December 13, 1992
While James Bates wrote a balanced column ("Footnotes," Dec. 7) about my multilevel marketing business, he made one serious slip of the word that unfairly indicted my company. When he wrote, "Omnitrition is a 'multilevel marketing' company, in which distributors make money when they recruit other distributors," he inadvertently accused us of illegal activity. Not only is the statement absolutely wrong, making money strictly off recruitment, in fact, is against federal law. Omnitrition is a legal company providing part-time and full-time financial opportunities for thousands.
October 23, 2013 |
It looks like former Los Angeles Mayor Antonio Villaraigosa, who we heard was intent on keeping his political options open when he left City Hall this summer -- a run for governor was mentioned -- has instead decided to go for the money. The question is how many conflicts of interest this onetime rising Democratic star can juggle at once. Villaraigosa's newest deal is an advisory contract with the big public relations firm Edelman. That's curious, because Edelman also handles PR for hedge fund manager Bill Ackman, who has been on a months-long campaign to bring down the Los Angeles multilevel marketing firm Herbalife Ltd. -- where Villaraigosa is also a paid advisor.
CALIFORNIA | LOCAL
November 26, 1996 |
Fifty years after its founders started doing business from a tent in the Avenue area of west Ventura, magazine distributor Schulze News Co. will close on Jan. 24. On Friday, company President Dave Schulze, 53, called the nearly 30 employees together at the headquarters on Palma Drive in Ventura to break the news. He cited competition among distributors as the reason for the closure. He said Schulze News Co.
December 12, 2013 |
Looking to bring an end to channels going dark as a result of contract disputes between broadcasters and pay-TV distributors, two lawmakers are proposing legislation that could radically alter the media landscape. Reps. Anna Eshoo and Zoe Lofgren, both California Democrats, on Thursday introduced the Video CHOICE (Consumers Have Options in Choosing Entertainment) Act, which was praised by pay-TV distributors and criticized by broadcasters. "My bill would put an end to broadcast television blackouts and ensure consumers aren't held hostage by a dispute they have no control over," said Eshoo, who is ranking member of the House Communications and Technology Subcommittee.
January 10, 2013 |
NEW YORK -- The investor presentation featured protein shakes and granola bars, entreaties for more hugs in the world, and accusations of lies and snobbery, all to counter a $1-billion bet that Herbalife, the Southern California company, will soon go down the tubes. Who says Wall Street is more boring these days? The presentation was the latest move in a battle between Herbalife, which sells nutrition powders, bars and vitamins through a network of individual distributors, and Bill Ackman, founder and chief of Pershing Square Capital Management.
June 14, 2013 |
Rep. Linda T. Sanchez asked regulators to investigate allegations that Herbalife Ltd. operates a well-disguised pyramid scheme that victimizes "our country's most vulnerable populations. " The Lakewood Democrat said in a letter to the Federal Trade Commission that she was "troubled that this company may be harming consumers," noting allegations that Herbalife's independent distributors are compensated more for recruiting new distributors than for sales. Herbalife is a Los Angeles nutritional products company that sells weight-loss shake mixes, vitamins, protein bars and other such items through independent salespeople, or distributors, who profit from their sales and from the sales made by others they recruit into the business.
April 18, 2013 |
Marketers say they plan to increase spending on online brand advertising in a new report that comes just weeks before the major digital distributors are preparing to woo Madison Avenue in a series of advertising presentations. The new 2013 Online Advertising Performance Report, produced jointly by the CMO Council and the Nielsen Co.'s Vizu, a unit that specializes in measuring online ad effectiveness, found that advertisers are changing how they view the medium. Though they once used online primarily for direct response, marketers who responded to this year's survey said they plan to allocate more of their digital dollars to brand advertising that's used to promote a company, product or service.
October 4, 2009 |
Amid rising unemployment, more Americans are selling cosmetics, vitamins, kitchen knives and other goods to their friends and neighbors. Or trying to, anyway. Industry figures suggest that as the ranks of salespeople grow, the increased competition is making it harder for many to move merchandise. That has left people like Lisa Wilson stuck with closets full of unsold inventory. "You get pity purchases from your family, who feel guilty if they say no or they want to support you in your new endeavor.
May 6, 2013 |
Herbalife Ltd. shares were up more than 5% Monday and had passed the price they were when hedge fund manager Bill Ackman accused the Los Angeles nutritional products company of operating a long-running pyramid scheme. The company's stock price plummeted Dec. 19 after Ackman publicly disclosed that he had taken a $1-billion short against its shares. Within four trading days of Ackman's announcement, the stock fell 43%, reaching $24.24 on Christmas Eve. The downswing created a buying opportunity for billionaire investor Carl Icahn, who now owns nearly 16% of the company's shares.