Pyramid schemes

Uncle Carl is loving the totally legitimate diet-shake company’s $266 million share buyback. Bill Ackman hasn’t weighed in on the racist pyramid scheme’s move, but it is safe to say he’s not impressed. Read more »

The good news never stops at Carl Icahn’s favorite diet-shake purveyor, which no doubt welcomes probe number five-ish as another exciting opportunity to show it is totally above-board. Read more »

Bill Ackman’s Persistent Lobbying Efforts Pay Off

This week was looking like one that Bill Ackman would want to forget. It began with a New York Times article that read like something Herbalife CEO Michael Johnson and Carl Icahn might have collaborated on. It continued with yesterday’s $300 million Fannie Mae/Freddie Mac hiccup. Even Ackman’s latest presentation on what he very sincerely hopes is a pyramid scheme, accusing Herbalife of breaking Chinese laws, failed to either lift his spirit or dent its stock price. But this has definitely accomplished the latter, and almost certainly the former. Read more »

  • 27 May 2010 at 11:17 AM

Is Ken Lewis’s Wife Involved In A Pyramid Scheme?

That’s what some local Charlotte TV station is alleging, claiming that Donna Lewis has been working as a sales rep for FHTM, “a multi-level marketer recently fined as a pyramid scheme.” The wife of KL doesn’t deny working for the company but takes offense to the notion that anything illegal is going down. “It is truly not a pyramid,” Lewis said. “It’s helping people in this horrible economy make a living.” Read more »