Saturday, 25 October 2014
Last updated 20 hours ago
Mar 27 2014 | 11:56am ET
Nutritional supplements company Herbalife has countered Pershing Square Capital Management’s web site about it with one of its own.
Pershing Square has a $1 billion short bet against Herbalife, which it claims is a pyramid scheme. Last month, the hedge fund’s founder, William Ackman, announced a new website, herbalifepyramidscheme.com, profiling Herbalife’s top distributors. Pershing Square also runs another website, factsaboutherbalife.com, which debuted in December 2012, when Ackman announced the hedge fund’s short.
This week, Herbalife parried, launching iamherbalife.com. The new website features dozens of testimonials from users of its products, and calls Ackman’s allegations misleading. The company, which faces a Federal Trade Commission probe, insists on its site that it is a “legitimate multi-level marketing company.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.