Bill Ackman: Herbalife Distributors Turning State’s Evidence
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- Опубликовано: 16 дек 2014
- Dec. 17 (Bloomberg) -- Bill Ackman, chief executive officer at Pershing Square, discusses new internal video he’s obtained to back up his allegations that Herbalife is a pyramid scheme two years after his short call on the company and talks about some of his other positions in Allergan, Fannie Mae and Freddie Mac and Canadian Pacific Railway and offers a comment on McDonald’s management. He speaks on “Market Makers.”
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Even if Herbalife wasn't a pyramid scheme, it makes no sense to become a distributor. If you're going to sell "health" products and recruit others to work for you, just start your own damn business and keep all your profits.
+MelkorHimself that's always the ideal way but you still have to supply said products. That's exactly where companies like Herbalife come in handy for aspiring entrepreneurs. On top of that, starting a business the old fashioned way is always much more expensive.
Melkor it is a scam only the ones on the top
Melkor u have a strong point .. and that's the truth .. start ur own company
HERBALIFE Is A Great COMPANY,
I LIKE The PRODUCTS.
That is how I see it too. I have attempted to say the same to a number of Amway distributors, so far without success.
One thing that first made me concerned about Herbalife’s integrity and nature as a pyramid scheme is that in every video, conference, lecture or class the company has made, the business structure, amount of potential income and how much someone can make is always discussed but the product is always presented secondary to it. That’s a common trait among pyramid schemes, they advertise money making and apparent profitability for their participants over what they actually sell.
"Carl is gonna do fine" now that's a man with class
Fight the good fight Bill. You really are doing God's work.
Of course... because god is alive and he sent bill from heaven to destroy herbalife and the employees, but Bill does not care about his hundred of thousand of People which can loose their Jobs in herbalife.. what a great man!
R. Tell I know God hates pyramid schemes. He told me.
Somebody needs to. Cause God is playing PlayStation
Well, considering that most people involved in an MLM made below minimum wage, they'd do better without that job and they'd stop telling me that their products would miraculously cure my migraines.
@@Ronald-cq7cz 98% of herbal-life sellers lose money, what a great “job”!!!
How can you justify selling a product you don't or wouldn't use yourself? What a scam! Wake up!
they actually have to use the products themselves, there is a minimum they have to spend every month, which is expected to be spent on product distributor uses. basically with their membership, they get an initial 15% and that's how the company makes the most money - by distributer using their products.
The female journalistis so rude to her co-host, she is so autocratic and loud its annoying.
Stephanie Ruhle shes on MSNBC now
Shut up you sexist pig
Yeah she does this on MSNBC as well
I was a distributor in the early 1990s.. I loved the products,, they Worked. However, i joined to get the product discount.
Many people did the same as you. That would be the only reason to hop on board and maybe make a couple of sales just for fun (not financial gain).
Best nutrition , awesome as f
I was there, 20 years ago, its a scam
I tried it..never worked..shakes tasty though
My best freind is into DoTERRA oils...
It's 2018 and Herbalife is still going strong. Smh.
People's stupidity and lack of investigation knows no bounds
Spoken by someone who doesn't know how the market works. Enron was kickin it too.
Worse when you know people being played by them. 🤦🏻♂️
Please go after amway too
How about banks too? ;)
how about the government, lottos, health insurance, social security, CEOS who run big companies
401K, big fund managers who keep investors money and buy yachts, private helicopters, when they should be giving that money back to the investors
atlasstanding he is mad because he shorted the stock and his investmnet failed. He was in the Company now he is against it. He is also full of crap
Today, jan8 2019 the stock is at 59.00 per share.
Omg I'm so sick of people not taking responsibility for their own actions! Their own choices rather! No one held a gun to anyone's head and said if you don't join my team or Herbal Life you are going to be shot!! Wow it's so annoying!!
True. Nobody deceived me about the products or income prospect when I was approached by Herbalife people.
No one held a gun to someones head that joined Bernie Madoffs fund, it doesn’t mean that Bernie Madoff shouldn’t be held responsible...
Indeed... it's a scam, not an armed robbery. Not sure why that absolves the perpetrators, in your view.
Lol why is that lady shouting?
Matt Killam cause eric aint getting it
wow where's that 3 hour video??? I wanna see that.
