Billionaire investors square off on live TV

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Associated Press

Posted on January 25, 2013 at 2:00 PM

Updated Friday, Jan 25 at 2:02 PM

NEW YORK (AP) — A long-simmering spat between billionaire investors Carl Icahn and Bill Ackman has boiled over into a shouting match on live television.

The two Wall Street titans, interviewed by phone simultaneously on CNBC Friday, traded barbs about an old investment deal and on Ackman's position in the nutritional supplements distributor Herbalife Inc.

Ackman was being interviewed by CNBC host Scott Wapner a day after Icahn made disparaging comments about him on Bloomberg Television. After Ackman had spoken about some of his current investment positions, Wapner interrupted the conversation to say that Icahn had called in and had a few points to make.

The two men spent the best part of thirty minutes saying why they didn't much care for each other.

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