NY Hedge Fund Manger Speaks Up

New York hedge fund Pershing Square is an activist shareholder hedge fund and has in the past invested in McDonald's, Wendy's International and retailer Target. They step in to failing companies and demand change from upper management, sometimes even changing management itself. William Ackman, the top man over at Pershing Square, said Forget about a government bailout of General Motors Corp. The company would be better off going bankrupt. During a discussion about the automaker on Charlie Rose Tuesday, Ackman said a "prepackaged bankruptcy" was the best move to get its struggling business back on track. "The word 'bankruptcy' is scary for people, but it is simply a system." Ackman, 42, noted he is not a stakeholder in GM. How convenient