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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)[reply]
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...
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
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}}
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)[reply]
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)[reply]
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)[reply]
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)[reply]
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)[reply]
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)[reply]
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)[reply]
@Meatsgains: I see this is an older discussion, but since you seem willing to address neutrality issues, I wonder if you might be able to take a look at my requests at the bottom of this Talk page to address neutrality problems with the same Herbalife section. I'm struggling to get editor review even using the COI edit request queue. Thanks for your consideration. FMatPSCM (talk) 13:59, 25 October 2022 (UTC)[reply]
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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)[reply]
@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.”
@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.
This edit request by an editor with a conflict of interest has now been answered.
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]
^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.
^ abRojas, 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".)
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.
This edit request by an editor with a conflict of interest was declined. The changes suggested removing content that is well-cited or where sources exist.
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 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)[reply]
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)[reply]
Correction re: Pershing Square Tontine Holdings
This edit request by an editor with a conflict of interest has now been answered.
The Wikimedia Foundation's Terms of Use require that editors disclose their "employer, client, and affiliation" with respect to any paid contribution; see WP:PAID. For advice about reviewing paid contributions, see WP:COIRESPONSE.
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)[reply]
This edit request by an editor with a conflict of interest has now been answered.
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."
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".
This edit request by an editor with a conflict of interest has now been answered.
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)[reply]
This edit request by an editor with a conflict of interest has now been answered.
@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.
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)[reply]
@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)[reply]
@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.
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)[reply]
@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)[reply]
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)[reply]
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)[reply]
@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)[reply]
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)[reply]
Request to remove duplicate text
This edit request by an editor with a conflict of interest has now been answered.
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.
This edit request by an editor with a conflict of interest has now been answered.
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.
I agree with the concerns about the source of the citation. Because the COI comments indicate the plane ownership statement is inaccurate, I have removed the sentence as indicated in the edit request. I’ve accordingly also closed this edit request. Go4thProsper (talk) 00:01, 19 August 2022 (UTC)[reply]
Thank you for doing this, Ptrnext. Those citations provide RS documentation of the jet ownership, so you are correct to put that information back into the article. The citations are appropriate and clear on the facts. Go4thProsper (talk) 18:01, 20 August 2022 (UTC)[reply]
@Go4thProsper and Ptrnext: Unfortunately, I'm not aware of a news source which specifically confirms Pershing's ownership of the jet. While I'm disappointed to see this inaccurate text restored, I understand your decision and will continue to search for a source which could be used to dispute the claim. In the meantime, might you be willing to review either of the other edit requests on this page? Thanks again, FMatPSCM (talk) 16:15, 30 August 2022 (UTC)[reply]
Requests for PSCM section
This edit request by an editor with a conflict of interest has now been answered.
1. The section says: "At a panel meeting discussing Bernie Madoff in January 2009, Ackman defended his longtime friend Ezra Merkin, saying, "Has Ezra committed a crime? I don't think so," and "I think [Merkin] is an honest person, an intelligent person, an interesting person, a smart investor." In April 2009, Merkin was charged with civil fraud by the State of New York for "secretly steering $2.4 billion in client money into Bernard Madoff's Ponzi fraud without their permission." A settlement was reached in June 2012 requiring Merkin to pay $405 million to victims including the Metropolitan Council on Jewish Poverty."
Issues: The subject's comment at a panel discussion about someone else seems unnecessary in a biography. The text is in a section dedicated to PSCM, but not related to the company. Also, the text is partially unsourced and more about Merkin than Ackman. I propose removing.
3. The section says: "Ackman started buying J. C. Penney shares in 2010, paying an average of $22 for 39 million shares or 18% of J.C. Penney's stock. In August 2013, Ackman's two-year campaign to transform the department store came to an abrupt end after he decided to step down from the board following an argument with fellow board members."
Issues: Bill Ackman did not buy a stake personally, Pershing Square did. Again, I'm not sure this should be considered necessary detail in a personal biography when there's a separate entry for PSCM. I suggest removing.
