When activist hedge fund manager Bill Ackman spoke negatively about Herbalife Ltd. (NYSE:HLF) in the past, it generated yawns associated with snickers such as “where is the beef?” Adding injury to insult, what really mattered is the stock price rose after Ackman spoke.
Not today.
Bill Ackman: Herbalife distributors are turning states evidence on the firm
Ackman finally lived up to the hype, telling Bloomberg TV’s Stephanie Ruhle and Erik Schatzker that, like rats on a sinking ship, Herbalife distributors are turning states evidence on the firm. Videos shot by Herbalife distributors show executives admitting most distributors have little chance of success and their recruiting tactics are “deceptive.” The key corporate goal, the Setup a free account to get access to this article (no credit card required).Login required to continue reading.
