Herbalife Awards $30 Million in Distributor Bonuses
First Humanitarian Award Presented by Herbalife Family Foundation
LOS ANGELES--(BUSINESS WIRE)--
Over 3,000 Herbalife independent distributors gathered for the 2006 Mark Hughes Bonus Awards where Herbalife distributed $30 million in year-end bonuses, the largest pool ever, to its top achievers tonight at the Gibson Amphitheatre at Universal CityWalk. Five of the bonuses were over $1 million, with a top bonus of $1.8 million.
The awards capped an annual celebration where attendees traveled to Los Angeles from around the globe for a week of celebrations, meetings and recognition.
The ceremony was hosted by Herbalife CEO Michael O. Johnson and President and Chief Operating Officer Greg Probert. The total bonus pool eligible for distribution is one percent of retail sales which in 2006 was $3 billion.
The same evening, the Herbalife Family Foundation (HFF) presented its first Humanitarian Award in recognition of a 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.
Garry and Jennifer Debrabander, members of the company's prestigious Chairman's Club, were honored for their selfless generosity in giving back to their community including sponsoring children from World Vision and building orphanages and shelters in Zambia.
On Friday night, HFF hosted a black-tie gala that raised over $250,000 to benefit children at risk, and to help fund the foundation's Casa Herbalife program, which partners with existing organizations to help bring good nutrition to children. To date, 25 programs have been established around the world. Musicians from A Place Called Home in South Central Los Angeles, where the first Casa Herbalife program was established, entertained.
Herbalife Ltd. (NYSE:HLF) is a global network marketing company that sells weight-management, nutritional supplements and personal care products intended to support a healthy lifestyle. Herbalife products are sold in 64 countries through a network of 1.5 million independent distributors. The company supports the Herbalife Family Foundation (http://www.herbalifefamilyfoundation.org) and its Casa Herbalife program to bring good nutrition to children. Please visit Herbalife Investor Relations (http://ir.herbalife.com) for additional financial information.
Source: Herbalife Ltd.
Released Mar 25, 2007 • 1:53am EDT