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Friday
Feb152013

Carl Icahn Reveals His Massive Stake In HerbaLife

During Friday's lunch-hour, activist investor Carl Icahn once again hit the CNBC airwaves for a frank 30+ minute discussion on HerbaLife, and Bill Ackman.  Even during their now legendary billionaire battle on live tv,  Mr. Icahn has never publicly announced how large his investment in HerbaLife was.  

But he put all of those rumors to rest Friday when he disclosed his impressive 13% stake in HerbaLife to the SEC.  HerbaLife shares have since jumped to a pre-Ackman level of $45 (the entire video is below).  Referring to the ethical nature of Mr. Ackman's short:

"It's really unfair to shareholders and unfair to the people working at HerbaLife" - Carl Icahn

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