Talk:Bill Ackman
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Untitled
I took out this line "The Fund had 40%+ returns over the past ______" the blank should not be on wiki page. if someone can fill in the blank, sure put it back, but until then it should not be here. —Preceding unsigned comment added by 132.216.86.52 (talk) 04:45, 12 November 2008 (UTC)
Gotham Partners Is Actively Changing Some of the Content
I am reverting edits in the main article that originate from Gotham Partners as they are part of the subject of this article... Additionally, their edits are unproductive and are designed to remove content that is pertinent from the topic... The culprit(s) are at the IP address below...
Note: Shortcut URL to this Demo for IP Address 1.2.3.4 is http://www.ip2location.com/1.2.3.4
IP Address Country Region City Latitude/ Longitude ZIP Code Time Zone 66.151.197.5 UNITED STATES NEW YORK NEW YORK 40.7488 -73.9846 10017 -04:00 Net Speed ISP Domain DSL GOTHAM PARTNERS - IDD Code Area Code Weather Station 1 212/646/718/917 USNY0833 - LONG ISLAND CITY
Stevenmitchell (talk) 05:52, 24 August 2009 (UTC)
Speedy deletion of William Ackman
A tag has been placed on William Ackman requesting that it be speedily deleted from Wikipedia. This has been done under section A1 & A7 of the criteria for speedy deletion, because it is a very short article providing little or no context to the reader. Please see Wikipedia:Stub for our minimum information standards for short articles.
If you think that this notice was placed here in error, you may contest the deletion by adding {{hangon}}
It is requested that an image or photograph of Bill Ackman be included in this article to improve its quality. Please replace this template with a more specific media request template where possible.
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to the top of the page that has been nominated for deletion (just below the existing speedy deletion or "db" tag), coupled with adding a note on the talk page explaining your position, but be aware that once tagged for speedy deletion, if the page meets the criterion it may be deleted without delay. Please do not remove the speedy deletion tag yourself, but don't hesitate to add information to the page that would render it more in conformance with Wikipedia's policies and guidelines. Lastly, please note that if the page does get deleted, you can contact one of these admins to request that they userfy the page or have a copy emailed to you. You Talkin' to Me??? (talk) 20:16, 9 September 2009 (UTC)
The speedy deletion request has been reinstated. There are plenty of news articles relating to William Ackman, but the importance of him and his companies success and failures are of disputable value to society and Wikipedia. If you disagree, please discuss further here and place the {{hangon}}
to the top of the page that has been nominated for deletion (just below the existing speedy deletion or "db" tag)You Talkin' to Me??? (talk) 14:49, 10 September 2009 (UTC)
- removed twice, by different eds, including myself as reviewing administrator. Considering the size of the business, he seems clearly notable-- and there are good sources. Er go by the sources. A claim that the business is not useful to society is irrelevant entirely. I refer to your talk page, where it seems you have been editing from a non-neutral POV. DGG ( talk ) 15:31, 10 September 2009 (UTC)
You Talkin' to Me??? (talk) 21:13, 10 September 2009 (UTC) the "size" if this business is unclear in footnotes and references. Please point me to the specifics of his hedge fund's sizes and relevance to society.
