Pershing Square's Herbalife Analyst Gets The Boot

Tyler Durden's picture

After the epic fail of Pershing Square's Herbalife short, aka the stock we predicted, correctly, in January 2013 has Volkwagen-like short squeeze potential, it was only a matter of time before the analyst responsible for the trade got the pink slip.

From Pershing Square:

From: Pershing Square-IR
Sent: Tuesday, January 28, 2014 06:59 PM
To: William A. Ackman
Subject: Shane Dinneen


Dear Pershing Square Investor,


For several months, Shane Dinneen, a member of our investment team since late 2007, has expressed interest in leaving Pershing Square to pursue other interests.  As Shane is one of the most talented investment analysts I have ever worked with and someone I hold in high regard, I have done my best to convince him to stay with the firm.  Recently, he decided it was time for him to move on to areas of his own interest outside of activist investing.


Shane has been a great contributor to Pershing Square.  Shane did superb work on GGP, Burger King, and most recently Herbalife in addition to many other successful investments.  As our Herbalife investment has moved from financial analysis to a regulatory and legal execution, Shane has not been leading this investment for some time.  Roy Katzovicz, our Chief Legal Officer, and David Klafter, Senior Counsel, have led the Herbalife regulatory effort over the past year and have made significant progress.


We wish Shane success in his future endeavors and have let him know that we will keep a seat open for him on the investment team if and when he decides to return.  Shane intends to remain a meaningful investor in Pershing Square.


With respect to Herbalife, we remain convinced that the Company has operated an illegal pyramid scheme since its founding.  We are encouraged by the recent regulatory developments concerning the Company.





Source: VIC

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Sudden Debt's picture

he should be greatfull that he didn't miss his step from the 5Oth floor through the window...


accidents like that happen you know...

remember that volkswagen shorter?

PP's picture

he will step out from window, by tomorrow

XAU XAG's picture




herbal life...............should be Terbal life!

y3maxx's picture

OT: Breaking News

Edward Snowden nominated for 2014 Nobel

DEBKAfile January 29, 2014, 1:28 PM (IST)
Two Norwegian politicians jointly nominate US fugitive Edward Snowden for the 2014 Peace Prize. Former foreign minister, Socialist Baard Vegar Slhjell, told AFP that he and a colleague don’t necessarily condone Snowden’s disclosures, but praised him for “revealing the nature and technological prowess of modern surveillance by nations against other nations and of citizens,” and for “spurring public debate.”

Cacete de Ouro's picture

The old 'spending more time with his family' didn't cut it?

Cacete de Ouro's picture

"we will keep an (ejector) seat open for him on the investment team if and when he decides to return"

buzzsaw99's picture

boehner just uttered the word "constitution". hahahahahahahahahaha!

<-- When in doubt, I whip it out. Got me a rock 'n roll band...

adr's picture

It is so nice that you can be fired for being 100% right because sone rich fuck decided to screw you over for his own amusement. Pershing Square's analysis was 100% correct and Herbalife has been an illegal pyramid scheme since its founding.

What Ackman must not have known it that Herbalife is a protected pyramid scheme for some reason, a reason Ichan knew.

My belief will continue to be that Herbalife is a front for the drug cartels operating with impunity in the US. One reason why they tend to sign up blacks and Latinos as "distributors". After a time a trusted distributor probably gets a nice package mixed with shitty energy drinks.

Jack Ryan's picture

3 things, 1) Avon is a successful pyramid scheme, 2) A pyramid scheme is only probelmatic when growth stops, 3) I bet shorting hlf finally works from here having nothing to do with the analysis, but to do with cyclical leverage to a slowing economy