Bill Ackman Wants Everyone Who Says He's A Destroyer Of Companies To See This Chart
Reuters
For one thing, he's had some major losing bets (Herbalife and JCPenney) and they've been very high-profile.
Furthermore, in the case of JCPenney, he's been accused of ruining the company (a sort of valid charge, since he took a big stake and urged the board to go in a disastrous direction with the hiring of Apple's retail chief as CEO) and thus destroying jobs. Starbucks CEO Howard Schultz has been particularly tough on Ackman in public.
So to anyone out there who would accuse Bill Ackman of being a job and company destroyer, the investor has a chart for you.
In his latest letter to investors, he produces a complete table of his activist investments.
Bill Ackman
Part of the purpose of this table is to show that he's had several winning bets so far., and that Herbalife and JCPenney are outliers.
But note the existence of the far-right column, which shows the price of many of these companies today (even the ones in which he's no longer involved). The point there (as you can see with stocks like Wendy's, Fortune, and McDonald's) is that several of the companies he's been involved in, are even higher today, suggesting his activism does not put them on some short term path that's ultimately destructive.
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- A surprise visit: Tesla CEO Elon Musk heads to China after deferring India visit
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market