WSJ – Herbalife Ltd. trotted out slides, videos and a business-school professor Thursday as it sought to counter a hedge-fund manager’s assertion that the company is a pyramid scheme.
Two hedge-fund rivals are squaring off over Herbalife, with one saying the nutritional-supplements maker is a pyramid scheme and the other defending the company. Emily Glazer reports on Markets Hub. Photo: AP.
Herbalife officials led by Chief Executive Michael Johnson spent 2½ hours delivering arguments that the nutrition-supplement company’s customers are real and that its practice of selling through individuals who are given incentives to recruit new sellers is sound.