FOX Business Network’s (FBN) Charlie Gasparino reports that “Herbalife Ltd., the embattled nutritional supplements company, has released its second attack-video against its chief nemesis, Bill Ackman, accusing the hedge fund billionaire of enriching himself through activist campaigns that lead to massive layoffs at his targeted companies.”
See the full story here more and the video itself below.
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On Herbalife releasing its second attack-video against Bill Ackman:
“Herbalife Ltd., the embattled nutritional supplements company, has released its second attack-video against its chief nemesis, Bill Ackman, accusing the hedge fund billionaire of enriching himself through activist campaigns that lead to massive layoffs at his targeted companies, the Fox Business Network has learned. ‘Billionaire Bill Ackman would like us to believe his corporate raiding has a higher purpose than mere wealth accumulation but for the tens of thousands of employees who lost their job because of his meddling he is probably more prince of darkness than white knight,’ the video states.”
On the video:
“The video is the second to be featured on the firm’s recently launched website, which also contains various stories about the short-seller’s attacks against the company. An Herbalife spokesman had no comment; neither Ackman or a spokeswoman for his Pershing Square hedge fund had immediate comment…While the first video raised questions about Ackman’s record as a hedge fund manager, citing his flubbed investments in companies such as Borders Group and J C Penny, the second video takes a more class-warfare tone. The video accuses Ackman of taking positions in companies such as J C Penny and Canadian Pacific Railway and prodding management to make massive job cuts in order to satisfy his demands for profits.”