Herbalife Compensates Following Regulatory Scrutiny, Icahn's Takeover Play
This article was originally published in The Rose Sheet
Executive Summary
Revamped compensation practices Herbalife agreed to implement as part of a settlement to end the FTC investigation are starting to bear fruit, says Co-President John DeSimone. Investor Carl Icahn, meanwhile, sold a large slice of his stake in the firm's recent share buy-back tender, ending this takeover leverage while remaining the largest shareholder.