date:Jul 24, 2014
During a more than three-hour presentation yesterday, billionaire investor Bill Ackman choked up while describing his familys immigrant beginnings, called Herbalife Ltd chief executive officer Michael Johnson a predator, and labelled that company a criminal enterprise.
Herbalife stock rose 25 per cent.
The increasingly public spectacle of Ackman eviscerating a company on stage, television and online after betting $1 billion that it will fail is raising questions about his credibility on Herbal