NEW YORK -- Herbalife
Herbalife has been called an illegal pyramid scheme by Bill Ackman, the hedge fund manager who has battled activist investor Carl Icahn over the maker of nutritional and weight loss supplements.
Frank Bisignano will become CEO of payment processor First Data on Monday. Matt Zames, who was co-chief operating officer with Bisignano, will become the sole operating chief of JPMorgan Chase, effective immediately.
Bisignano is the ninth high-level JPMorgan executive to leave the bank in the last 18 months.
Analysts predict insurance company Loews
-- Written by Joseph Woelfel
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