Herbalife CEO: We Are At 'War' With Bill Ackman
Screenshot
In a video interview with LA Magazine, Johnson said that Ackman's' assertions that the company is a pyramid scheme and that its stock will fall to $0 are, for Herbalife, "a war."
"For any of us [at Herbalife] to think otherwise would be a mistake, because [Ackman] has spent $50 million trying to take us down... Name another company that this has happened to before, and the tactics that have been used against us," Johnson told LA Mag's Giselle Fernandez.
Johnson also said that Ackman's campaign against Herbalife is, "uninformed, and to us unintelligible," and he is confident the FTC's investigation into the company will result in the Commission finding that Herbalife is a "pretty good company."
Johnson said that Carl Icahn, who is Herbalife's largest shareholder and has five seats on its board, is a wise investor and that his involvement in the company was a good move for him, and a good move for Herbalife.
When asked what current shareholders can do, Johnson said they should remain focused on the fact that the company is still profitable, and ignore the "knuckleheads in bathrobes" who write about the company.
In afternoon trade on Wednesday, Herbalife shares were down about 5%.
You can watch the full interview below.
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling
- Climate change could become main driver of biodiversity decline by mid-century: Study
- RBI initiates transition plan: Small finance banks to ascend to universal banking status
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market