I have to say that that this is definitely an important article and should not be deleted. I do think though that it needs to be expanded to included his attempted takeover of Target Corp. Neosiber (talk) 18:38, 15 September 2009 (UTC)
Question
Is Bill Ackman jewish? His last name is scottish. I noticed he is involved in the jewish community. Did he convert or did his family change their name? More curious than anything as my last name is close to his and am trying to trace it. — Preceding unsigned comment added by 99.250.126.246 (talk) 18:47, 3 January 2012 (UTC)
Of course, he's jewish. You don't need to look at his bio. Just look at his charitable contributions. Not a dime for flyover white goyim. — Preceding unsigned comment added by 2600:8800:5D80:F29:69E1:2153:9FD5:1377 (talk) 20:29, 26 March 2020 (UTC)
MBIA
Are the actions around MBIA Ackman acting on his own? Or are they activities of Gotham Partners, Pershing Square, or both? — Preceding unsigned comment added by 216.123.198.29 (talk) 20:42, 9 January 2012 (UTC)
Shortening philanthropy section
I just now moved some information from "personal life" which treated solely the subjects activities in the philanthropic sector, and in so doing indeed expanded the size of that section on this page. After reviewing it I am of the opinion that it is unnecessarily long and that much of the specific information can be summarized. Some of the donations are notable, given their coverage in mainstream outlets, but many of them are not particularly notable as evidenced by the sources provided (PRnewswire, various other non-independent sources, etc.), so I don't think it should be an issue. I am just announcing my intentions here in case such a change should cause any distress or arouse disagreement among any other active editors of this page. TheSoundAndTheFury (talk) 23:50, 4 January 2013 (UTC)
- @TheSoundAndTheFury: I've kept the grant sourced to PRnewswire but condensed the Philanthropy section by removing promotional tone and unnecessary descriptions. Meatsgains (talk) 04:30, 16 April 2016 (UTC)
Ackman and Icahn
Nothing yet about the rather spectacular televised brawl between this fellow and Carl Icahn on CNBC?
Herbalife criticism section
This is a one-sided title and section and not representative of the news that comes out every day. It should be more like Herbalife or Hebalife Short or Position and show the opposing views from reliable sources. --OnceaMetro (talk) 15:57, 27 February 2015 (UTC)
- @OnceaMetro: Little late to your post but I went ahead and neutralized the heading to "Herbalife short" for neutrality. Meatsgains (talk) 04:22, 16 April 2016 (UTC)
External links modified
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Dilbert
Bill Ackman was mentioned in the Dilbert comic on September 6, 2014 - http://dilbert.com/strip/2014-09-06 Is this worth adding to the article? If so, where? GoingBatty (talk) 12:26, 5 September 2017 (UTC)
- No. It's a passing pop culture reference. See WP:IPCEXAMPLES. --Animalparty! (talk) 21:01, 27 February 2018 (UTC)
A Commons file used on this page has been nominated for deletion
The following Wikimedia Commons file used on this page has been nominated for deletion:
Participate in the deletion discussion at the nomination page. —Community Tech bot (talk) 05:08, 27 November 2018 (UTC)
COVID-19 hedge
His amount of credit protections against his bets against the markets are unknown. The premiums paid and comission costs amounted $27 million. Not the credit protections!!! TobiOne007 (talk) 15:35, 31 March 2020 (UTC)
Source: CNBC TobiOne007 (talk) 15:36, 31 March 2020 (UTC)
Personal life
@Deltagammaz: Several months ago you added the following sentence to the “Personal life” section.
- In late 2019, emails obtained by The Boston Globe showed Ackman attempting to cover up his wife's involvement with MIT Media Lab donations received from Jeffrey Epstein.
To say Ackman attempted to cover up his wife’s involvement is a misrepresentation of the information contained in the supporting citations. None of the four citations use the words “cover up.” I am requesting a revision of that sentence to more accurately reflect the cited sources.
- In late 2019, emails obtained by The Boston Globe showed Ackman requested that the former MIT Media Lab director avoid naming his wife when discussing Jeffrey Epstein.”
Please note I work for Rubenstein and am making this request on behalf of Pershing Square Capital Management. NinaSpezz (talk) 21:09, 10 November 2020 (UTC)
- Seems like a fair revision request (shrug) Nickgray (talk) 21:20, 10 November 2020 (UTC)
- @NinaSpezz: I disagree. The emails were very clear. Lets define "cover up":
- Merriam webster defines cover-up as: a usually concerted effort to keep an illegal or unethical act or situation from being made public
- The emails show Ackman trying to do just that, cover up. Neri received a large donation from Jeffrey Epstein in 2015, years after he was a registered sex offender and convicted of pedophilia. I would consider that unethical behavior. When journalists learned of those donations and other associated connections between Neri and Epstein Ackman attempted to cover up his wife's involvement by coaching the Lab director on what to say (not to use Neri's name) and had his legal and comms teams help. If that's not covering up I don't know what is.
- I am willing to meet in the middle on this... how about something along the lines of?:
- In late 2019, emails obtained by The Boston Globe showed Ackman requesting that the then MIT Media Lab director avoid naming his wife (Neri Oxman) when responding to press inquiries about a $125k gift given to her lab in 2015 by Jeffrey Epstein.
