Herbalife (HLF) to Be More Open on Distributor Payments; Will Ackman Budge?
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UPDATE: Herbalife (HLF) Won't Issue Response to Ackman's Questions, Not an Investor - FBN's Gasparino
February 14, 2013 10:09 AM EST(Updated - February 14, 2013 12:57 PM EST)
Fox Business Network correspondent Charles Gasparino is out with a bit more information on the continuing saga between Herbalife (NYSE: HLF) and Pershing Square's Bill Ackman.
According to Gasparino's Twitter account: "...Source close to herbalife says co wont answer ackman's questions because hes... More
Ackman's Pershing Square Posts New Questions for Herbalife (HLF)
February 7, 2013 9:26 AM ESTPershing Square Capital Management, L.P. issued questions for Herbalife (NYSE: HLF): http://goo.gl/zbem3.
William A. Ackman, CEO of Pershing Square Capital Management, said, "Herbalife management has repeatedly stated its commitment to total transparency,... More
Herbalife (HLF) Updates on Distributor Compensation Schedule; 88% Received No Payments in FY12
February 7, 2013 8:39 AM ESTFollowing reports on Wednesday that Herbalife (NYSE: HLF) would become more open with compensation of distributors, the company issued the following statement today:
People become Herbalife Distributors for a number of reasons. The majority (73%) primarily join us to receive a wholesale price on products they and their families enjoy. Some wish to earn part-time money, wanting to give direct sales a try and are encouraged by Herbalifes low start-up costs (at their option, a mini-International Business Pack (IBP) at $59 or full IBP at $109) and money-back guarantee(2). Others are drawn to... More
