Herbalife Family Foundation Presents Humanitarian Award
LOS ANGELES--(BUSINESS WIRE)--
Herbalife Ltd. (NYSE: HLF), a global nutrition and direct selling company, paid out a record $34 million in annual bonuses to independent distributors at its Mark Hughes Bonus Award ceremony in Singapore. The highest check was for a record $2 million, with six checks of $1 million or more.
The gala took place at the Suntec International Convention Centre where Herbalife independent distributors from 60 countries were feted at a black-tie affair which followed several days of meetings, celebration and recognition.
The total bonus pool eligible for distribution is one percent of retail sales. Chairman and CEO Michael O. Johnson and President and COO Greg Probert presided over the award ceremony.
Herbalife Family Foundation
The Herbalife Family Foundation (HFF) raised a record $600,000 at its annual fundraiser. Later, the HFF presented its Humanitarian Award to Thomas Hayes of Ridgefield, Conn. The award is presented to an Herbalife independent distributor who exemplifies the foundation's mission and through their outstanding involvement and dedication, has made a significant contribution to changing lives worldwide.
As a weekly volunteer at the Terrence Cardinal Cooke Health Center (TCCHC), Hayes commutes to the facility in Harlem, N.Y., where he brightens the days of patients too ill or disabled to leave the center. The only center of its kind in New York state, the TCCHC is particularly close to Tom's heart as it provides a home and dignified lifestyle for those living with chronic illnesses - the elderly, severely disabled children, and people with AIDS, Alzheimer's, Huntington's disease or kidney failure.
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About Herbalife Ltd.
Herbalife Ltd. (NYSE: HLF) is a global network marketing company that sells weight-management, nutrition, and personal care products intended to support a healthy lifestyle. Herbalife products are sold in 65 countries through a network of 1.7 million independent distributors. The company supports the Herbalife Family Foundation and its Casa Herbalife program to bring good nutrition to children. Please visit Herbalife Investor Relations for additional financial information.
Source: Herbalife Ltd.
Released Mar 16, 2008 • 10:56am EDT