The Powers That Be: Daily Ackman’s Unforced Errors & Saks’ Debt Spiral
6 snips
Jul 15, 2025 
Bill Cohan, a financial analyst and author of Puck's Dry Powder Newsletter, joins Julia Alexander to discuss the recent antics of billionaire Bill Ackman at a tennis tournament, highlighting his erratic public persona. The conversation shifts to Saks Global's looming debt crisis, diving into the messy world of intra-creditor conflicts and the potential for Chapter 11 bankruptcy. The urgency of Saks’ situation intensifies as the holiday shopping season approaches, raising concerns for stakeholders in the troubled retailer.
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Ackman's Public Tennis Fiasco
- Bill Ackman is known for his erratic public behavior despite his investing prowess.
- His highly public tennis tournament failure highlights his desire for attention even when it risks ridicule.
Ackman’s Explosive Social Media Growth
- Ackman's prolific and sometimes controversial posting on X (formerly Twitter) has exploded since October 7, 2023.
- His social media presence and associations with figures like Elon Musk amplify his public profile.
Ackman's Physical Challenges Anecdote
- Ackman once had a famous bike ride in the Hamptons with other hedge fund managers but bonked due to physical strain.
- His recent tennis match failure is similar, showing his public physical endeavors often end poorly but with ongoing self-promotion.