Bill Ackman's Herbalife Short Bet Gets 30 Percent Better

At the end of a nearly one hour conference call with investors in late October, Michael Johnson, the chief executive of Herbalife, reflected about his year-long battle with billionaire hedge fund manager William Ackman. "So everybody I just want to say, 'thank you to everybody on the team family,'" Johnson said. "Despite this public market distraction, somebody gave me a quote this week and said it's useless to attempt to reason a man out of a thing he was never reasoned into and that seems to s...