Request to remove Herbalife sources from Herbalife section
This edit request by an editor with a conflict of interest has now been answered.
Though I'm still waiting for feedback on a couple requests above, I'd like to flag an issue with the "Herbalife short" section. The article says:
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. 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."
The primary sources used as inline citations were published by Herbalife. The study was published by Lieberman Research, not Nielsen Research, so the text is not even factually accurate. Additionally, the FTC has disproved these claims. From the complaint:
"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"
I propose removing this text for the multiple reasons I've shared. I have some other concerns about this section but I will submit separate requests with more info for editors to consider. Thanks for reviewing. FMatPSCM (talk) 22:17, 6 September 2022 (UTC)[reply]
This edit request by an editor with a conflict of interest has now been answered.
Hello, again! While I'm having a difficult time getting editors to review the suggested article improvements, I'd like to continue identifying issues with the "Herbalife short" section. In general, I think this section is too long and overly detailed for a personal biography. Perhaps some of the text should be trimmed or moved over to the PSCM entry, but for now I will share two specific concerns:
I take issue with the text "to hurt the company's stock price". The U.S. News & World Report citation is clearly marked as an opinion piece and TheStreet says, "Ackman told Bloomberg TV he's spent $50 million of Pershing's limited partners' capital to research and publicize the fund's negative views on Herbalife." I propose replacing this text with something more neutral such as "to shine a light on the company's unfair business practices" or "to disseminate his research findings". Can an editor please update the text appropriately?
I also take issue with the text "choosing to build his position in United Technologies instead". The source used as a citation does not mention United Technologies. I propose removing this text to make the sentence accurate and the article more neutral.
I'm asking uninvolved editors to please review these suggestions and update the article on my behalf. @Go4thProsper and Ptrnext: Are either of you willing to take a look, since you've helped previously? Thanks again. FMatPSCM (talk) 18:13, 19 September 2022 (UTC)[reply]
Thank you for the outreach. I do not plan to re-engage on this particular article, so will leave it up to other editors on whether these suggested edits should be made to the article. Go4thProsper (talk) 22:51, 19 September 2022 (UTC)[reply]
1. The COVID-19 section says, "In a November 2020 interview, Ackman said that he had grown concerned about COVID-19 because he had seen the film Contagion and offered qualified praise for Trump's presidency, saying that Trump has "done a lot of good. He's done some harm as well."
This text is unrelated to PSCM and misrepresentative of sourcing. Business Insider says the quote about Trump was "on the president's corporate tax reforms and efforts to bring manufacturing back to the US". This may be "qualified praise for Trump's presidency", but the current text implies the subject supports Trump with no other context. Can this text be removed or rewritten to be more representative of the source?
2. The "Investment style" section starts with the unsourced sentence, "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." This claim manages to be both vague ("praised and criticized") and detailed ("U.S. government officials", etc) but offers no citation. User:Ptrnext added some citations to the next sentence, though I'm not sure the sources specifically describe these instances as the subject's "most notable market plays". Also, the sentence "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" seems unnecessary since there's an entire section dedicated to Herbalife. Can this content be trimmed or removed appropriately?
3. This same section says, "Ackman has said that he admires short sellers such as Carson Block of Muddy Waters Capital and Andrew Left of Citron Research." The source is an interview clip on YouTube, which is not secondary coverage. Can this be removed as well?
Again, I'm not sure why this article is so focused on Herbalife. I've submitted other requests to address Herbalife-related content above, if editors are able to review and assist by updating the article on my behalf. Thanks! FMatPSCM (talk) 19:24, 21 September 2022 (UTC)[reply]
This edit request by an editor with a conflict of interest has now been answered.
