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William Ackman

  1. white men who aren’t afraid to cry
    Bill Ackman Explains How He ‘Lost Control of His Emotions’ at Last Week’s Target MeetingThe activist investor explains himself in a 5,000-word letter.
    By Jessica Pressler
  2. ackmanimal
    Bill Ackman Had a DreamThe activist investor cries, evokes Martin Luther King Jr. and JFK, after losing fight with Target board.
    By Jessica Pressler
  3. white men with money
    Bill Ackman Doesn’t So Much Raid Companies As Cuddle Them Really HardThe gadfly investor discussed his proxy battle against Target at a “town hall”-style meeting with investors yesterday.
    By Jessica Pressler
  4. white men with rubber duckies
    Hedge-Funder Bill Ackman Has Fishies in His ShowerThe Pershing Square manager has put his home on the market, and allows us a glimpse into his shower.
    By Jessica Pressler
  5. white men with money
    Let Them Eat Index FundsAnd also Big Macs.
    By Hugo Lindgren
  6. white men with money
    Avast! Hedge-fund Pirate Bill Ackman Sets His Sights on Big BanksIt’s a humble plan, but he believes it will work.
    By Jessica Pressler
  7. white men with money
    Bill Ackman Apologizes for ‘Dreadful Performance’The Pershing Square hedge-funder is bowed but not beaten.
    By Hugo Lindgren
  8. company town
    The Upper East Side Completes Renée ZellwegerThe actress smoothly buys into a hard-to-crack co-op, while JPMorgan and the New York ‘Times’ struggle, in our daily digest of real-estate, finance, media and law news.
  9. company town
    Sickos Behind Marketing for Airborne Were Lying to Us AllLEGAL • Manhattan’s Tonic East restaurant will pay $35,000 to settle a lawsuit alleging that the eatery discriminated against blacks wearing hip-hop clothing and urban wear to a Super Tuesday event for Barack Obama supporters. [NYT] • Office procrastinators might have to look for a new method for wasting time: Scrabulous is under fire. [DealBook/Alley Insider] • Airborne, the cold-relieving drug of choice for many cube dwellers around the city, will pay $23.3 million to settle claims of false advertising. Says one critic, “Airborne is basically on overpriced, run-of-the-mill vitamin pill that’s been cleverly, but deceptively, marketed.” Holy wow. Anyone want to come together and ratchet this up to class-action against “second-grade teacher” founder Victoria Knight-McDowell? [CNN]
  10. company town
    Katie Couric Must Really Hate GoldfishMEDIA • Katie Couric’s YouTube channel provides real service journalism: While chitchatting with Joe Biden, the CBS anchor recommends viewers tune into her favorite viral video — the one where a little girl watches her goldfish get flushed down the toilet. [HuffPo] • The New York Times op-ed columnists can’t endorse political candidates. This “isn’t a problem” for Maureen Dowd because she doesn’t “do a partisan column.” [NYO] • Vegas, take note: Big Apple broadsheets are front-runners in the race for the Pulitzers. [E&P]
  11. company town
    Have You Heard? There’s a New Economic Freak-out Happening!FINANCE • William A. Ackman of Pershing Hedge Funds got everyone freaking out about bond insurers by issuing a report yesterday afternoon predicting that MBIA and the Ambac Financial Group might just lose $24 billion on mortgage investments. “Here comes Ackman at the 11th hour upsetting the apple cart,” Douglas M. Peta, chief market strategist at J.& W. Seligman & Company, told the Times. “I don’t think anybody has really thought it all through, but we all understand the implications of real trouble in the bond insurers could be far reaching.” [NYT] Related! MBIA announced a $3.5 billion write-down this morning. [CNN] • Wharton is still the number-one place in the universe to pick up an MBA. [FT] • Following in the steps of other CEOs with giant mortgage-related losses, Merrill won’t give its top brass any bonuses. But they will give them stock options “to promote the continuity of the management team as they continue to navigate through challenging market conditions in 2008.” That’s one way to hang on to staff. [Reuters]