1. CNBC's Scott Wapner: Ackman's Bet Against Herbalife Was 'Dangerous'

    CNBC's Scott Wapner: Ackman's Bet Against Herbalife Was 'Dangerous'

    Legendary investor Bill Ackman made an incredibly risky move when he bet that nutrition giant Herbalife would be shut down by the government, CNBC's Scott Wapner said on Wednesday. Ackman had bet that he would make $1 billion in his short against the nutrition-selling company, accusing it of being a pyramid scheme. "It was a binary bet and it's dangerous. He was betting that the government was going to intervene and shut Herbalife down," Wapner told " Mad Money " host Jim Cramer...

    Read Full Article

    Login to comment.

  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, In the News, Partner Publications, Sponsored Content
  2. Quotes

    1. Maybe a little bit of both, the access
    2. I can tell you that I don't think that Icahn would've made the investment against Ackman all by itself.
  3. Topics Mentioned

  4. Authors