Bill Ackman says his firm is ‘taking no compensation’ as his blank-check acquisition company begins trading

Billionaire investor Bill Ackman said in an interview with CNBC on Wednesday that Pershing Square’s SPAC, Tontine Holdings, is unique in that Pershing is “taking no compensation.” “We set up an alignment that’s very appealing to investors. We created the most investor-friendly SPAC in the world,” Ackman said. Ackman argued that taking a company public […]