![]() ![]() It was only when I went home that I realized what they were selling me.įor $59.25, I could become a distributor and get 25% off my $39.10 monthly canister of shake powder, which I could then sell at full price. Instead, I had to get my own results and share my experience. “You know how hard it is to convince someone to lose weight? It’s miserable,” he said. So I told Mark to sign me up as a tea and shake salesman so I could start calling people. So I decided to try not only using/eating/drinking/smoking/driving/watching Herbalife, depending on what it is, but also selling it. Then again, I’ve never met anyone who bets $1 billion on companies. I too have never bought anything, or met anyone who bought anything, from Herbalife. To put that in terms non–Wall Street people can understand, it means that whatever Herbalife is, there is more than $1 billion of it.Īckman, after lobbying Congress, persuaded the FTC to investigate the company and has posed one question to audiences that I find very convincing: Have you ever bought a product from Herbalife? Almost all of them say no. So I got very interested when hedge-fund manager Bill Ackman bet $1 billion that Herbalife is a pyramid scheme and Carl Icahn, who hates him, argued that it so totally isn’t and set out to prove it by buying $1 billion worth of the company. I love when billionaires fight, because they do it with money, which is the third best way to fight, after Jell-O wrestling and dating your ex’s best friend.
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