How did you resolve your public dispute with Carl Icahn over your Herbalife short position?
Replied byBill Ackman
Founder & CEO at Pershing Square Capital Management
Niche: Finance
Revenue: Not Publicly Disclosed/month
Location: New York City, New York, United States
Started: 2004
Carl knew nothing about the company but bought a billion dollars of stock to squeeze our short position. Since then, we have buried the hatchet and hugged it out. The experience taught us that short selling is too dangerous, and we are now completely out of the short-selling business.
0
From the Full Interview
This answer is part of a full interview with Bill Ackman, Founder & CEO at Pershing Square Capital Management.
Share this Answer
Found this insight valuable? Share it with your network to help others learn from Bill Ackman's experience.
Cite This Answer
Use this answer in your research, article, or academic work
Related Answers
How would you describe your relationship with President Trump, and what are your thoughts on his policies?
By Bill Ackman
Finance
Not Publicly Disclosed/mo
How did your 2012 prediction of frighteningly ambitious ideas play out with companies like OpenAI?
By Paul Graham
Finance
Not Publicly Disclosed/mo
How did you protect your mental health to avoid burning out during your career?
By Nigel Morris
Finance
Not Publicly Disclosed/mo
How does your morning boxing routine help you keep your warrior spirit alive?
By Coen Jonker
Finance
Not Publicly Disclosed/mo
Why do you prefer companies with clear paths to positive cash flow over capital-intensive startups?
By Bill Ackman
Finance
Not Publicly Disclosed/mo
What is your perspective on the public debate surrounding diversity, equity, and inclusion?
By Bill Ackman
Finance
Not Publicly Disclosed/mo
How do rising interest rates interact with public debt to prick a bubble?
By Ray Dalio
Finance
Not Publicly Disclosed/mo