Herbalife is a Pyramid Scheme!
Posted: Thu Jan 10, 2013 6:59 pm
Herbalife Ltd.’s big day has finally arrived.
The nutritional-supplement maker mounted a spirited defense at its investor day Thursday morning in New York, in an attempt to thwart a wave of criticism reignited by hedge-fund short sellers.
Herbalife has made big moves ahead of today’s meeting. The company has hired a strategic adviser, it is working with law firm Boies, Schiller & Flexner and it has said it will speed up a previously announced $1 billion stock buyback plan.
In Thursday’s meeting, the company fought back against hedge-fund manager William Ackman’s claims that Herbalife is a pyramid scheme. Ackman has bet more than $1 billion against Herbalife, a wager that sent the stock plummeting in late December. Herbalife has vehemently denied the pyramid-scheme allegations.
http://factsaboutherbalife.com/
The nutritional-supplement maker mounted a spirited defense at its investor day Thursday morning in New York, in an attempt to thwart a wave of criticism reignited by hedge-fund short sellers.
Herbalife has made big moves ahead of today’s meeting. The company has hired a strategic adviser, it is working with law firm Boies, Schiller & Flexner and it has said it will speed up a previously announced $1 billion stock buyback plan.
In Thursday’s meeting, the company fought back against hedge-fund manager William Ackman’s claims that Herbalife is a pyramid scheme. Ackman has bet more than $1 billion against Herbalife, a wager that sent the stock plummeting in late December. Herbalife has vehemently denied the pyramid-scheme allegations.
http://factsaboutherbalife.com/