$58 today. I agree with everything he's said but he's lost a lot of money
yep..kinda funny too.
He just made possibly one of the greatest trade ever in march 2020. lose some win some
Check the price now.
Herbalife is expanding to Vietnam.
Same as AMWAY and Primerica
It was a real pyramid scheme, I was part of this huge network, we had to take a certain amount of goods that produced by the company initially upon the joining date, then it had a minimum order quantity that as a distributor who are required to take on a monthly or quarterly basis, in order to be operating in that field, as a result some of the distributors accumulated a huge load of goods at the end of the year, which in turn we need to find others to join the network in order to sell these goods out and cash in, that was how basically this giant network works in a way that exactly showed in the videos provided by bill..... bill was telling the truth.....
Dec 2014 herbalife is about $16 stock price July 16th 2019 Herbalife is $41 stock price. This guy is going short on his life. Wasting time!!
The only thing that Herbalife can do in this situation is go global to places that may not get wind of their business model....this can only be sustained for so long. It terrible when people take advantage of others like this. If this company did not base their profits on those below them recruiting and having to buy required monthly bulk products to "sell" to their customers, then this might be considered a legitimate business. You should be primarily relying on the sell of the products and not the products of the people you recruited and when they buy what they have to sell. Technically, the only people being entrusted to sell the product are those at the bottom.
Every business that uses this model is a scam for those who become a distributor. Lots of them in Australia, although I think people are smarter and realise that you’re working for them, not yourself.
Proof positive that Australians on the whole know the difference between you’re and Your
And are thus better educated than the dumbed down North Americans.
They still going strong for a reason. If your trying to loose weight gain weight have digestive issues eat healthy the products actually work.
Yeah, because of marketing. Who you trying to fool? Go vegetarian for 2 months at exactly 50 dollars a month and you will become healthy.
*This comment brought you by Herbalife.
@@jodyroane4219 Vegetarians are not healthy neither complete natural diet. Many vegans developed cancer.
@@jodyroane4219 Vegetarian diet is so bland, boring & not healthy
I called this joker a few months back to see if he wanted to destroy Herbalife not from the pyramid scheme, but from a health destroying element..... he never returned my call
do tell
He said he thinks 2015 will be the end of Herbalife and in 2016 ..... wtf? Sounds desperate to me. I wonder what he's thinking now after all that REACHING.......... WHAT A CLOWN.
Their stocks went way tf up
Speak thruth Bill
His skin is flawless
Mitch G seriously he just looks healthy and has nice eyes I’m glad you noticed it
Makeup
He is stunning
Envious people destroy the world
More people need to see this!
RIP Ackman
is he dead?
no but he lost
Herbalife is a health destroying scam
now its august 2018, stock is 57.40... lucky bastards
wow.
dirty money netflix,,,this is the guys from valeant! hahaha
It's 2024 and $HLF is trading at $12.36 USD. It just goes to show how incompetent efficient market theory can be at times.
Can you smoke it?
herbalife is ridiculous, only in America...
Battshit Crazy it is ridiculous but it's also worldwide, especially in south America
This is actually Not "only in America" -- comments on another video show these schemes are sold in other countries too, including India and the Czech republic.
Only meant to comment once, somehow it appears twice, sorry.
Mostly it's Hispanics and other minorities who go to these establishments IN THE U.S.A
So yeah in America but effective anywhere that has slightly less educated people.
It's a hunter and prey game and yes America is the hunter
Any company that has huge weird events like this where they dance around .... is a scam
They dont just dance but talk, motivate, inspire, share stories & let members perform & entertain on stage. Its more like a party than a convention. Gets you excited & motivated. Would you goto a boring convention & stay for hours til the end?
It's 2019 & I stopped following everyone that pushed Herbalife in 2017. I should do a social media check, see who is still posting Herbalife promos.
“They’re running out of victims” but theres also a sucker born every second 🤣 their target audience
Didnt he loose at the short
Xango Juice is another similar fraud.
A graph which shows sales growth means that more is being sold (assuming costs have not increased). That is not a terrible position as Bill thinks.
That dude is kind of gorgeous.
Like Ted Bundy
yeah! i can't take my eyes on him, he is handsome.
