{"id":57279,"date":"2017-03-30T08:37:42","date_gmt":"2017-03-30T12:37:42","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=57279"},"modified":"2017-03-30T08:37:42","modified_gmt":"2017-03-30T12:37:42","slug":"ackman-is-profoundly-sorry-for-4-billion-valeant-mistake","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2017\/ackman-is-profoundly-sorry-for-4-billion-valeant-mistake.html","title":{"rendered":"Ackman Is \u2018Profoundly\u2019 Sorry for $4 Billion Valeant \u2018Mistake\u2019"},"content":{"rendered":"<p>\n(Bloomberg) Bill Ackman \u201cdeeply and profoundly\u201d apologized for his investment in Valeant Pharmaceuticals International Inc., a \u201chuge mistake\u201d that cost his firm $4 billion. In his annual letter to investors in his publicly traded fund Pershing Square Holdings Ltd., Ackman in part blamed Valeant\u2019s overpaying for Salix Pharmaceuticals in 2015 for the drugmaker\u2019s downfall. But he also took blame for misjudging the company\u2019s management and its aggressive strategy.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-03-29\/ackman-is-profoundly-sorry-for-4-billion-valeant-mistake\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Bill Ackman \u201cdeeply and profoundly\u201d apologized for his investment in Valeant Pharmaceuticals International Inc., a \u201chuge mistake\u201d that cost his firm $4 billion. In his annual letter to investors in his publicly traded fund Pershing Square Holdings Ltd., Ackman [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-57279","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/57279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=57279"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/57279\/revisions"}],"predecessor-version":[{"id":57280,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/57279\/revisions\/57280"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=57279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=57279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=57279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}