Posts tagged with 'Dan Loeb'
Billionaire hedge fund manager Bill Ackman believes that Herbalife, a multi-level marketing company, is an illegal pyramid scheme.
And he says not just talking: he's shorted Herbalife stock, which is publicly-traded, to the tune of $1bn.
Yahoo's decision to bring in now-former Googler Marissa Mayer to try to lead a comeback of a once-great internet icon has created quite a buzz and has some critics believing that for the first time in years, Yahoo's board of directors may be taking the company in the right direction.
But in my opinion there's already a worrying sign about the recruitment: Yahoo gave her a deal she couldn't refuse.