+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Carl Icahn Burns Bill Ackman - Says Things Ackman Is Saying Are The Rantings Of A Sore Loser

Nov 22, 2013, 22:48 IST

REUTERS/Jeff ZelevanskyCarl Icahn

Billionaire investor Carl Icahn has fired more shots at his long-time rival Bill Ackman.

Advertisement

Here's what Uncle Carl told Bloomberg TV's Trish Regan earlier today:

"I fail to understand how Bill Ackman, whom I haven't spoken to for years, nor do I intend to speak to, would know what I am or am not committed to. I continue to believe Herbalife has a great future, and in my opinion many of the things Ackman says about it are simply the rantings of a sore loser…Interestingly there is something that Ackman and I have in common. Ackman complained at an Oxford conference that every time I went on TV and mentioned Herbalife, the stock went up a few points. Well, that's also true of him."

Ackman, who runs Pershing Square, was on Bloomberg TV earlier with Trish Regan talking about his Herbalife short. He has lost about $500 million on his short so far.

Herbalife's stock rose more than 5% after Ackman gave another take-down presentation at the Robin Hood Investors Conference and made comments on air.

Advertisement

Icahn owns a massive long position in Herbalife. During the last year, he has publicly called Ackman a "crybaby in the school yard" and said that he would be the victim of the "mother of all short squeezes."

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article