Pershing Square Capital founder and political campaign front man Bill Ackman said it would be a contest to see what brought down Herbalife first, regulators or the market.
“I think the market is on its way to shutting down the company,” while not forcefully stating markets would beat the regulators to the punch. “I think it would be an enormous embarrassment to the regulators if the company collapses before regulators have done their job,” he said as he predicted 2015 would be the year Herbalife would cease to exist.
In a press interview broadcast on the show Wall Street Unfiltered, Ackman said the stock price moving lower “should accelerate what regulators are doing.”