Bill Ackman

And actually, once we got her, that enabled us to get others. And then we put together our slate. And we had some pretty interesting dialogue with the company. They tried to embarrass us all the time. In the press, publicly, what were you talking about? In the press, publicly. You know, at one point I wrote an email saying, look, let's come to peace on this thing.

And actually, once we got her, that enabled us to get others. And then we put together our slate. And we had some pretty interesting dialogue with the company. They tried to embarrass us all the time. In the press, publicly, what were you talking about? In the press, publicly. You know, at one point I wrote an email saying, look, let's come to peace on this thing.

And actually, once we got her, that enabled us to get others. And then we put together our slate. And we had some pretty interesting dialogue with the company. They tried to embarrass us all the time. In the press, publicly, what were you talking about? In the press, publicly. You know, at one point I wrote an email saying, look, let's come to peace on this thing.

But if we don't, you're really forcing my hand and we're going to have to rent the largest hall in Toronto and invite all the shareholders. And it's going to be embarrassing for management. And I made reference to some nuclear winter. Let's not have it be a nuclear winter. And they thought they'd embarrass me by releasing the email, but it only inspired us.

But if we don't, you're really forcing my hand and we're going to have to rent the largest hall in Toronto and invite all the shareholders. And it's going to be embarrassing for management. And I made reference to some nuclear winter. Let's not have it be a nuclear winter. And they thought they'd embarrass me by releasing the email, but it only inspired us.

But if we don't, you're really forcing my hand and we're going to have to rent the largest hall in Toronto and invite all the shareholders. And it's going to be embarrassing for management. And I made reference to some nuclear winter. Let's not have it be a nuclear winter. And they thought they'd embarrass me by releasing the email, but it only inspired us.

And we rented the largest hall in Canada and we put up a presentation walking through, you know, here's Canadian national, here's Canadian Pacific, here's what they said, here's what they did. And we had Hunter get up. It was this incredibly charismatic guy from Tennessee, that amazing, you know, he's like a lion. Incredibly deep voice, unbelievable track record, incredibly respected guy.

And we rented the largest hall in Canada and we put up a presentation walking through, you know, here's Canadian national, here's Canadian Pacific, here's what they said, here's what they did. And we had Hunter get up. It was this incredibly charismatic guy from Tennessee, that amazing, you know, he's like a lion. Incredibly deep voice, unbelievable track record, incredibly respected guy.

And we rented the largest hall in Canada and we put up a presentation walking through, you know, here's Canadian national, here's Canadian Pacific, here's what they said, here's what they did. And we had Hunter get up. It was this incredibly charismatic guy from Tennessee, that amazing, you know, he's like a lion. Incredibly deep voice, unbelievable track record, incredibly respected guy.

It's like getting Michael Jordan to come out of retirement and come run the company. And Hunter was incredible. And other, Paul Lau, other members of my team were, you know, super engaged. And the board, you know, Canadians are known to be nice. So one of the problems we had is shareholders would never tell management or the board that they were losing.

It's like getting Michael Jordan to come out of retirement and come run the company. And Hunter was incredible. And other, Paul Lau, other members of my team were, you know, super engaged. And the board, you know, Canadians are known to be nice. So one of the problems we had is shareholders would never tell management or the board that they were losing.

It's like getting Michael Jordan to come out of retirement and come run the company. And Hunter was incredible. And other, Paul Lau, other members of my team were, you know, super engaged. And the board, you know, Canadians are known to be nice. So one of the problems we had is shareholders would never tell management or the board that they were losing.

It was not until the night before the meeting when the vote came in, the management realized that they lost. We got 99% of the vote and they offered us a deal. When they begged us to take a deal, they said, look, we'll resign tonight so that we don't have to come to the meeting tomorrow. That's how embarrassed they were. That was kind of an interesting one.

It was not until the night before the meeting when the vote came in, the management realized that they lost. We got 99% of the vote and they offered us a deal. When they begged us to take a deal, they said, look, we'll resign tonight so that we don't have to come to the meeting tomorrow. That's how embarrassed they were. That was kind of an interesting one.

It was not until the night before the meeting when the vote came in, the management realized that they lost. We got 99% of the vote and they offered us a deal. When they begged us to take a deal, they said, look, we'll resign tonight so that we don't have to come to the meeting tomorrow. That's how embarrassed they were. That was kind of an interesting one.

so for in both this proxy battle and um the company itself this was a one of your more successful investments it was i mean the stock's up about 10 times and it's an industrial company it's a railroad it's not like a growth like it's not google uh so it's a great story and the company's now run by a guy named keith creel and keith uh it was hunter's protege and in so many ways he's actually better than hunter uh he's doing an incredible job and we're

so for in both this proxy battle and um the company itself this was a one of your more successful investments it was i mean the stock's up about 10 times and it's an industrial company it's a railroad it's not like a growth like it's not google uh so it's a great story and the company's now run by a guy named keith creel and keith uh it was hunter's protege and in so many ways he's actually better than hunter uh he's doing an incredible job and we're

so for in both this proxy battle and um the company itself this was a one of your more successful investments it was i mean the stock's up about 10 times and it's an industrial company it's a railroad it's not like a growth like it's not google uh so it's a great story and the company's now run by a guy named keith creel and keith uh it was hunter's protege and in so many ways he's actually better than hunter uh he's doing an incredible job and we're

The sad part here is we did very well. We tripled our money over several years. And then I went through a very challenging period because of a couple of bad investments. And we had to sell our Canadian Pacific to raise capital to pay for investors who were leaving. But we had another opportunity to buy it back in the last couple of years. And so we're now, again, a major owner of the company.

The sad part here is we did very well. We tripled our money over several years. And then I went through a very challenging period because of a couple of bad investments. And we had to sell our Canadian Pacific to raise capital to pay for investors who were leaving. But we had another opportunity to buy it back in the last couple of years. And so we're now, again, a major owner of the company.