Bill Ackman Accuses Starbucks CEO Of Hypocrisy Over Leaking Memos To The Media

Hedge fund manager Bill Ackman called out Howard Schultz yesterday evening on Charlie Rose on PBS.

Schultz earlier ripped into Ackman for leaking letters for JCPenney's board in the press.

Schultz, who is friends with the retailer's interim CEO Mike Ullman, called Ackman's actions "despicable" and blamed him for ruining the lives of thousands of JCPenney employees.

Ackman, who said he's never spoken to Schultz, hinted that the Starbucks CEO may have leaked a memo he wrote to the press.

"The reality is Howard Schultz...he brought in Jim Donald. Howard Schultz wrote a memo to the board that was leaked to the press. Not clear who leaked that memo..."

Back in 2007, a memo Schultz wrote to the press to then-CEO Jim Donald was leaked to the press. The board then ousted Donald and brought on Schultz again.

Ackman went on to say that Schultz did a fabulous job with Starbucks.

"Why did that memo end up being leaked?"

It's pretty obvious who Ackman thinks leaked that memo.