How Carl Icahn came to join Herbalife's fight against Bill Ackman, igniting one of the biggest battles Wall Street has ever seen [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
By any standard, January 25, 2013, began like any other for the thousands of traders, money managers and financiers making their way to Wall Street's canyons that morning, albeit with a snow-dusted commute — the first of the season. But by 1pm, it wasn't the wintery weather topping the tape, but a public brawl so outrageous and audacious, few could believe what had just taken place. For the better part of the previous hour, investing titans Carl Icahn and Bill Ackman had hurled insults at each other on live TV – my CNBC program — bringing trading to a near standstill in what some would call the greatest moment in the history of financial television. It would go on to become one of the biggest battles Wall Street had ever seen – a fight to the finish with the multi-level marketing company Herbalife caught in the middle. Ackman had massively shorted the stock, a billion dollar bet that came with a bold claim. Herbalife was a pyramid scheme, he charged, whose stock
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