Pyramids and politics

The New York Times reports that hedge-fund king Daniel S. Loeb is backing the Herbalife company against accusations that it’s a pyramid scheme. That pits him against his friend and rival, William Ackman, in what one source calls a “battle bigger than any sumo pairing.”

Of course, Loeb backed former Indiana Superintendent of Public Education Tony Bennett, too, with a $25,000 campaign contribution. Maybe Herbalife should worry, given the way that turned out.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s