### Comment:
https://www.cnbc.com/2018/05/25/herbalife-shares-plunge-after-carl-icahn-said-he-is-lowering-his-stake-in-the-company.html 
  
 One of the managers of the fund that sold was on the board of directors, and used the buyback as an opportunity drive the price up and cash out. There are other examples of similar, but I don't have time to dig them up at work.

### REPLY:
He wasn't receiving performance-linked pay. He was just an activist investor, and the whole Herbalife deal was just to spite Ackman, another fund manager. I'm looking for examples management creating a buyback to drive share price up and get their bonuses

### END.