Thursday, January 31

Wall Street Brawl: Billionaires fling insults on CNBC

Wall Street Brawl: Billionaires fling insults on CNBC

Jeff Cox, Bruno j. Navarro and Patrick Rizzo, CNBC

It was the smackdown when billionaires, which Carl Icahn and Bill Ackman more behaved like bar room Bakugan (complete with expletives such as"Stier-!"), and live televised Friday over their differences on a dietary supplement to hear companies around the world.

"Our goal was a light shine on Herbalife", said Pershing Square founder Ackman on fast money"", referring to the company, which he called "a future-oriented Ponzi scheme." Ackman is Herbalife people lurking, most of low income, in a distribution system accused that he calls fraudulent.

He said Friday on CNBC that dietary supplements "earned company the highest level of control." Ackman has announced recently that he took a massive short position against Herbalife, in the substantial bets that the company's stock will fall.

"Frankly, Carl gave me a favor by picking on me," he said on CNBC.

"Ackman is a liar," said Icahn. "He has one of the worst reputation on Wall Street." Icahn accused company by shorting also Ackman to destroy their shares publicly.

"He is like the crybaby in the schoolyard," Icahn said.

On Friday, Icahn released who has briefly criticized Ackman of the much-publicized in Herbalife, a written explanation. "The record straight, I asked never Ackman be my friend," wrote Icahn. "On the contrary, Ackman has me explained more than once that it is a shame, we're not buddies, because then he could have spent with me. But even if we were friends, I would have never invested with him because I think that taking excessive risks. , I believe this point proves HLF."

Ackman, the company manages $12 billion fortune. Carl Icahn, a colleague is activist investor and one of the richest men in America with an estimated fortune of almost 15 billion $.

Traders on the New York Stock Exchange is the air with "oohs" and "Aahs", while arguing that while social networks, lit with financial journalists and market watchers, Twitter book as fast as their fingers could give.

The setting was, during the final half-hour CNBC's "money fast mid-term report" with Scott Wapner, that so much of the story as the two participants found.

Icahn repeatedly reviled Wapner. Icahn insisted, he was a harassed and repeatedly uses the word "Bull" - his feelings about the on air Forum to describe.

"I really kind of there with Ackman did this guy," Icahn said at an early stage.

"Carl, you think, I would like to invest with you?" Ackman numbers later.

"I would not invest with you, if you were the last man on Earth!" The tenor roared Icahn in one Exchange typical for the show.

The Icahn was the core of the dispute with Ackman's fury over its short position on Herbalife. In turn, Ackman has in a statement that 10 years ago, a legal dispute between the two parties reminds the Icahn Ackman, which pay investors led Thursday $4.5 million plus interest.

While every fighter style points during the battle, when the winner was from the performance of Herbalife are declared, scored a clear victory for Icahn.

The shares of the company rose melee, but profits as much as $2.15 in the half-hour cool then.It was almost like it great theater is important.

Twitter lighted with participants, which desperately posting updates."Move over Snooki and the situation... Here comes the CNBC version of "Jerry Springer with limos" (hat tip Sir Arthur!), "investor, what Doug Kass tweeted.

Asked CNBC's own Jim Cramer, host of "fast money", "whatever happened to would be that of wealth!And simply it referred to financial news Web site business Insider as "The greatest moment in financial TV history."

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