Bill Ackman struck back at Canadian Pacific Railway (CP) after the company bashed him over alleged leaks yesterday, writes the Wall Street Journal. “Ackman said in a letter to Canadian Pacific that he has a plan to improve the company’s performance, and that plan begins with a new leader.” Ackman continued so to say that the proposed new leader would be railway-industry veteran, Hunter Harrison, who the Globe and Mail reported was Ackman’s pick to replace the current CEO of Canadian Pacific Railway.
In his letter to CP, Ackman wrote:
“I write in response to your letter which I received from the press this morning. I too am troubled by inaccurate press reports about Canadian Pacific. To set the record straight, neither I nor any representative of Pershing Square has made any inaccurate statements to the press. Your letter, however, includes a number of statements that should be corrected so that Canadian Pacific’s stakeholders are fully apprised of the facts.