Take Two®

News and culture through the lens of Southern California. Hosted by A Martínez

Investor Bill Ackman calls Herbalife a pyramid scheme

by Take Two®

53511 full
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. With us to explain is KPCC's business reporter Matt Debord.

blog comments powered by Disqus

Enjoy Take Two®? Try KPCC’s other programs.

What's popular now on KPCC