William Albert Ackman: More Info

Personal life

William Albert Ackman, Together with other members of the Ackman and Ziff families, has supported charitable causes like the Center for Jewish History to preserve Jewish genealogy.

In a press release, the Ackman family stated, “We want our children to know, not only their living relatives, but those representing past generations for a greater connection to their family and ancestral origin and heritage.”

He married Ms. Karen Ann Herskovitz, a landscape architect, on July 10, 1994. His father is Lawrence Ackman, the chairman of a New York real estate financing firm, Ackman-Ziff Real
Estate Group.

MBIA activities

In 2002, William Albert Ackman began research which focused on challenging MBIA’s AAA rating, despite an ongoing probe by New York State and federal authorities. He was charged copying fees for copying 725,000 pages of statements regarding the financial services company, according to his law firm’s compliance with a subpoena. Ackman has demanded a
division between MBIA’s bond insurers’ structured finance business and their municipal bond insurance division. This is despite statements from the insurance companies that this is not a viable option.