Chipotle identified that billionaire investor Invoice Ackman is just not affiliated with the corporate after a viral social media put up falsely claimed he owned the restaurant chain and referred to as for a boycott over his donation to a authorized protection fund for an ICE agent concerned within the deadly taking pictures in Minneapolis.
“Invoice Ackman is just not affiliated with Chipotle,” the corporate posted on Threads in response to a put up that urged, “Don’t eat at Chipotle. The man who owns it simply gave $10000 to the person who killed Renee Good.”
Ackman’s hedge fund, Pershing Sq. Capital Administration, disclosed a 9.9 p.c stake in Chipotle in 2016 and the billionaire took an lively position in overhauling the corporate’s technique. However the agency diminished its holdings over time earlier than exiting the place solely in late 2024, in response to disclosures made throughout a November earnings name.
Set featured imageThe controversy erupted after guests to a GoFundMe web page for Immigration and Customs Enforcement officer Jonathan Ross seen a $10,000 donation from William Ackman. Ross fatally shot Renee Nicole Good throughout an immigration enforcement operation in Minneapolis, sparking protests across the nation.
Ackman confirmed the donation on social media and defined his reasoning in a prolonged assertion posted Tuesday. He described his help as rooted in a decades-long dedication to making sure accused people can afford authorized protection, not as a political assertion about immigration enforcement.
“I used to be merely persevering with my longstanding dedication to helping these accused of crimes of offering for his or her protection,” Ackman wrote. “I strongly imagine that solely an in depth forensic investigation by consultants and a deep understanding of the legislation that applies will allow us to find out whether or not Ross is responsible of homicide.”
Ackman identified that he drew scrutiny after he publicly challenged MBIA’s funds in late 2002, releasing a report titled Is MBIA Triple A? after constructing a bearish place that included credit-default swaps. MBIA CEO Jay Brown, in response to a broadly cited account of a November 2002 assembly, warned him the corporate had “mates in excessive locations,” an apparent try and intimidate Ackman from criticizing the corporate.
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