackman and Carl Icahn, who have staked out opposing positions in the stock.
"I've really sort of had it with this guy Ackman," Icahn told CNBC, according to Business Insider. Icahn also compared Ackman
I tend to like nice guys. Don't we all? One of my favorite investors is John Templeton. Years after his death, he's still acknowledged as an exemplary person and great investor. But you don't have to be adorable to be a good investor.
Bill Ackman claims Herbalife is a pyramid scheme, and he makes a good case for it. But even if you don't buy his argument, there are other compelling reasons that would make many reasonable people run far and run fast from this company.
Some hedge fund managers feel they are above appearances, if not the law. Some investors believe prostitution isn't a big deal, too. But there's a large cohort of investors that won't go near a hedge fund manager with a reputation for using prostitutes.