Ackman’s Latest Target: Senior Herbalife Distributor Leslie Stanford

Bill Ackman’s campaign against individual Herbalife Ltd. (NYSE:HLF) distributors continues, this time detailing the career of Founder’s Circle Member and former member of the Herbalife board of directors (2002 – 2005) Leslie Stanford. Ackman has been pursuing a high profile short on Herbalife Ltd. (NYSE:HLF) for the better part of a year.

Marketing materials show big emphasis on recruitment, not sales

Two things that become clear from reading the exposes are that senior distributors all know and support each other to some degree and there is an enormous emphasis placed on bringing other people into the...