Billionaire Smackdown: Ackman and Icahn spew insults

Billionaire investors Carl Icahn and Bill Ackman went after each other with insults and accusations on CNBC Friday.

“Our goal here was to shine a light on Herbalife,” Ackman said on “Fast Money,” calling the company “a well-managed pyramid scheme.”

Ackman said the nutritional-supplement company in which he announced a massive short position “deserves the highest level of scrutiny.

“Our goal here was to shed the light on the company,” he said. “Frankly, Carl did me a favor by picking on me.”

 

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More: CNBC.

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