Joined Nov 11, 2007
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Flash: Business Insider is Live Blogging Hedge Fund Wars, Starring Carl Icahn and Bill Ackman

Co starring Daniel Loeb.


Activist investor Bill Ackman, the founder of $12 billion Pershing Square Capital Management, is on CNBC now after rival Carl Icahn blasted him yesterday on Bloomberg TV.


We’re already into the segment, and Icahn is already calling in after the commercial break to respond to Ackman.

Yesterday, Icahn, who has publicly said before that he doesn’t like Ackman and has “no respect” for him, ripped into his “holier than thou” short on Herbalife in an interview with Trish Regan.

Icahn also called Ackman “disingenuous” and said he’s not shorting Herbalife “for the good of humanity.”

Ackman then fired back yesterday evening in a press release saying Icahn is a good investor, but he doesn’t keep his word.

Ackman tells CNBC he finds it interesting that Icahn thinks it’s a bad thing that he gave a short at a Ira Sohn event when Icahn also gave a short thesis in 2002 and 2003 at a Sohn Conference.

Ackman says that Herbalife has done harm to millions of people and it deserves scrutiny.

Click here to access live blogging

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