#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech

6804.745 - 6829.639 Bill Ackman

And the way the Schmuck insurance went, he said, look, Bill, if I sell the stock in the next three years, you know, for a higher price, I'll give you 50% of my profit. That's a pretty good deal. So we made that deal. And because I was dealing with Carl Icahn, who had a reputation for being difficult, I was very focused on the agreement. And we didn't want him to be able to be cute.