- I appreciate your disclosure of a COI rather than other PR firms that ruin wikipedia. Deltagammaz (talk) 23:31, 10 November 2020 (UTC)
- @Deltagammaz: I am okay with your suggested revision. Appreciate your collaboration on this. NinaSpezz (talk) 00:57, 11 November 2020 (UTC)
- I incorporated Deltagammaz's suggested text revision into the article. NinaSpezz (talk) 16:38, 12 November 2020 (UTC)
Investing Style
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I work for Rubenstein and on behalf of Bill Ackman and Pershing Square Capital Management, I would like to flag that the citation used in the intro paragraph[1] does not support this sentence:
- Ackman is considered by some to be a contrarian investor but considers himself an activist investor.
The Reuters article makes no mention of contrarian investing or the kind of investor Ackman considers himself.
The investment style section of this page notes: Research published at the University of Oxford characterizes Ackman's activities with Canadian Pacific Railway as paradigmatic of "engaged activism," which is longer-term in nature with correlated benefits to the real economy, and distinct from shorter-term "financial activism.”[2]
I am requesting a rewording of the intro paragraph sentence to say:
- Ackman is considered an engaged activist investor, which is long-term in nature.[2]
NinaSpezz (talk) 23:02, 5 February 2021 (UTC)
References
- ^ O'Donnell, Carl; Herbst-Bayliss, Svea (23 November 2015). "Ackman boosts stake in drugmaker Valeant". New York, N.Y., United States: Reuters. Thompson Reuters. Archived from the original on November 10, 2019. Retrieved 24 December 2015.
- ^ a b Rojas, Claudio. "Eclipse of the Public Corporation Revisited: Concentrated Equity Ownership Theory". The University of Oxford. Archived from the original on August 5, 2019. Retrieved June 27, 2017. ("A common misconception, that all shareholder activists are focused on short-term returns, is rooted in an antiquated phase in US capital markets history – particularly, the highly opportunistic transactions of 1980's 'corporate raiders'. In recent years, however, shareholder activism has noticeably shifted towards longer-term value creation".)
- @NinaSpezz: Done That seems fair. –MJL ‐Talk‐☖ 21:22, 24 February 2021 (UTC)
Borders Group/Barnes & Noble - unsourced
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I work for Rubenstein and on behalf of Bill Ackman and Pershing Square Capital Management, I would like to flag that a sentence in the second paragraph of the Pershing Square Capital Management section is unsourced. I am requesting the removal of the unsourced content in that paragraph:
- In December 2007, his funds owned a 10% stake in Target Corporation, valued at $4.2 billion through the purchase of stock and derivatives.[1]
In December 2010, his funds held a 38% stake in Borders Group and on December 6, 2010, Ackman indicated he would finance a buyout of Barnes & Noble for US$900M.
NinaSpezz (talk) 14:24, 26 February 2021 (UTC)
- NinaSpezz, I have found this reference and added it: https://dealbook.nytimes.com/2010/12/06/ackman-offers-to-finance-a-borders-bid-for-barnes-noble/ Caius G. (talk) 22:09, 12 March 2021 (UTC)
References
- ^ Bary, Andrew (May 25, 2009). "Ackman's Target Campaign Is Off-Target". Online.barrons.com. Archived from the original on December 12, 2013. Retrieved July 28, 2014.
Herbalife Short
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I work for Rubenstein and on behalf of Bill Ackman and Pershing Square Capital Management, I would like to request the removal of the following paragraph within the Herbalife short section as it is incorrect, poorly sourced, and irrelevant to the subject of this page:
- At an investor conference in January 2013, the company released results of a Nielsen Research International survey showing 73% of Herbalife distributors never intended to make money by reselling the product. Instead, they wanted to buy products at a discount for personal use.[1] To make the distinction clearer, the company announced on its June 2013 earnings call that it would begin referring to these discount buyers as "members" rather than "distributors." [2]
The survey referenced was conducted by Lieberman Research Worldwide, not Nielsen Research International.
