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Bill Ackman’s Pivotal Meeting With Hunter Harrison
5yrs ago Hedge Fund hedgeco Views: 621

(Valuewalk) On October 13, 2011, (Hunter) Harrison was sitting in one of the conference rooms at the fund’s offices. In one corner, there was a peculiar-looking contraption, a 1951 rocket-powered ejection seat from a Canberra Nuclear Strike Bomber. It had been put there as a graphic reminder to staff at Pershing to bail out if an investment went bad. Pershing is known for making big bets on investments that (Bill) Ackman and his team have rigorously targeted and researched. The firm has made a fortune on certain investments and lost a fortune on others, but Ackman has been considered an investor to reckon with—and one who causes friction, not unlike Harrison.

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