Herbalife Today Posts First in a New Series of Videos on TheRealBillAckman.com0
LOS ANGELES–(BUSINESS WIRE)–Global nutrition company Herbalife (HLF) today announced the debut of its latest series of videos that showcase observations by the media and other thought leaders about the motives, failed investment strategies and questionable tactics of Bill Ackman. Observers have questioned his scruples and ethics, arguing that he has put his personal agenda ahead of the interests of his investors.
The premier video in the series, “Frequently Wrong, Always in Denial” posted today on TheRealBillAckman.com, illustrates Ackman’s inability to admit his many investment mistakes. Quoted in Vanity Fair, one of Ackman’s hedge fund contemporaries stated “There is a saying in this business: ‘Often wrong, never in doubt.’ Ackman personifies it.”
“As we approach the four year anniversary of Bill Ackman’s unprecedented market manipulation campaign, a campaign that Bill Ackman admitted is costing him approximately $100 million annually in just carrying costs, it is important to point out that numerous respected journalists and industry experts have concluded his self-serving activism and hubris appear to be clouding his judgment, just as it has in the past,” said Alan Hoffman, executive vice president, global corporate affairs, Herbalife.
Hoffman continued: “For close to four years, Bill Ackman has launched a well-funded, aggressive market manipulation campaign, filled with false statements, to support his reckless $1 billion bet against Herbalife. In addition to the investment loss for his investors, Bill Ackman said his carrying costs were approximately $100 million annually, which when combined with the more than $75 million he has spent on lobbying and public relations, adds up to real money.”
Visit http://www.therealbillackman.com/ to watch the video and learn more about Bill Ackman’s utterly unimpressive record and questionable tactics.