Herbalife Posts Second Video Showing How Bill Ackman Appears to Be Driven by His Own Personal Agenda, Resulting in Millions L...
August 31 2016 - 9:00AM
Business Wire
Global nutrition company Herbalife (NYSE: HLF) today announced
the second in its latest series of videos that showcase
observations by the media and other thought leaders about the
motives, failed investment strategies and questionable tactics of
Bill Ackman. Observers have questioned his scruples and ethics,
arguing that he has put his personal agenda ahead of the interests
of his investors.
The second video in the series, “Costly Missteps” posted today
on TheRealBillAckman.com, includes observations of journalists and
others about how Ackman’s “hubris and ego” have cost his investors
millions of dollars. Others have commented that to “double down,
even triple down on his original poor investment, is ridiculous.”
Finally, some have said that Ackman’s investment strategy “is
nothing more than gambling.”
“In addition to the investment loss for his investors, Bill
Ackman has spent hundreds of millions of dollars on carrying costs,
lobbying and public relations. This is real money for his investors
who, according to recent media articles, are questioning his
investment strategies,” said Alan Hoffman, executive vice
president, global corporate affairs, Herbalife.
For close to four years, Bill Ackman has launched a well-funded,
aggressive market manipulation campaign, filled with false
statements, to support his reckless $1 billion bet against
Herbalife. In addition to the investment loss for his investors,
Bill Ackman said his carrying costs were approximately $100 million
annually, which when combined with the more than $75 million he has
spent on lobbying and public relations, adds up to real money.
Visit http://www.therealbillackman.com/ to watch the video and
learn more about Bill Ackman’s utterly unimpressive record and
questionable tactics.
About Herbalife:
Herbalife is a global nutrition company that has been changing
people's lives with great products since 1980. Our nutrition,
weight-management, energy and fitness and personal care products
are available exclusively to and through dedicated Herbalife
independent members in more than 90 countries. We are committed to
fighting the worldwide problems of poor nutrition and obesity by
offering high-quality products, one-on-one coaching with an
Herbalife member and a community that inspires customers to live a
healthy, active life.
The company has over 8,000 employees worldwide, and its shares
are traded on the New York Stock Exchange (NYSE: HLF)
with net sales of $4.5 billion in 2015. The Herbalife
website contains a significant amount of financial and other
information about the company at http://ir.Herbalife.com. The
company encourages investors to visit its website from time to
time, as information is updated and new information in posted. To
learn more, visit Herbalife.com or IAmHerbalife.com.
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HerbalifeMegan Jordan/Jennifer
Butler213-745-2931Media@Herbalife.com
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