NEW YORK--(BUSINESS WIRE)--Pershing Square Capital Management, L.P. released today a letter to Herbalife CEO Michael Johnson concerning his serious admissions about Herbalife and its conduct that were revealed by the New York Post. The letter reads as follows:
Pershing Square's Letter to Herbalife CEO
“false promises, claims, in hopes for product, for money, for recruiting, for customers, for pyramiding.”
June 26, 2015
CEO Michael O. Johnson
Herbalife Ltd.
800 West Olympic Blvd., Suite 406
Los Angeles, CA 90015
Dear Mr. Johnson:
Today the New York Post reported on a 71-minute video in which you appear on a stage, making serious admissions about Herbalife and its conduct. “Video reveals Herbalife boss saw ‘pyramiding’ signs early on.” http://nypost.com/2015/06/25/video-reveals-herbalife-boss-saw-pyramiding-signs-early-on/
We urge that you release the 71-minute video and...
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