Ackman: Asset managers do not need carried interest tax advantages
Bill Ackman · Bill Ackman: SVB Collapse; Biden vs Trump; How I Lost $400M on Netflix; Bill's 10-Year Long | E991 · 20VC with Harry Stebbings · Mar 20, 2023 · at 1:03:24
Bill Ackman is the CEO of Pershing Square Capital Management. He argues that while carried interest tax benefits make sense for real estate or oil entrepreneurs, they are unnecessary for asset managers.
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“I don't think we need that extra tax advantage. I carried interest when you're managing assets to motivate our economic behavior.”
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