Seats

Icahn Dumps $600 Million In Herbalife Back To The Company, Will Surrender 5 Board Seats

About 8 years after Carl Icahn famously entered the Herbalife fray, spurring a short squeeze that helped decimate Bill Ackman’s now-infamous $1 billion short against the company, Icahn appears to be making his exit. Icahn reportedly will be selling $600 million worth of his stake back to Herbalife and, as a result, will be relinquishing his…

Cycles, Systems, & Seats In The Coliseum

Authored by Charles Hugh Smith via OfTwoMinds blog, The idea that debt, leverage, speculation, greed, exploitation and parasitic elites can expand exponentially forever is magical thinking. Contrary to first impressions, I am not a doom-and-gloomer; I’m a systems-cycles-er, meaning I’m interested in where systems and cycles are heading. Cycles work because we’re still running Wetware 1.0 which entered beta…