Over the last year I’ve been reporting on the battle between hedge-fund manager Bill Ackman and Herbalife. Bill Ackman has made very little, if any, progress in his attack. Each time he comes at Herbalife with something that looks potentially disastrous, Herbalife returns with further proof that Bill Ackman is wrong. This has no longer become a matter of whether Herbalife is selling good products (the question has never come up once, strangely) or whether they have a good pay plan, or even what their training programs are like.
The main issue, for Bill Ackman, has always been that Herbalife is a pyramid scheme, focusing on only recruiting individuals to make money. The hypocrisy seems to alude individuals paying attention to the ongoing and unforgiving battle. Bill Ackman’s only products offered by his own company is based on one sole result; money. His sole job is to take money and turn it into more money. He’s the CEO of Pershing Square Capital, a company that’s only product is money. Sure, he considers himself an ‘activist investor’ but that alone can seem like an oxymoron to many, especially those who could never afford the Harvard education he received and millions he himself invested to