P&G goes back to the leadership well.
U.S. stocks opened lower this morning, with the S&P 500 and the narrower, price-weighted Dow Jones Industrial Average down 0.78% and 0.57%, respectively, at 10:05 a.m. EDT. Barring a significant reversal, that puts the S&P 500 on track...Show More Summary
Bob McDonald, the 59-year-old CEO of Procter & Gamble and a 33-year veteran of the company, has stepped down suddenly.
He will be replaced by an old hand: his predecessor, A.G. Lafley (presumably on a temporary basis — Lafley's 65 and...Show More Summary
Billionaire Bill Ackman’s First-Quarter Trades
Bloomberg News' Duane Stanford has a feature in the new issue of Bloomberg Businessweek where Herbalife CEO Michael Johnson refutes hedge fund manager Bill Ackman's claims that the company is a "pyramid scheme."
For the piece, Bloomberg...Show More Summary
A quick scoreboard check in the battle of billionaire hedge fund titans Bill Ackman and Carl Icahn over nutrition supplement seller Herbalife... From New York Post's Michelle Celarier: Ackman, who once had a paper profit of $480 million,...Show More Summary
Herbalife's stock has crossed the $50 mark.
Bill Ackman, the billionaire manager of Pershing Square, has been in the news quite a bit in the last several months thanks to his public statements about his large short position in Herbalife. In December he accused the company of being a pyramid scheme; fellow billionaire and longtime Ackman rival Carl Icahn (see Icahn’s stock [...]
By Jeffrey To: Procter and Gamble (PG) was a favorite stock pitched by hedge fund manager Bill Ackman at The Ira Sohn Conference. His $12B hedge fund holds over 27.9 million shares of PG, making up almost 19% of his portfolio. Ackman...Show More Summary
ByMichael Blair: Canadian Pacific Railway (CP) is certainly topical. The subject of activist investor Bill Ackman's 2012 reorganization and now run by Ackman-backed legendary railroader Hunter Harrison, the stock has gone nowhere but...Show More Summary
Hedge fund billionaire Bill Ackman is leading a group of other real estate investors to buy a $90 million penthouse duplex at One57, the Wall Street Journal reports.
One57 is a super luxurious residential skyscraper overlooking Central...Show More Summary
Billionaire Bill Ackman of Pershing Square Capital has been calling for the turnaround of the mega-cap consumer products company The Procter & Gamble Company (NYSE:PG) for some time now. At the Sohn Investment Conference last week he reiterated his position on P&G, calling out the CEO Bob McDonald. Ackman’s comments at the Sohn conference said [...]
Billionaire Bill Ackman: CEO's Clock Is Ticking
Hedge fund managers meet at the annual Sohn Conference, where they pitch their favorite ideas to raise money for pediatric cancer. This year, Bill Ackman brought forth a simple idea, one which won’t draw him criticism like his Herbalife short last December. Ackman says Procter & Gamble is a top pick Pretty boring, right? The [...]
Bill Ackman is very wealthy. He’s trying to put that wealth to good use not through charity, but through investing it in high-impact organizations. The trick is finding the ones that both give returns and make a difference. Editor’sShow More Summary
One of the most highly anticipated events in finance every year is the exclusive Sohn Investment Conference, which is in its 18th year.
Speakers this year included heavy hitters like David Einhorn, Bill Ackman, Jim Chanos, and Kyle Bass.
Perhaps...Show More Summary
Activist investor Bill Ackman, who runs $12 billion Pershing Square Capital Management, made a bullish case for Procter & Gamble at the Sohn Investment Conference this week. Ackman, whose fund owns more than 27.9 million shares of P&G,...Show More Summary
By Saibus Research: We have been following J.C. Penney Company Inc. (JCP) off and on since 2011 because Bill Ackman had taken a position in JCP and because Ackman was influential in recruiting Ron Johnson away from Apple Retail (AAPL) in order to become JCP's new CEO to succeed Myron Ullman, who was JCP's CEO from 2004-2011. Show More Summary
Fox Business Network's senior correspondent Charlie Gasparino is getting some dirt on the Bill Ackman versus Dan Loeb battle over Herbalife at the SALT conference in Las Vegas. — Charles Gasparino (@CGasparino) May 9, 2013 — CharlesShow More Summary
The Ira Sohn conference invites a number of well-known investment managers to give public presentations of their favorite investing ideas. This year, billionaire Bill Ackman of Pershing Square- except for a brief reference to his last public presentation, when he recommended shorting Herbalife Ltd. (NYSE:HLF) – focused on the long case for The Procter & [...]