karen ann herskovitz
But he remains bold, and earlier this month won big on Fannie and Freddie, whose stocks have more than doubled since the election. © 2020 Getty Images. April 16, 2019 | 10:02pm | Updated April 17, 2019 | 1:20pm. [citation needed], In December 2012, Pershing Square Capital Management launched a new closed-end fund called Pershing Square Holdings, which raised $3 billion in an October 2014 IPO on Amsterdam's Euronext stock market.

Famous as: CEO of Pershing Square Capital Management, Spouse/Ex-: Karen Ann Herskovitz (m. 1994; div. [77] Since its inception, the foundation has committed more than $400 million in grants since 2006. Get premium, high resolution news photos at … Your Ad Choices Mr. Ackman's team also then started to make payments totaling about $130,000 to some of these groups, including the Hispanic Federation — money he said was being used to help find victims of Herbalife. As of 2013, Ackman owned a Gulfstream G550 business jet.

{{t('buy_card.limited_use_name_'+product.Usage.toLowerCase())}}, {{t('buy_card.limited_use_description_'+product.Usage.toLowerCase())}}, {{getDefaultSize().teeShirtSize || getDefaultSize().label}}, {{getDefaultSize().pixels}} ({{getDefaultSize().localeUnits}}). Soon, Ackman came up with a research report in December 2012, criticizing the multi-level marketing business model of the corporation, describing it as a “pyramid scheme.”. [51][52][53] During the segment, Icahn called Ackman "a crybaby in the schoolyard" and claimed that going public with his short position would eventually force Ackman into the "mother of all short squeezes". ‘Herbalife’ settled the matter with the ‘US Federal Trade Commission’ in July 2016 by agreeing to alter its business model and to pay its distributors an amount of US$ 200 million.

Ackman, worth about $1.6 billion, is the founder and CEO of hedge-fund management giant Pershing Square Capital Management.

While a probe was being made on Ackman’s trading by the State of New York and federal authorities, he commenced a research in 2002 that focused on challenging the AAA rating of the financial services company ‘MBIA.’ He was charged for copying statements of 725,000 pages regarding the financial services company in his law firm's compliance with a subpoena. Vous pouvez utiliser du contenu provenant du site de Getty Images à titre gratuit pour des usages maquette uniquement, pendant au maximum 30 jours à compter du téléchargement. William Albert Ackman (born May 11, 1966) is an American investor and hedge fund manager. Les téléchargements supplémentaires sont soumis aux conditions du contrat relatives aux dépassements. 891, © 2020 NYP Holdings, Inc. All Rights Reserved Sources say things between the couple, who married at the St. Regis in 1994 and have three daughters, are amicable. Sorry, your blog cannot share posts by email. [5] In 2005, Pershing bought a significant share in the fast food chain Wendy's International and successfully pressured it to sell its Tim Hortons doughnut chain. Travaillez en toute tranquillité avec l’option Market freeze (visuel sous embargo) : nous retirerons cette image du site aussi longtemps que vous en aurez besoin, pour la durée de votre choix et avec des options d’achat total. Terms of Use In the middle of it, his marriage of 25 years to Karen Ann Herskovitz ended, late in 2016. Privacy Notice Which celebrity redheads have natural red hair? [57] The hedge was effective, generating $2.6 billion in less than one month. There's no one else.

Citigroup might chill out on pot drug tests for new hires, This story has been shared 1,999 times. [22] PSH reported 17.1% in returns since inception (Dec. 2012 – November 2017) under Ackman's management, 80% below the S&P 500. Ackman sued.

"[10] In 1992, he received an MBA from Harvard Business School. Read the full report at Pagesix.com here. [41], In March 2014, the New York Times reported that Ackman had employed tactics to undermine public confidence in Herbalife to lower its stock price, including pressuring state and federal regulators to investigate the company, paying individuals to travel to and participate in rallies against it, and boosting its spending on donations to nonprofit Latino organizations. They agreed to a "schmuck insurance", under which, if Icahn were to sell the shares within 3 years and made a profit of 10% or more, he and Ackman would split the proceeds.

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