Talk:Pershing Square Capital Management

Wiki Education Foundation-supported course assignment

This article was the subject of a Wiki Education Foundation-supported course assignment, between 11 January 2021 and 20 March 2021. Further details are available on the course page. Student editor(s): Jc4382.

Above undated message substituted from Template:Dashboard.wikiedu.org assignment by PrimeBOT (talk) 02:15, 18 January 2022 (UTC)

Pershing Square Foundation

There's no reason to add information on Ackman's private foundation to this page, even if they have similar names. This is besides the point that the additions were made without reliable sources. If there is a connection with the foundation and the investment firm, then that should be demonstrated and well-sourced when adding. FuriouslySerene (talk) 18:34, 5 November 2015 (UTC)

You have been reverted on this matter by two different parties, so could you stop nit-picking and bring something constructive to the table? Where is it supposed to go then? In a one-paragraph article which will end up being proposed for merger with the hedgefund? --Midas02 (talk) 03:53, 6 November 2015 (UTC)

I originally reverted FuriouslySerene because I too thought the content was notable and warranted inclusion but after hearing his arguments on my talk page, I don't see any real connection between Pershing Square Foundation and Pershing Square Capital Management, besides Ackman. Do you have any RS making any relationship between the two entities? I wasn't able to find any. Meatsgains (talk) 04:01, 6 November 2015 (UTC)

In the Bill Ackman article. Where it already is covered in some detail. It has nothing to do the investment firm, and until you can show some connection, I am unsure why you are adding it here. Particularly as you are adding it in the "Company history" section - it's a different company. FuriouslySerene (talk) 04:03, 6 November 2015 (UTC)

That's a constructive reply. I wasn't aware it was mentioned there, so that would be a good place to park it. Next time, try discussing before becoming agressive with people. You have previously been cautioned on your attitude, and I was about to report you again myself. --Midas02 (talk) 04:16, 6 November 2015 (UTC)

If you think I did anything wrong here, feel free to report me. I don't think I did anything wrong here. I reverted your edit with 3 reasons (and assumed good faith on your part), and I also later posted here on the talk page. You just went ahead and reverted without discussing here first, and your only explanation was "The foundation website is the source." An editor with your experience is well aware that a link to a foundation's own website is not a reliable source, and you anyways ignored the two other points I made. You only bothered discussing here once I posted to your talk page (which I really did not want to do). I'm sure you were trying to improve the page and I'm sorry if I offended you. But I don't appreciate you lecturing me and suggesting my other comments were not "constructive." FuriouslySerene (talk) 04:39, 6 November 2015 (UTC)

Leucadia National

Hello! Francis here, representing Pershing Square Capital Management. Given my conflict of interest, I'll be sharing suggestions on discussion pages instead of editing directly. I'd like to submit an edit request to correct text in the "Company history" section. Currently, the section starts with:

• In 2004, with $54 million in funding from his personal funds and former business partner Leucadia National, Ackman started Pershing Square Capital Management.

References

Issue: Leucadia National is a company, not a person.

The source used as a citation says, "In 1995, just three years out of business school, Ackman teamed up with Leucadia National, an insurance and real estate company, to make one of just a handful of serious bids for Rockefeller Center when it went on the sales block… In 2004, Ackman started his career anew by launching Pershing Square Capital Management with $54 million from himself and Leucadia National." I propose replacing the text with the following:

• Ackman started Pershing Square Capital Management in 2004 with a seed investment from Leucadia National .

Could someone please update the article's text on my behalf? Thank you! FMatPSCM (talk) 22:55, 28 February 2024 (UTC)

@FMatPSCM I have updated the article with some modifications to the phrase. I'll let you read over it and if you have any more requests, let me know. Kline • talk to me! • contribs 02:18, 29 February 2024 (UTC)

Request to correct text

I would like to submit another edit request to correct text in the "Herbalife" section.

Currently, the section says: "In March 2015, U.S. District Judge Dale Fischer dismissed a suit filed by Herbalife investors alleging the company is operating an illegal pyramid scheme.

References

Issue: This is not accurate. A California Judge dismissed this case against Herbalife in March 2015, but the case was regarding a lack of disclosure. It was not a case to determine if, or if not, Herbalife was a pyramid scheme.

This Reuters source explains, "U.S. District Judge Dale Fischer in Los Angeles, who dismissed a version of the complaint in March, said on Tuesday the Oklahoma Firefighters Pension and Retirement System did not show the defendants defrauded shareholders by concealing the company's inability to track retail sales... 'Herbalife openly disclosed that it was susceptible to legal challenge precisely because its practices occupy the gray area between legitimate multi-level marketing company and illegal pyramid scheme,' Fischer wrote."

For these reasons, I propose replacing the current text with:

• In March 2015, U.S. District Judge Dale Fischer dismissed a suit filed by Herbalife investors who claimed the company defrauded shareholders by concealing the company's ability to track retail sales. The case did not address whether Herbalife was an illegal pyramid scheme and Judge Fischer did not comment on those allegations.

References

Can someone please update the article on my behalf? Thank you. FMatPSCM (talk) 23:40, 2 March 2024 (UTC)