Herbalife soars on Icahn

Herbalife soars 7.5% today on news that Carl Icahn can boost stock position up to 25% of the company. Icahn also gets to nominate two names for the Herbalife board.

Bill Ackman is not having a good day.

JCPenney: Down Billions

WSJ: "The bill for J.C. Penney Co.'s first year under Chief Executive Ron Johnson is in, and it's about $4.3 billion."

CEO Elon Musk :“we’ll do better next quarter – promise.”

Billionaire CEO Elon Musk continues to spill red ink with his Tesla electric car hobby. He recently assured shareholders: “we’ll do better next quarter – promise.”


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Facebook pays ZERO corporate taxes and celebrates!

Corporate Welfare Queen? Mark Zuckerberg?

Is Dell Computer worth $24 per share?

Is billionaire computer geek, Michael Dell, acting like a greedy techie billionaire to impress his friends (or for other reasons)?

That's the way it is starting to look with the Dell board approved $13.65 per share buyout with major shareholders calling it greedy and way too little, among other polite words.

Here's a sample:

"This deal is so compellingly unfair to shareholder that I don't know where to begin" - Richard Pzena, CIO, Pzena Investment Management

"This is a hard deal to get done at this price. There will be resistance."  - Don Yacktman, Yacktman Funds

Suggestions from a billionaire: move!

Jim Rogers, co-founder of the Quantum Fund, speaking before the CFA Society of Atlanta on February 6, 2013:

“I am optimistic about states with natural resources. Georgia is rich in agriculture and I am much more optimistic about it than states like Massachusetts and New York. The world is changing away from finance to producers of real goods. Finance is going to be a very difficult place to be in the next 20 to 30 years. Finance is over.”

“Move to the country. Be a tractor dealer or fertilizer salesman. If that’s not for you, open restaurants where there are farms.”

Ravi Jaipuria, Indian Pepsi Billionaire

Pepsi Bottler Ravi Jaipuria Is Newest Indian Billionaire


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