I'm not listening to him, just wondering how he hit the genetics lottery. Meeeeowwww! 😻🤒😘
@@gigihadid3745 aha ha ha haa!
@@gigihadid3745 😁 Are you really that model Gigi Hadid?
And...Mary Kay?
Avon, Amkay, Amway, Cosway, Usana, Shaklee, Mary Kay, Tupperware & many others all are legit MLM just like Herbalife
What a fool, lost so much money just to get a point across. He did not factor in the dog-like loyalty that Herbalife distributors have toward the company
dog-like.......60+% annual churn rate. What breed of dog is that???
@@johnd9541 😂😂😂🤣🤣
Tell it to his billions.
My question is what businesses does this person owns to harm his concurrence ;) people arroud the world is a lot of companies like this one and very successful ;) because of this faire scheme ;)
How could he be so wrong? HLF recovered and killed him financially.
IT WOULD BE GREAT FOR THE "SHORT THESIS"...IF HERBALIFE ...FALLS APART.... ACKERMAN ADMITS....NO WONDER HE IS PAYING FOR THE SMEAR CAMPAIGN. NOT SAYING THAT HERBALIFE IS NOT A SCHEME....BUT THIS GUY IS SCHEMING TOO...
Brazeeeelll 🤣
Is schemes, if a friends trying to get you into this means, your idiot's. 3 company's but different systems. Some insurance, books, and products. I saw some people ruin their married bcuz of this, and a friend of mine even dye lack of money. That person, on hes record hes valedictorian in college. But, he's belief he will be rich someday. He died unemployment. No home,.I even know 1 doctor dentist, also her husband a pastor doing this thing. Imagined that. I even saw their own son stealing money.
Obviously he has not tried the products because the work. I work graveyards and Herbalife Liftoff keeps me awake.
Why are they calling Herb -Erb??
Advocare is the same thing in my opinion. Avoid it
I don't know why Bills expertise was disregarded so long. I think he can recognize a pyramid scheme when he sees one he's not dumb.
okay. I saw you in several bill related videos and i think you admire him
Why is Herbalife still here?
I wish I knew that too. All I can do is quote another comment on RUclips - "Ackman underestimated the power of stupidity in large numbers."
Becos they are legit & their products really work. Simple.
When this will be banned and all the products should pull back from market. Middle class and low middle class peole are attracted and wasting their money
the woman is smitten
He's handsome af
Hahaha 😁
there is an obvious conflict when this news is promoted by a short seller just saying
well said....and the previous story of that big scandal about his company acquisition....i saw it on netflix, they were profiting over the sick people....shame on them
VERY TRUE....scam on all sides....
Ackman is a vulture. Speculators are all vultures.
He is a narcissist
Stefany Rule rules
It looks like the house of cards called Herbalife is going to fall.
still going strong ...
Why is this man playing to sue a company that has money.
I drank that crap 1 time in my life. When i was at my homies house and found it in his kitchen so i said fuck it why not so i mix that crap powder with milk 2% and i put a banana in it and i drank it and right away i felt rich cause i didnt pay for it lol 😂
5 min later i was like 🥴🤢 and i said i hate that crap😂
And the rest of the day i was just saying man that crap is a complete JOKE 😎😂
Herbal life may be Running Out of Victims , how about you Bill ? Are you running out of victims ?
He came to dump the market with the video and then close the short position in big proffit. Ahahah now after many years I understand what Ackman did there
All I know is that Ackman's face filled with botox and fake tan is really creepy.
I want to buy herbalife
Hello Jorge where are you from?
I am Hispanic myself but let me just say many Hispanic be falling for it... they be buying this product that way too expensive and brain wash you to buy it and buy it more and more
You cant expect cheap price & get very effective, high quality expensive sourced products for just about any thing in this world can you? Eg The shakes actually save you money monthly cos they are complete nutritious meal replacements & you dont need to spend on other health products or gadgets to help you lose weight. You can get discount when you sign up as a distributor even if you not planning to do any sales.
well well well Bill knew what the huns didn’t
This lady
For those who aren’t aware, Herbalife is an example of multilevel marketing. Herbalife is a well known name brand. Their products work. Personally, I don’t use Herbalife, but my next door neighbor is a distributor: Basically, Herbalife streamlines the business to the public through a membership. The profits are shared with everyone... from the highest peak to $1 per week at the lowest level.
