Self-proclaimed “White Knight” Bill Ackman’s legacy is riddled with losses, not just for shareholders but for tens of thousands of his employees.
via The Real Bill Ackman AKA Herbalige
Ackman and his hand-picked CEO’s have left thousands jobless while their personal wealth has grown. Under Ackman’s lead, J.C. Penney sales collapsed and 40,000 jobs were destroyed in 2012 alone. At Canadian Pacific, a venture Ackman called a home run, 5,000 jobs were eliminated because “organizations every so often have to go through a cleansing.” Watch the video for more on the real Bill Ackman.