I would like to submit another request, this time for the "COVID-19 response" section. Currently the paragraph starts with "Ahead of the 2020 stock market crash, Ackman hedged Pershing Square's portfolio, risking $27 million to purchase credit protection, insuring the portfolio against steep market losses." In order to make this section more accurate and neutral, I suggest adding the following as second and third sentences, per Reuters:
Pershing Square first disclosed the hedge on March 3, 2020. According to Reuters, "Ackman said hedging was preferable to selling off his portfolio of companies whose businesses are otherwise strong."[1]
Request to re-write the article in a more neutral tone
The article is currently overstates Bill Ackman's influence, with no section covering the sponsorship of the infamous Valeant Pharmaceuticals either. In addition, a large number of sources link back to statements by Bill Ackman, and yet are stated as objective facts. It is imperative to convey a more neutral tone urgently. MaleficentChimera (talk) 12:23, 30 January 2023 (UTC)[reply]
Recent edits
This edit request by an editor with a conflict of interest has now been answered.
This edit request by an editor with a conflict of interest has now been answered.
Hello again. Recently an editor added some text to the article using Twitter and the New York Post (unreliable) as sources. I propose reverting the article to the version before these changes. Thank you, FMatPSCM (talk) 17:21, 7 February 2023 (UTC)[reply]
Twitter as a source is acceptable in this case (for the Sabatini donation) as its an announcement by the subject himself, and clearly stated as such in the article. Exception to this case would be if its shown the twitter account is a fake. However a quick google seems to show that it's authentic. We could always just add these sources in on top of the Twitter one, or replace it.
@Zhanzhao: The text is not accurate, even based on the Twitter post. The Tweet says, "... we announced that we found a 50% funding partner for the new Sabatini lab." Can the text at least be updated to note that the Pershing Square Foundation funded 50% of the $25mm? FMatPSCM (talk) 17:32, 22 February 2023 (UTC)[reply]
Following the Hamas terrorist attacks and ensuing Israeli incursion in the Gaza strip, some Harvard undergraduate student groups co-signed a letter condeming the Israeli attacks and attributing blame for violence to the Israeli state. Ackman called for the publication of the names (doxxing) of all students who were involved in the signing of the letter so that he would know not to hire them. Following this statement, the right-wing media watchdog "Accuracy in Media" had a truck drive around Harvard square equipied with an electronic display which showed the names and faces of involved students. These events created much political and community discourse within the Harvard College/University community and among political commentators. As a result of this, it seems that some editors, mainly day-old accounts and non-registered IP addresses, have been editting or reverting the "Controversies" section either deleting this information, modifying information about Ackman's previous comments praising Kyle Rittenhouse, or adding deeply ideological language. I have editted this section emphasizing direct quotes from Ackman and relevant news articles, dedicating details of the events to other Wikipedia pages which are more well-monitored by senior Wikipedians and watchdogs. If you intend to change or revert, please add a comment here before doing so. It is essential that these details about Ackman be widely accessible and verifiable.
Hi again. I see a new Controversy section has been added to this article. I would like to flag this text as problematic to editors, and seek removal as soon as possible. If editors prefer to keep coverage in some form, then I'd like to at least offer neutral alternative wording and additional context to make the text more accurate.
A neutral summary of the Fortune article would be more along the lines of, "In 2021, Ackman supported Kyle Rittenhouse's self-defense claim while the criminal trial was ongoing." A neutral article would also note that Rittenhouse was acquitted, as predicted by Ackman, per Reuters. I think text like "Ackman's prediction of an acquittal proved to be accurate" would be more neutral than what's currently presented to readers.
As for the Israel/Harvard content, the subject and PSCM have nothing to do with Accuracy in Media, and the sources used as citations do not even mention Ackman.
An editor has reviewed this edit and fixed any errors that were found.
Done That seems fair. –MJL ‐Talk‐☖ 21:22, 24 February 2021 (UTC)
Done Unrelated to Pershing Square Management. Duke Gilmore (talk) 11:53, 14 December 2022 (UTC)
Not done Is significant and appropriate in the context of the company history.Duke Gilmore (talk) 11:53, 14 December 2022 (UTC)