Carl Icahn Discusses His Strong Dislike Of Bill Ackman On Bloomberg TV

Carl IcahnImage source: CNBC Video Screenshot

Carl Icahn Discusses His Strong Dislike Of Bill Ackman On Bloomberg TV

In a phone interview on Bloomberg TV’s “Street Smart,” Carl Icahn told Bloomberg TV anchor Trish Regan that he doesn’t “like” or “respect” fellow fund manager Bill Ackman, criticizing the way Ackman publicized a $1 billion bet that shares of Herbalife Ltd. (NYSE:HLF) would decline.

Video and excerpts below:

“You don’t go out and get a room full of people to badmouth the company…If you want to be in that business, why don’t you join the SEC?”


On whether Icahn has a long position in Herbalife Ltd. (NYSE:HLF):

 

“I stay away from commenting on positions that we have or we don’t have if they don’t have a 13D on file. I will duck that question and not say yes and not say no.”

 

On Herbalife, and whether Bill Ackman or Dan Loeb is right or wrong in their positions on the stock:

“Look, it’s no secret to the world and to Wall Street – and most guys on Wall Street I sort of like and I get along with – and it’s no secret I don’t like Ackman. I have no respect for him and I don’t like him and that’s not a secret. But that doesn’t mean that I’m going to go in and buy stock in a company necessarily just to get him. Frankly, I don’t like the way he did this anyway. If you’re short, you go short and hey, if it goes down you make money. You don’t go out and get a roomful of people to badmouth the company. If you want to be in that business, why don’t you go out and join the SEC?”

 

On short sellers:

“They shouldn’t take on the job of being a regulator. I don’t think it’s Ackman’s job to go in and say the SEC should be looking at this and I’m going to show you why it’s illegal. If it’s illegal, then go to the SEC and tell them it’s illegal. But don’t go try and make a profit on it.

 

“What I think is not all at all forthright — and he’s giving all the money he makes on charity – but is he giving all the money he makes for his limited partners to charity? Doesn’t that help him a great deal…if the stock goes down and his limited partners make a great profit and he becomes more famous and he gets more money in. So, he’s not doing it for charity.

 

“I wouldn’t even say this, but it’s no secret, I dislike the guy, I don’t respect him, I’ve done business with him and he wasn’t forthright…that’s my opinion…But the real thing is, I don’t think he did this in the right way.”

For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)



About the Author

Sheeraz Raza
Sheeraz is our COO (Chief - Operations), his primary duty is curating and editing of ValueWalk. He is main reason behind the rapid growth of the business. Sheeraz previously ran a taxation firm. He is an expert in technology, he has over 5.5 years of design, development and roll-out experience for SEO and SEM. - Email: sraza(at)valuewalk.com

Be the first to comment on "Carl Icahn Discusses His Strong Dislike Of Bill Ackman On Bloomberg TV"

Leave a comment

Your email address will not be published.