Great thread set up. It tells us everything we need to know about Herbalife and why there's a controversy. Great job.
summary of the backstory & ongoing controversy, again breaking news pending tho.... Since David Einhorn of Greenlight Capital asked a few questions about where the revenue of the multi-level marketing (MLM) company Herbalife (HLF) originates, a growing controversy over this company was sparked among hedge fund managers, corporate raiders and investor activists. The issue exploded into a forest fire when William Ackman of Pershing Square Capital delivered a 300-slide thesis against Herbalife in which he charged that Herbalife is an illegal pyramid scheme whose stock value should be zero. Some MLM industry figures have joined the fray, arguing that Ackman's thesis is a dagger aimed at the heart of the entire multi-level marketing industry. The debate has ranged at times from a rational economic analyses to disputes about the definition and legality of pyramid schemes, to personal clashes between long or short shareholder interest groups. It has spawned an industry of speculation about regulatory prospects and even ethical and patriotic perspectives on pyramid selling schemes.
People like Robin Quivers, who fears and feels that western medicine is a conspiracy to experiment on us like Mengele.
Don't they own one of those huge skyscrapers in L.A.? Or do they just pay to have their name on the building?
I know 2 people that sell that shit.... One is waaaaay into it, and is still thoroughly convinced that he's gonna be wealthy as a result...
There used to be a big building with an Herbalife sign along the 405 near LAX, but I haven't been in that part of town in a couple years and don't know if it's still there.
Penn and Teller did an episode of Bullshit! about multi-level marketing companies. It was really good and I felt sorry for the one sucker they showed who was convinced he would become rich by getting other people to sign up. It was for some juice drink from Deepak Chopra. Which then shows you that Chopra is nothing more than a snake oil salesman and his whole enterprise is bullshit.
years ago i had a neighbor invite me to a meeting, he didnt tell me what it was...it turned out to be amway, except they were calling it something else at the time...it was held at a big hotel meeting room, very cultish & weird...
a business leeds group was looking for an accountant to join their group so they invited me. one of the most vocal of the group was a dipshit bitch whose business was herbalife...i got da fuk outta there...no way i want my clients associated with that horseshit...
When matthew T would actually read a story and not just spout bullshit with no knowledge of the subject.... wait, that will never happen. The auditor quit because they were insider trading.
