4 ms·
If I had the money of Ackman, I'm not sure I'd spend it for the purpose of destroying a company, even if I was sure it was fraudulent. There are so many ways i
by PakG1 11y ago
If I had the money of Ackman, I'm not sure I'd spend it for the purpose of destroying a company, even if I was sure it was fraudulent. There are so many ways it can go sideways, and a hundred more could rise in its place too, so what's the point besides the quick profit? Yeah, it's all about money, but the bigger picture would frighten me.
As a private party, I'm not a regulator. I'm not the authorities. I'm not going to go play financial Batman just because I think the normal authorities aren't getting it done. I'll raise noise about the issue if I really care about it, sure. I'll testify findings in court. But bet money on it? The optics look horrible. All my ideas and findings suddenly become suspect and the question is whether I care about what's right or about making money at the expense of what I perceive to be weak targets.
Let me make money in ways where my approach is above reproach and I'm not questioned about my motives. Why put my efforts and money towards something where I could get my name tarnished?
Or Ackman doesn't think this way because he's one of the so-called masters of the universe and his resulting ego has put him on another level?
- spacehome 11y agoAckman is trying to make more money. If he does good in destroying a bad company all the better, but that's not his primary mission.