Editor’s Note: Herbalife Ltd. (NYSE:HLF)
The Broadening Coalition Backing Herbalife In Its Battle With Bill Ackman (Forbes)
Herbalife, the controversial seller of diet shakes, keeps attracting big players to its cause, assembling a broad coalition of prominent supporters as it fights hedge fund manager William Ackman’s accusation that it is operating an illegal pyramid scheme. Last week Herbalife added two influential backers that could prove to be important allies. Antonio Villaraigosa, the former mayor of Los Angeles, has hopped on board to serve as a senior advisor to Michael Johnson, the chief executive of Herbalife, and the company’s board of directors.
Former L.A. Mayor Villaraigosa Accepts Job with Herbalife, Criticism Swift & Harsh (Hispanically Speaking News)
The former Mayor of Los Angeles, Antonio Villaraigosa has been hired to be an adviser to the controversial Herbalife Ltd. (NYSE:HLF), the company announced through a press release. The announcement received swift and harsh criticism from the Latino community. The Mexican-American former mayor will advise the California-based entity on ‘strategic business development and global community outreach.’ Villaraigosa, 60, is joining the firm during an especially critical time as the company fights accusations of being a pyramid scheme that takes advantages of many, especially Latinos.
Herbalife Could Receive Up to $1 Billion in Damages from KPMG (Value Walk)
Timothy Ramey, CFA just cannot get enough of those yummy shakes! The food, beverage, and nutrition industries analyst at DA Davidson seems to find ways to create news regarding Herbalife Ltd. (NYSE:HLF) even when there is seemingly little (or no) news on the topic. The analyst is out with a new report about Ackman’s reported loss in the MLM company. Ramey also counts the long list of top shareholders including Fidelity, Putnam, Morgan Stanley (which own basically every stock in the world) and Chapman (who manages a tiny drop of money). Obviously Ramey wouldn’t write a report just to mock Ackman, so there must be a lot of value in it. Therefore, we present his recent report without further comment.
Antonio Villaraigosa supplements Herbalife (Politico)
After leaving office in June, former Los Angeles Mayor Antonio Villaraigosa has found a new gig as consultant for Herbalife Ltd. (NYSE:HLF). The company said in a press release that Villaraigosa, who served as eight years as mayor, will “provide counsel on strategic business development and global community outreach” and “serve as a senior advisor to Herbalife Chief Executive Michael O. Johnson and the company’s board of directors.”
Herbalife Joins 26th Annual Hispanic Heritage Awards as Sponsor of Inspira Award (Heraldonline.com)
Last night, Herbalife Ltd. (NYSE:HLF) was a key sponsor of the 2013 Hispanic Heritage Awards. The prestigious Awards, which celebrate Hispanic cultural pride, contributions, and accomplishments, took place on Thursday, Sept. 5, at the John F. Kennedy Center for the Performing Arts in Washington, D.C. and will be broadcasted on MundoFox on Sunday, Sept. 15, at 7:00 p.m.