Tag Archives: Stephanie Ruhle

Ackman to Reveal True Nature of Herbalife

CEO of Pershing Square Capital Management, Bill Ackman discusses the Herbalife investigation with Stephanie Ruhle. The investigation, which has been going on for about two years, is being conducted by the Federal Trade Commission. Ackman has been active for the last year and a half, trying to get a regulatory interest in the company. According to Ruhle, Ackman has not achieved his goal, however. Despite his best efforts, the price of the company’s stock has not been significantly affected.

With many examples Ackman shows that he has achieved his goals. For instance, he sites that the day after Pershing Square’s China presentation the FTC launched a formal investigation of Herbalife; the Department of Justice has launched a criminal investigation of the company; and the FBI has begun a criminal investigation. There are also several attorneys general who have launched investigations into Herbalife.

On July 22 Pershing Square will disclose at a New York City event an issue that has not been discussed before: an inside look at “nutrition clubs.” According to Ackman, evidence which has been collected over the past year shows conclusively that nutrition clubs, which Herbalife is just one example of, are “complete frauds.”