Herbalife is a well known brand. They could take their product to consumers through stores... imagine going to your local food stores and being able to purchase Herbalife. If that were to happen, money would go to Corporate America,
You are right i am wondering why you do not use the products =)
Very acute & perceptive 👍
I feel bad for Ackman because I agree that it's a very sketchy business model. It's a shame market movements didn't reflect that.
The markets? Although publicly traded, the stock is owned by institutional investors, therefore devaluing the stock would hurt their own bank accounts. The stock price doesn't reflect organic market demand.
Today in 2024 the market acted according to Ackman's words
Why do they call it "Erbalife"?
Bojan Kotur the "H" is silent in English Language.. Confusing, I know
Molli Wilson in English language? You mean for Americans I think
The "h" is also silent in Spanish when at the beginning of a word.
@@molliwilson5639 no it's not
American-English speakers treat the "H" as silent in Herb. Fun Fact though, this is true only when talking about plants- American men named "Herb" DO pronounce the "H" at the beginning... LOL! Also- British speakers pronounce the letter H on it's own like "Haych", making a "Huh" sound at the beginning, while Americans say "aych" with no Huh sound at the beginning. I think this difference in the way the letter H is pronounced is likely related to- or entirely the reason for- the different pronunciation of the word Herb in the two countries
naa,.
Herbalife still going strong in 2021 lol
Why was he mopping his brow?
He's hot.
It sounds like a get rich quick scheme and they target desperate people.
Herbal Life takes advantage of well intentioned... But also stupid and somewhat greedy people. Don't buy something in bulk if you can't sell it. How about being an adult and get the "I'm going to be rich" fantasy out of your head and do some research to see if this is actually a profitable business venture.
Why do Americans say erb not herb.... Why loose the h
They're f'n lazy and just like to collect welfare and disability.
I think the anchor man is a bit off at 8:00
Nooo, he asked intelligent Q
Herbalife is stil here....
That was in 2005 haha lol not now. Things change.
Did he spend any money on Spanish speaking platforms?
Marketing is. a Lie. ..... Saying to Poor People’s That They Will Be Rich In one Year .... Thanks... Gracias
Any product whose Profit margin is dependent on distributors ... Is fundamentally unstable...
Freedom of speech
BILL WILL GUT OF HIS OWN NOSE TO HARM HERBALIFE, ISN'T THAT STUPID.
IF YOU ARE JEALOUS THEN YOU GO ON LIKE BILL, SHAME
2024.... %%😂😂😂
SCAMWAY
I guess ackmans bet did not pay off!! Nice try though.. You can’t win by tearing others down even if they are in the wrong..
all i want to know is what skin care he uses..
Herbalife skin products 😉
The most things,what he said,is a truth,but also have a people whose had a big experience,with HL products.
Positiv experience..
All is a own choice,or you want or not,be a HL distributor.
I am sure it's Herbalife products. A friend of mine is taking Herbalife products and he looks 20 years younger than his real age. Great skin too!
Botox. Fillers
Herbalife products
Its a big scam continuing from so many years. Middle class peoople are most hit
Title should say " herbal life goes after Mexicans" let's be honest the majority of them are Latinos
Because Latinos are smart, resilient & hardworking & wants to improve their life
Thank goodness Herbalife won and continues to go from strength to strength! `the products are exceptional so it is NOT a 'pyramid scheme' = nobody is forced to buy any product they don't need. Herbalife gives the distributor a chance to have a great full or part time business. A business depends on the effort put into it & the whiners are usually the people who don't stick around & work hard enough. 42 years & over 90 countries - I think if this was a 'pyramid scheme' it would have been closed down a long time ago. More harm has been done by this greedy lot trying to bring them down......
Where do bloomberg get this female presenter in green from? When they sack her short hard face self what will she do?
HERBALIFE Is A GREAT COMPANY.
I LIKE The PRODUCTS.
2:0
#!
he doesn;t know what he's talking about, Mean While i just Keep using this great products with all the science and doctors they have behind, helping customers get results and finding people that want to do the same
herbalifehispano lol you are brainwashed
Herbalife a pyramid what fool will not see this? O mankind get rich quick ponzi