LOS ANGELES--(BUSINESS WIRE)--
Global nutrition company Herbalife (NYSE: HLF) today announced the third
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 third video in the series, "Strategies
Cost His Investors Millions," posted today on TheRealBillAckman.com.
Many have criticized his imprudent investment strategy, noting, "To take
that big a bet for your fund and your investors, I think it's foolish,"
and, "He's failed to follow the No. 1 rule of investing: cut your
"Like other investments, it seems as though Bill Ackman's hubris might
be getting in the way of his judgment," 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.
to watch the video and learn more about Bill Ackman's utterly
unimpressive record and questionable tactics.
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,
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Megan Jordan/Jennifer Butler
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