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TechFlow, April 7 — Bill Ackman, founder and CEO of Pershing Square Capital Management, posted on X platform accusing U.S. Treasury Secretary Howard Lutnick of being indifferent to the stock market and economic collapse because he and Cantor are long on bonds, profiting from an economic downturn. Ackman argued that appointing someone from a firm holding substantial fixed-income bonds creates an "irreconcilable conflict of interest."
Pershing Square Capital Management's founder and CEO Bill Ackman posted on X, accusing U.S. Treasury Secretary Howard Lutnick of being indifferent to the stock market and economic collapse because he and Cantor are long on bonds, profiting from an economic downturn. Ackman believes appointing someone from a firm that holds substantial fixed-income bonds as Treasury Secretary presents an "irreconcilable conflict of interest."
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