Carl Icahn’s $51.50 solution (Not)

img_2246When the FTC and Herbalife reached the settlement that will force the “not-not-a pyramid scheme” (as FTC Chair Edith Ramirez put it)  to ensure its salespeople actually sell its protein shakes to consumers, investor Carl Icahn quickly got permission to increase his stake in the company, buoying investor confidence that the draconian settlement was actually good news. But wait for it.. .As soon as he could, Icahn quietly started trying to dump his stock. He couldn’t get his block sale of 17 million shares done—and ended up being more of a “stuckholder” than ever before. Here’s my Fortune story on the tic-toc on what went down between him and Bill Ackman, the man famously trying to bring down the “pyramid.”

http://fortune.com/carl-icahn-bill-ackman-feud/?iid=sr-link1

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s