Aug
01
The Activist and Herbalife: Just Maybe Ackman’s Right
By
Bill Ackman, near right, at a Senate hearing in April. He has accused Herbalife, a nutritional supplement company, of defrauding its customers. Credit Drew Angerer for The New York Times
Bill Ackman, the activist investor, has been painted as a loser in his yearslong quest to shut down Herbalife, the nutritional supplement company that he bet against, contending it defrauded customers and was a pyramid scheme.
Two weeks ago, Herbalife paid $200 million to settle a case brought by the Federal Trade Commission. Herbalife’s stock rose after the settlement, which showed that investors took the development as little more than a slap on the wrist…
The Activist and Herbalife: Just Maybe Ackman’s Right
