Herbalife Ltd. said Chairman and Chief Executive Officer Michael Johnson was paid compensation of $10.3 million in 2012, a drop from the previous year when his pay was inflated by the value of stock awards.
Herbalife Ltd. Director Jeff Dunn said hedge fund manager Bill Ackman is wrong in his analysis that the company is a pyramid scheme and is just “throwing rocks” to support his short position in the shares.
Herbalife Ltd. Chief Executive Officer Michael Johnson accused hedge fund manager Bill Ackman of “gross mischaracterizations” about the nutrition company’s direct-selling model as Herbalife executives mounted a point-by- point defense for investors.
Baltimore Ravens quarterback Joe Flacco cashed in on his championship season by signing the richest contract in National Football League history -- a six- year, $120.6 million deal that includes a $29 million signing bonus and $52 million in guaranteed money.
Bill Ackman’s quest to expose Herbalife Ltd. started with a tip from a friend. The call came from a reporter turned stock researcher, who had penned a book about the hedge fund manager’s last big short and was now telling him that Herbalife smelled like a pyramid scheme.
A majority of banks in the Southeast U.S. supervised by the Federal Reserve Bank of Atlanta remain troubled more than two and a half years after the recession ended, said Michael Johnson, senior vice president for supervision and regulation.