This was an easy one. Some years the Asshat award is deliberated, mulled over for weeks amidst cigar smoke filled rooms strewn with supporting documents for prospective candidates. However, in the year of our Lord 2013, Bill Ackman stole the show, without a contest.
It was an especially humiliating year for Bill, due to two of his high profile positions, long JCP, short HLF, continuously punching him in the proverbial face, with special thanks to Carl Icahn. With Ackman’s support, Ron Johnson, ex CEO of JCP, nearly destroyed the century plus old retailer in little less than a year, seeing its share price carved in half, then carved in half, yet again. Following Ackman’s infamous “XMAS PUMP” of 2012, shares of HLF pretty much tripled in 2013, taking hundreds of millions of Bill’s money in the process.
At the same time, Carl Icahn played antagonist and destroyer to Bill’s credentials as a top shelf money manager, firmly placing Pershing Square into “Camp LAMBDA, LAMBDA, LAMBDA“, selling cream pies with Darth Vader helmets on.
Maybe Bill and co are working on some special “aero-dynamically” superior javelins and will take revenge upon Carl and other jocks in 2014. However, until that day comes, he will remain an Asshat, forever remembered as the guy who blew up on the centre stage, losing to a 150 year old guy in a vitamin stock, wearing Joe Fresh shorts and stealing away coupons from senior citizens.
Congrats to “Montauk Bil” Ackman.