The sources used - Herbalife's Investor Day Presentation and the transcript of the Herbalife Q2 2013 earnings conference call - are primary sources and neither mention Bill Ackman.
In addition, the claims made in this paragraph were refuted by a complaint filed by the FTC in 2016[1], which alleged:
- 15. Individuals who participate in Defendants’ business opportunity are called “Distributors” (also referred to herein as “participants”). In 2013, Defendants began calling participants “Members” rather than “Distributors.” The change in terminology, however, was not accompanied by any substantive change to the nature of the business opportunity available to Herbalife participants.
- 98. Since 2013 Defendants have publicly claimed or implied that a mere 27% of their Distributors are pursuing the business opportunity either full-time or part-time, and that a “substantial majority” (73%) are simply interested in buying Herbalife products for their own personal consumption.
- 99. Defendants’ express or implied claim that a “substantial majority” of their Distributors are not pursuing the business opportunity is based not on Distributor behavior, but on surveys commissioned by Defendants beginning in July 2012 that are flawed and unreliable. For example, many survey participants who were included in the category of Distributors who purportedly “joined Herbalife primarily as discount customers” themselves reported that they quit Herbalife because “finding new customers was too difficult and/or time consuming,” or the “business was harder than [they] originally believed.”
NinaSpezz (talk) 17:33, 16 March 2021 (UTC)
References
- ^ "Herbalife Investor Day Presentation" (PDF). Archived from the original (PDF) on March 4, 2016. Retrieved October 2, 2019.
- ^ "Herbalife Earnings Call Transcript" (PDF). Archived from the original (PDF) on March 4, 2016. Retrieved October 2, 2019.
- NinaSpezz the reasoning provided by you for the removal of the segment is not enough compelling. Plus the sources seem fine and adequately describe what is written in the article right now. Chirota (talk) 22:54, 1 May 2021 (UTC)
- MJL You were helpful in implementing a requested edit I made earlier this year. Hoping you might be able to weigh in on my latest request, above. NinaSpezz (talk) 15:43, 21 May 2021 (UTC)
Correction re: Pershing Square Tontine Holdings
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Hello! Francis here, representing Pershing Square Capital Management. I've registered an account here to propose article improvements, starting with the Bill Ackman biography. Given my conflict of interest, I'll be offering suggestions on discussion pages instead of editing directly. Previously, NinaSpezz from Rubenstein submitted a few requests on PSCM's behalf, as seen above. Thanks for being patient as I familiarize myself with Wikipedia!
To start, I'd like to propose changing $3 billion to $4 billion in the Pershing Square Tontine Holdings section, per MarketWatch. This article, titled "Bill Ackman's Pershing Square Tontine raises $4 billion as IPO prices at $20 a share", says: "Pershing Square Tontine Holdings Ltd. PSTH.U, , a special purpose acquisition (SPAC), or blank check company, formed by billionaire investor Bill Ackman, raised $4 billion as its initial public offering of 200 million shares priced at $20 a share." Could someone please update the article's text on my behalf? Thank you! FMatPSCM (talk) 19:00, 10 May 2022 (UTC)
- Done Ptrnext (talk) 19:40, 3 June 2022 (UTC)
Title update
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I'd like to suggest another improvement to this Wikipedia article. Currently, the first sentence of the "Early life and education" section says Ackman is "the son of Ronnie I. (née Posner) and Lawrence David Ackman, the chairman of a New York real estate financing firm, Ackman-Ziff Real Estate Group."
Lawrence Ackman is currently Chairman Emeritus of Ackman-Ziff Real Estate Group, per Pershing Square Foundation and Harvard Business School.
I suggest changing the text to either "... Lawrence David Ackman, the chairman emeritus of a New York real estate financing firm" OR "... Lawrence David Ackman, the former chairman and current chairman emeritus of a New York real estate financing firm".
I'm just trying to make the text more accurate and I'll let editors decide what's best. Thanks! FMatPSCM (talk) 21:37, 16 May 2022 (UTC)
- Done Ptrnext (talk) 19:40, 3 June 2022 (UTC)
Politics
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I have another request for the Wikipedia article. Currently, the Philanthropy section says, "Ackman endorsed Michael Bloomberg as a prospective candidate for President of the United States in the 2016 presidential election. He is a longtime donor to Democratic candidates and organizations, including Richard Blumenthal, Chuck Schumer, Robert Menendez, the Democratic National Committee, and the Democratic Senatorial Campaign Committee."
