The besieged health supplements company said on Monday that it had renegotiated its agreement with Carl C. Icahn, allowing its biggest shareholder three additional seats on the board, which would bring his representation to five seats….
Herbalife will nominate Hunter C. Gary, Jesse A. Lynn and James L. Nelson for election to its 13-member board at its annual meeting in Los Angeles on April 29. Mr. Gary and Mr. Lynn are employees of Icahn Enterprises, while Mr. Nelson is an independent director of Icahn Enterprises.
Falcon Heavy And Herbalife: A Bill Ackman-Carl Icahn Story
Carl and Bill take their fraught bromance where it belongs: to the moon.