Ackman Talks Herbalife, J.C. Penney

Apr 8 2013 | 10:45am ET

William Ackman offered a candid take on two of Pershing Square Capital Management's biggest investments on Friday, telling an investment conference that he was "surprised"  by the opposition to his claim that Herbalife is a pyramid scheme and saying his hand-picked CEO at J.C. Penney has been "very close to a disaster."


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