I suggest moving this text from the Philanthropy section to the Personal life section. I don't believe political endorsements and contributions are considered philanthropy. Thank you! FMatPSCM (talk) 17:27, 2 June 2022 (UTC)
- Done Ptrnext (talk) 19:40, 3 June 2022 (UTC)
Gotham Partners section update
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@Ptrnext: Thanks for reviewing my requests and updating the article for me. Since the three above requests have been answered, I'd like to submit a new one, this time to update text in the Gotham Partners section. Specifically, the following sentence is problematic: "Despite an ongoing probe of his trading activities by New York state and federal authorities, in 2002 Ackman researched MBIA in order to challenge Standard & Poor's AAA rating of its bonds."
There is no ongoing probe. An investigation occurred in response to Bill Ackman's public views about MBIA. His views were proven correct and he was completely exonerated, per The New York Times, which says, "Mr. Spitzer opened an investigation into whether Gotham Partners, Mr. Ackman’s firm at the time, manipulated the market by publishing research promoting its positions. He eventually dropped his investigation, and Mr. Ackman was exonerated, but not without having his reputation tarnished for a time." Therefore, I propose removing the text "Despite an ongoing probe of his trading activities by New York state and federal authorities" and adding language which informs readers that Eliot Spitzer's investigation as attorney general of New York was dropped and Bill Ackman was exonerated. I'm seeking to make the article's text more accurate and neutral, and I hope editors will agree this request seems fair.
Can Ptrnext or other editors please review and update the article on my behalf? Thanks again! FMatPSCM (talk) 19:03, 7 June 2022 (UTC)
- Hello! I think the editor meant that the probe was ongoing in 2002, so instead of removing it, I could rephrase it as "In 2002, Ackman researched MBIA in order to challenge Standard & Poor's AAA rating of its bonds, despite an ongoing probe of his trading activities by New York state and federal authorities." Per your suggestion, I could then follow up that the investigation was eventually dropped, and the fact that (according to The Globe and Mail) NY-AG began to probe MBIA itself. What do you think? Ptrnext (talk) 20:12, 8 June 2022 (UTC)
- @Ptrnext: Thanks for reviewing this request. I'm mostly ok with the proposed way to continue. My only concern is the first sentence sounds like the probe related to other trading activities. I would suggest: "In 2002, Ackman researched MBIA in order to challenge Standard & Poor's AAA rating of its bonds, and New York state and federal authorities opened a probe into Mr. Ackman's firm after he published his findings." Then as you suggest, it would be great to follow that up to note that the investigation was eventually dropped and that (according to The Globe and Mail) the NY-AG began to probe MBIA itself. Thanks again for your assistance. FMatPSCM (talk) 18:10, 17 June 2022 (UTC)
- @FMatPSCM: Thanks for your update. The confusion (from my side) seems to arise because there were more than one lawsuits or investigations happening. In the earlier para, the citation talks about a different lawsuit in 2002, and also talks about NY-AG launching an investigation unrelated to MBIA[2]
- In 2002, however, Ackman's young career took a decided turn. The New York Supreme Court blocked a merger between one of his investments, Gotham Golf, and First Union Real Estate in response to a lawsuit by preferred stockholders. Ackman decided to stop making investments and wind down Gotham because of the distraction of the litigation. (A New York appellate court later ruled in Ackman's favor and reversed the Supreme Court's decision.)
- and
- In 2003, then-New York Attorney General Eliot Spitzer launched an investigation into Gotham's trading practices after the investment firm wrote an article praising a company, Pre-Paid Legal Services, and then sold its stock. Ackman said he liquidated Pre-Paid's stock, as well as all of its public investments, because he was winding down his fund.
- And then there's the WSJ piece:
- Mr. Spitzer and the SEC are examining complaints from companies whose stocks were hit after negative research by hedge funds. The companies include MBIA Inc.; Federal Agricultural Mortgage Corp., known as Farmer Mac; and Allied Capital Corp.
