When the Wolves Bite: Two Billionaires, One Company, and an Epic Wall Street Battle

Scott Wapner

Apr 2018 · Sold by PublicAffairs

About this ebook

The inside story of the clash of two of Wall Street's biggest, richest, toughest, most aggressive players -- Carl Icahn and Bill Ackman -- and Herbalife, the company caught in the middle

With their billions of dollars and their business savvy, activist investors Carl Icahn and Bill Ackman have the ability to move markets with the flick of a wrist. But what happens when they run into the one thing in business they can't control: each other?

This fast-paced book tells the story of the clash of these two titans over Herbalife, a nutritional supplement company whose business model Ackman questioned. Icahn decided to vouch for them, and the dispute became a years-long feud, complete with secret backroom deals, public accusations, billions of dollars in stock trades, and one dramatic insult war on live television. Wapner, who hosted that memorable TV show, has gained unprecedented access to all the players and unravels this remarkable war of egos, showing the extreme measures the participants were willing to take.

When the Wolves Bite is both a rollicking, entertaining read--a great business story of money and power and pride.

Ratings and reviews

Scott is one of my favorite journalists for market news and stiring the pot with his panel of investors. I have watched his show for 10 years and watched the Ackman-Ichan war unfold live. Being able to read the backstories and untold reporting on the events is amazing. Scott does an amazing job navigating the reader through character developement of each person involved and bringing the story to conclusions. Anyone interested in the Herbalife story of activist investing in gerenal should read this book!

About the author

Scott Wapner is the host of Fast Money: Halftime Report, which airs every weekday on CNBC. Wapner has also reported several documentaries for the network, including Ultimate Fighting: From Blood Sport to Big Time, which earned him an Emmy nomination, and One Nation, Overweight, for which he received an award from the Society of American Business Editors and Writers as well as a Sigma Delta Chi Award from the Society of Professional Journalists. Known industry-wide as an expert in the area of activism and markets, Wapner has reported live from the floor of the New York Stock Exchange and is in regular contact with all the personalities in When the Wolves Bite. He lives in New Jersey.