There was a time, I must admit, when the hedge fund billionaire Bill Ackman was one of my Wall Street heroes. Ackman had decided to take a short position in the shares of the multilevel marketing firm Herbalife. That was the good side of Bill Ackman — willing to take a short position in a highflying stock and back it up with solid research. Ackman’s public conniptions on X, formerly Twitter, don’t make him, Oxman, MIT or the MIT Media Lab, where Oxman used to be a professor, look good. Ackman objected to Business Insider’s assertion that he “pressured” MIT in emails to keep Oxman’s name out of the developing Epstein scandal.

Source: Los Angeles Times January 17, 2024 09:13 UTC