- and
- Mr. Spitzer already has launched an investigation into whether Gotham misled investors with inaccurate stock research;
- I still don't fully have the right timeline of events to tweak that sentence. Any suggestions or additional citations to help with this? Also, if someone else wants to update it, feel free to do so. Ptrnext (talk) 19:11, 17 June 2022 (UTC)
- @Ptrnext: Sorry for the delayed response here, but hopefully I can help clarify. I think there's some confusion about lawsuits brought by non-government folks vs. 'probes' brought by the government. There was not an ongoing probe when Bill announced his research about MBIA. The sources shared here note that Bill did his work on MBIA in 2002. Spitzer did then investigate, but that was in 2003, which is why I suggested a text change. It's true that there was a lawsuit in 2002, but that was unrelated and brought by shareholders, not the government. I hope this is helpful. FMatPSCM (talk) 19:15, 8 July 2022 (UTC)
- @FMatPSCM: Thanks for your update. The confusion (from my side) seems to arise because there were more than one lawsuits or investigations happening. In the earlier para, the citation talks about a different lawsuit in 2002, and also talks about NY-AG launching an investigation unrelated to MBIA[2]
- Done. Hello, I made an update. Since the section doesn't go into MBIA probe, I didn't add language that Eliot Spitzer's investigation as NY-AG was dropped and Bill Ackman was exonerated. Ptrnext (talk) 04:26, 11 July 2022 (UTC)
- @Ptrnext: Thanks for your help here! I've submitted a request to remove redundant text below, if you're interested in reviewing. FMatPSCM (talk) 17:48, 15 July 2022 (UTC)
- Hello FMatPSCM, I'll leave this one to another editor. I feel that these redundancies might be OK since the Wendy's one highlights Ackman's investor activism. Also, if we are removing the one on Target Corp., we should probably also remove the company from his notable market plays in a later section ("His most notable market plays include...and his stakes in the Target Corporation, ...") It is uncited and there is no other mention of Target in the rest of the article. But I do agree, a lot of the text can be trimmed around those sections. Best, Ptrnext (talk) 18:09, 15 July 2022 (UTC)
- @Ptrnext: Thanks for your feedback here. Yes, I was actually going to request the removal of "Ackman's investing style has been praised and criticized by U.S. government officials, heads of other hedge funds, various retail investors, and the general public. His most notable market plays include shorting MBIA's bonds during the financial crisis of 2007–2008, his proxy fight with Canadian Pacific Railway, and his stakes in the Target Corporation, Valeant Pharmaceuticals, and Chipotle Mexican Grill. From 2012 to 2018, Ackman held a US$1 billion short against the nutrition company Herbalife, a company he has claimed is a pyramid scheme designed as a multi-level marketing firm." in a separate request, but I feel I can only ask editors to review so much at once. However, since you've mentioned this concern before I could even flag the issues, I would invite you to remove this text. Otherwise, I will submit another edit request below. Thanks again, FMatPSCM (talk) 17:43, 18 July 2022 (UTC)
- Hello @FMatPSCM, yes, I'd recommend opening a separate request. I'd rather have another editor consider it, as I feel the highlighted text is appropriate for the 'Investment style' section. Ptrnext (talk) 05:18, 26 July 2022 (UTC)
- @Ptrnext: Thanks for your feedback here. Yes, I was actually going to request the removal of "Ackman's investing style has been praised and criticized by U.S. government officials, heads of other hedge funds, various retail investors, and the general public. His most notable market plays include shorting MBIA's bonds during the financial crisis of 2007–2008, his proxy fight with Canadian Pacific Railway, and his stakes in the Target Corporation, Valeant Pharmaceuticals, and Chipotle Mexican Grill. From 2012 to 2018, Ackman held a US$1 billion short against the nutrition company Herbalife, a company he has claimed is a pyramid scheme designed as a multi-level marketing firm." in a separate request, but I feel I can only ask editors to review so much at once. However, since you've mentioned this concern before I could even flag the issues, I would invite you to remove this text. Otherwise, I will submit another edit request below. Thanks again, FMatPSCM (talk) 17:43, 18 July 2022 (UTC)
- Hello FMatPSCM, I'll leave this one to another editor. I feel that these redundancies might be OK since the Wendy's one highlights Ackman's investor activism. Also, if we are removing the one on Target Corp., we should probably also remove the company from his notable market plays in a later section ("His most notable market plays include...and his stakes in the Target Corporation, ...") It is uncited and there is no other mention of Target in the rest of the article. But I do agree, a lot of the text can be trimmed around those sections. Best, Ptrnext (talk) 18:09, 15 July 2022 (UTC)
- @Ptrnext: Thanks for your help here! I've submitted a request to remove redundant text below, if you're interested in reviewing. FMatPSCM (talk) 17:48, 15 July 2022 (UTC)
Request to remove duplicate text
It is requested that an edit be made to the semi-protected article at Bill Ackman. (edit · history · last · links · protection log)
This template must be followed by a complete and specific description of the request, that is, specify what text should be removed and a verbatim copy of the text that should replace it. "Please change X" is not acceptable and will be rejected; the request must be of the form "please change X to Y".
