Herbalife Today Posts First in a New Series of Videos on TheRealBillAckman.com
August 29 2016 - 11:10AM
Business Wire
Shows How Bill Ackman’s Hubris Drives Him To
Make Unsound Decisions Costing His Investors Hundreds Of Millions
Of Dollars
Global nutrition company Herbalife (NYSE: HLF) today announced
the debut of its latest series of videos that showcase observations
by the media and other thought leaders about the motives, failed
investment strategies and questionable tactics of Bill Ackman.
Observers have questioned his scruples and ethics, arguing that he
has put his personal agenda ahead of the interests of his
investors.
The premier video in the series, “Frequently Wrong, Always in
Denial” posted today on TheRealBillAckman.com, illustrates Ackman’s
inability to admit his many investment mistakes. Quoted in Vanity
Fair, one of Ackman’s hedge fund contemporaries stated “There is a
saying in this business: ‘Often wrong, never in doubt.’ Ackman
personifies it.”
“As we approach the four year anniversary of Bill Ackman’s
unprecedented market manipulation campaign, a campaign that Bill
Ackman admitted is costing him approximately $100 million annually
in just carrying costs, it is important to point out that numerous
respected journalists and industry experts have concluded his
self-serving activism and hubris appear to be clouding his
judgment, just as it has in the past,” said Alan Hoffman, executive
vice president, global corporate affairs, Herbalife.
Hoffman continued: “For close to four years, Bill Ackman has
launched a well-funded, aggressive market manipulation campaign,
filled with false statements, to support his reckless $1 billion
bet against Herbalife. In addition to the investment loss for his
investors, Bill Ackman said his carrying costs were approximately
$100 million annually, which when combined with the more than $75
million he has spent on lobbying and public relations, adds up to
real money.”
Visit http://www.therealbillackman.com/ to watch the video and
learn more about Bill Ackman’s utterly unimpressive record and
questionable tactics.
About Herbalife:
Herbalife is a global nutrition company that has been changing
people's lives with great products since 1980. Our nutrition,
weight-management, energy and fitness and personal care products
are available exclusively to and through dedicated Herbalife
independent members in more than 90 countries. We are committed to
fighting the worldwide problems of poor nutrition and obesity by
offering high-quality products, one-on-one coaching with an
Herbalife member and a community that inspires customers to live a
healthy, active life.
The company has over 8,000 employees worldwide, and its shares
are traded on the New York Stock Exchange (NYSE: HLF)
with net sales of $4.5 billion in 2015. The Herbalife
website contains a significant amount of financial and other
information about the company at http://ir.Herbalife.com. The
company encourages investors to visit its website from time to
time, as information is updated and new information in posted. To
learn more, visit Herbalife.com or IAmHerbalife.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160829005711/en/
HerbalifeMegan Jordan/Jennifer
Butler213-745-2931Media@Herbalife.com
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