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Podcasts Take Two
Investor Bill Ackman calls Herbalife a pyramid scheme
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Jan 14, 2013
Investor Bill Ackman calls Herbalife a pyramid scheme
The L.A.-based company, Herbalife, makes billions of dollars selling nutritional supplements all over the world; the company did $3.5 billion in net sales last year.Sounds profitable, yet hedge fund manager and activist investor Bill Ackman is betting that Herbalife stock will soon be worth zero.
A worker cleans the logo on the Herbalife sign as finishing touches are put on the company's building in Torrance, Calif. Herbalife came out swinging Thursday, Jan. 10, 2013 against claims made by hedge fund manager William Ackman that the business amounts to a pyramid scheme.
A worker cleans the logo on the Herbalife sign as finishing touches are put on the company's building in Torrance, Calif. Herbalife came out swinging Thursday, Jan. 10, 2013 against claims made by hedge fund manager William Ackman that the business amounts to a pyramid scheme.
(
SUSAN GOLDMAN
)

The L.A.-based company, Herbalife, makes billions of dollars selling nutritional supplements all over the world; the company did $3.5 billion in net sales last year.Sounds profitable, yet hedge fund manager and activist investor Bill Ackman is betting that Herbalife stock will soon be worth zero.

The L.A.-based company, Herbalife, makes billions of dollars selling nutritional supplements all over the world; the company did $3.5 billion in net sales last year.

Sounds profitable, yet hedge fund manager and activist investor Bill Ackman is betting that Herbalife stock will soon be worth zero. With us to explain is KPCC's business reporter Matt Debord.