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Herbalife Ltd. Message Board

  • chessheadfan chessheadfan Apr 17, 2014 5:05 PM Flag

    the real reason for icahn getting additional board seats?

    the only reason why the old dumb man got additional board seats was because no one else wants to serve on the board. M Johnson is without a doubt a smart man. Icahn like a little fish took the bate.

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    • Icahn essential controls HLF. With 16.9% of the shares he is largest shareholder. With 5 board members, he basically runs the company. He added more board members bec he plans to take company private at the right time. HLF will be vindicated and LBO will be set in motion. Either way, shorts will lose in long run altho they might be ahead at the moment

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