Bill Ackman
๐ค SpeakerAppearances Over Time
Podcast Appearances
So I'm going to go to the end of the earth for them. And four and a half million relative to our fund at the end was maybe 400 million. So it wasn't a huge number, but it was a big percentage of what was left after I sold all our liquid security. So I was fighting for it. So we've got four and a half million plus interest for eight years or something. That's how long the litigation took.
So I'm going to go to the end of the earth for them. And four and a half million relative to our fund at the end was maybe 400 million. So it wasn't a huge number, but it was a big percentage of what was left after I sold all our liquid security. So I was fighting for it. So we've got four and a half million plus interest for eight years or something. That's how long the litigation took.
So we got about double. So he owed me $9 million, which to Carl Icahn, who had probably a $20 billion net worth at the time, this was nothing. But to me, it was like, okay, this is my investor's money. I'm going to get it back. And so, you know, eventually we won. Eventually he paid. And then he called me. He said, Bill, congratulations.
So we got about double. So he owed me $9 million, which to Carl Icahn, who had probably a $20 billion net worth at the time, this was nothing. But to me, it was like, okay, this is my investor's money. I'm going to get it back. And so, you know, eventually we won. Eventually he paid. And then he called me. He said, Bill, congratulations.
So we got about double. So he owed me $9 million, which to Carl Icahn, who had probably a $20 billion net worth at the time, this was nothing. But to me, it was like, okay, this is my investor's money. I'm going to get it back. And so, you know, eventually we won. Eventually he paid. And then he called me. He said, Bill, congratulations.
Now we can be friends and we can, we can invest, do some investing together. I'm like, Carl,
Now we can be friends and we can, we can invest, do some investing together. I'm like, Carl,
Now we can be friends and we can, we can invest, do some investing together. I'm like, Carl,
I'm not that kind of person generally, but, uh, you know, he made eight years to pay me, not me, even me, my investors, money they owed. And so I, yeah. So he probably didn't like that. So he kind of hung around in the weeds waiting for an opportunity. And then from there, I, you know, started Pershing.
I'm not that kind of person generally, but, uh, you know, he made eight years to pay me, not me, even me, my investors, money they owed. And so I, yeah. So he probably didn't like that. So he kind of hung around in the weeds waiting for an opportunity. And then from there, I, you know, started Pershing.
I'm not that kind of person generally, but, uh, you know, he made eight years to pay me, not me, even me, my investors, money they owed. And so I, yeah. So he probably didn't like that. So he kind of hung around in the weeds waiting for an opportunity. And then from there, I, you know, started Pershing.
We had a kind of straight line up, you know, we're up in the first 12 years, we could do nothing wrong. Then Valiant, uh, Herbalife, right? He sees an opportunity and he buys the stock. He figures he's going to run me off the road. And so that was the beginning of that. And kind of the moment, and I think it's the, I'm told by CNBC, it's the most watched segment in business television history.
We had a kind of straight line up, you know, we're up in the first 12 years, we could do nothing wrong. Then Valiant, uh, Herbalife, right? He sees an opportunity and he buys the stock. He figures he's going to run me off the road. And so that was the beginning of that. And kind of the moment, and I think it's the, I'm told by CNBC, it's the most watched segment in business television history.
We had a kind of straight line up, you know, we're up in the first 12 years, we could do nothing wrong. Then Valiant, uh, Herbalife, right? He sees an opportunity and he buys the stock. He figures he's going to run me off the road. And so that was the beginning of that. And kind of the moment, and I think it's the, I'm told by CNBC, it's the most watched segment in business television history.
They're interviewing me about the Herbalife investment on CNBC. And then Carl Icahn calls into the show. And we have kind of a interesting conversation where he calls me all kinds of names and stuff. So it was a moment. It was a moment in my life.
They're interviewing me about the Herbalife investment on CNBC. And then Carl Icahn calls into the show. And we have kind of a interesting conversation where he calls me all kinds of names and stuff. So it was a moment. It was a moment in my life.
They're interviewing me about the Herbalife investment on CNBC. And then Carl Icahn calls into the show. And we have kind of a interesting conversation where he calls me all kinds of names and stuff. So it was a moment. It was a moment in my life.
He didn't yet disclose he had a stake. Yeah. But he was just telling me how stupid I was to be short this company.
He didn't yet disclose he had a stake. Yeah. But he was just telling me how stupid I was to be short this company.
He didn't yet disclose he had a stake. Yeah. But he was just telling me how stupid I was to be short this company.