NYT's thesis that Ackman's actions prove something is wrong with activism is specious. His actions prove only something is wrong with Ackman
— Carl Icahn (@Carl_C_Icahn) August 15, 2013
Last week on Fox Business, Carl Icahn talked about his Dell position and on Soros' recent stake in Herbalife, which Ackman complained was insider trading/hedge fund collusion. Here is part of the transcript on that via ValueWalk and the Fox Business clip:
On whether he has ever spoken to Soros about Herbalife:
“No I did not. I am not saying that because perhaps thinking about it I would have liked to talk to him about it, that’s not the issue. The issue is Soros is a great investor, love having him in. I didn’t talk to him but it’s an absurdity to listen to Ackman saying these people are ganging up on me. What the hell has he done? When he has a position, he filled the room with 300 people and bad-mouthed Herbalife over and over again and he still does. It’s almost laughable and now he’s talking about a few hedge fund guys meet and discuss the company. I wasn’t at those meetings, I have to say, I wasn’t invited to go to them. I might have gone, I don’t think there’s anything wrong with that, but the irony is Ackman is saying it.”
After Bill Ackman called Herbalife a fraudulent pyramid scheme, a bunch of hedge fund managers took the other side of his short (Dan Loeb, Carl Icahn, and now George Soros). And to some it was personal.
By the way, Icahn's tweet about Apple on August 13 moved the stock up 5%. Icahn Enterprises released a public statement regarding Carl Icahn's Twitter account on August 12 . New SEC rules allow the use of social media to disclose material non-public information.
Related posts on the hedge fund manager rap war:
Carl Icahn vs. Bill Ackman Live on CNBC!
Ackman Responds to Icahn
Carl Icahn Shares His Thoughts On Bill Ackman's Herbalife Short (Video)