Almost four years ago, we became shareholders of Herbalife and now have five of our nominees on the Board. We would like to applaud Michael Johnson for doing a superb job
Current Views & News
I applaud the SEC for voting to propose amendments to the outmoded proxy rules to require the use of universal proxy cards
Today is a sad day for Atlantic City. Despite our best efforts, which included losing almost $350 million over just a few short years, we were unable to save the Taj Mahal.
We believe that over the last few years Doug Lawler and his team have done an admirable job, especially in light of the circumstances.
This is a classic example of activists working constructively with an existing Board and management.
Over the years many investment bankers, including Jefferies, that specialize in block trades frequently make bids for our large positions. But completely contrary to what Bill Ackman stated on television today,
In an effort to reach peace with UNITE HERE Local 54, on June 30th the Taj agreed to present a proposal that Local 54 President Bob McDevitt outlined and advised us should be supported by the union.
Trump is right on about our economy. A capitalistic system cannot exist if government is at war with business. CEOs rightly so are afraid to invest in new equipment, etc. to make our manufacturing competitive.
Yesterday we announced that the Taj would close after the Labor Day weekend. This was not an easy decision.
I have always believed in Herbalife’s strong fundamentals and am pleased the Board has decided to increase my ownership limit from 25% to 34.99% of the Company’s outstanding shares.
We have recently acquired a large position in Allergan and are very supportive of CEO Brent Saunders.
Bernie Sanders has received support from the UniteHere union and has made several remarks tying me to the difficulties facing Atlantic City -- without even bothering to give me a call to hear my views and the real facts. So, here are the facts: