Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Bill Ackman Says Death to Herbalife, Gives to Charity

BILL ACKMAN screen shot

Bill Ackman, who must seem like Darth Vader to Herbalife’s management, has pronounced a death sentence on the company. This is part of his ongoing campaign to completely annihilate the company because he sees it as fraudulent and unethical. Ackman claims Herbalife’s business model is not legitimate and its main aim is to trick gullible people that they will be salespeople, while many of the purchases are made by those who sell the product.

Herbalife management has threatened to prosecute Ackman for stock manipulation. In response, Ackman says Herbalife collapse, and its stock value will be down to zero within a year, as reported by Reuters. At a Chicago church gathering, Ackman said, “It is an embarrassment to the country that this company exists.” Herbalife management says Ackman is less concerned about ethics than in making a huge profit from his short position. Carl Icahn begs to differ with Ackman. He has a stake in the company and thinks it has a “good business model.”

Herbalife dropped 52% in 2014, which is good news for Ackman, but adds fuel to the fire of Herbalife’s claim that Ackman’s accusations are hurting the business. Ackman said, “I’d be surprised if it isn’t gone within a year.” According to projections, Ackman could make $1 billion if Herbalife is destroyed.

However, to show that he is concerned about the public good and is not just some sadist hellbent on destroying a company to line his own pocket, Ackman pledged $10 million to TheDream US, a charity that provides scholarships to immigrant students.

Wait a minute. That’s $10 million and not $1 billion. Oh well, so much for numbers.

1 Comment

1 Comment

  1. TexTex

    January 15, 2015 at 1:15 am

    Ackman has said since the beginning that he would give his PERSONAL profits from Herbalife to charity. The $1 billion estimated profit is for his INVESTORS, who made no such pledge. Herbalife operates very similar to Amway, the largest MLM scam on the planet. Read about both of them here: http://www.StopTheAmwayToolScam.wordpress.com and forward this message to every non-Amway person you know, so they don’t get scammed.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

empty

The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...

Business

Now Platika joins and elite club of $10 billion plus Israeli firms.

Advertisement
cialis