The edit may be made by any autoconfirmed user. Remember to change the |
I am back with a request for the Pershing Square Capital Management section. I've identified two pieces of text which are duplicated at Pershing Square Capital Management and do not seem necessary in a personal biography about Bill Ackman:
1. I suggest removing the following text: In 2005, Pershing bought a significant share in the fast food chain Wendy's International and successfully pressured it to sell its Tim Hortons doughnut chain. Wendy's spun off Tim Hortons through an IPO in 2006 and raised $670 million for Wendy's investors. After a dispute over executive succession that led Ackman to sell his shares at a substantial profit, the stock price collapsed, raising criticism that the sale of Wendy's fastest-growing unit left the company in a weaker market position. Ackman blamed the poor performance on their new CEO.
- Reason for removal: This text is about PSCM, not Bill Ackman specifically. Additionally, Pershing Square Capital Management already says, "In 2005, Pershing bought a significant share in fast food chain Wendy's International and successfully pressured them to sell off its Tim Horton's donut chain. Wendy's spun off the Canadian restaurant donut chain through an IPO in 2006 and raised $670 million for Wendy's investors. After Ackman sold his shares at a substantial profit after a dispute over executive succession, the stock price collapsed, raising criticism the sale of Wendy's fastest growing unit left the company in a weaker market position. Ackman blamed the poor performance on their new CEO."
2. I also suggest removing the following text: In December 2007, his fund held a 10% stake in Target Corporation, valued at $4.2 billion, through the purchase of stock and derivatives. In December 2010, his funds held a 38% stake in Borders Group and on December 6, 2010, Ackman indicated he would finance a buyout of Barnes & Noble for US$900M.
- Reason for removal: This text is about PSCM, not Bill Ackman specifically. Additionally, Pershing Square Capital Management already says, "In December 2007, his funds owned a 10% stake in Target Corporation, valued at $4.2 billion through the purchase of stock and derivatives. His funds now own a 7.8% stake. In December 2010, his funds held a 38% stake in Borders Group and on December 6, 2010, Ackman indicated he would finance a buyout of Barnes & Noble for US$900M."
I'm hoping User:Ptrnext or other editors will agree to trim or remove this duplicate text, which is more about PSCM than Ackman.
Thanks for continued help and consideration, FMatPSCM (talk) 20:39, 13 July 2022 (UTC)
Request for Personal life section
It is requested that an edit be made to the semi-protected article at Bill Ackman. (edit · history · last · links · protection log)
This template must be followed by a complete and specific description of the request, that is, specify what text should be removed and a verbatim copy of the text that should replace it. "Please change X" is not acceptable and will be rejected; the request must be of the form "please change X to Y".
The edit may be made by any autoconfirmed user. Remember to change the |
I have another request to submit on behalf of PSCM. Currently, the "Personal life" section says, "As of 2013, Ackman owned a Gulfstream G550 business jet." This is not accurate. Bill Ackman has used a plane owned by Pershing Square, but does not own the plane. The source for the claim is a company website, not journalism. I propose removing, if someone can update the page on my behalf.
Thanks again. FMatPSCM (talk) 13:44, 3 August 2022 (UTC)
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