Wait. Are my checks still clearing?
The Los Angeles nutritional supplement company, with its East Coast manufacturing plant in Winston-Salem, reported in a regulatory filing Friday that none of its top-four executives received lucrative incentive pay for fiscal 2014.
Total compensation for Michael Johnson, its chairman and chief executive, fell 35.9 percent to $6.73 million….
Herbalife said in the filing that “target amounts for the applicable performance goals were not met in 2015, and therefore no individual received a payout under his respective annual incentive award.”
Herbalife’s financial performance hits executive bonuses [Winston-Salem Journal]
Herbalife cuts pay of CEO Johnson 36 percent after missed targets [Reuters]