Carl Icahn Went On A Rampage Against Bill Ackman On TV
At this point, the feud between
Today, we got lucky.
Icahn was on Bloomberg TV with Trish Regan this afternoon, and he got super blunt about his dislike for Ackman.
Not that he really needs to — Icahn has taken the other side of Ackman's now famous
"Look, it's no secret to the world and to
Regarding Herbalife, he said that if Ackman had problems with the company's business model, he should not have a "holier than thou" attitude about the company and say "I'm doing this for the good of the world and I want to see sunshine on Herbalife," Icahn said.
"I mean, that's bull.... I just call it bull. I think it's completely disingenuous, but I think Bill Ackman is disingenuous," he added. "I'm not here to criticize Ackman necessarily but if you ask me about it, I'll tell you that's what I believe."
Regan correctly pointed out that Icahn is getting at the heart of a big philosophical question in today's world of public hedge fund battles. Sh asked Icahn if he thought short-selling and public positions were actually hurting the market, as some have argued.
Icahn agreed:
"You can't go out and say you're honestly good of humanity," he said. "You're doing it because you're selling something short and you want it to go down... If you listen to his (Ackman's) thing, I listened... you're just trying to scare a lot of people and I don't know how that helps the whole market and the whole sense of things... what you should be doing — if you're going to do that by the way and you believe you're doing the right thing — don't go out and short it first, go out and do it. I would say that's not the job of a guy who runs a hedge fund."
And that is why Ackman and Icahn can't even be in the same restaurant together.
Check out the full video below:
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