Herbalife Rallies as Carl Icahn Opts For Bigger Role on Board

Now watching

Next video starts in : 7 Play

Herbalife Rallies as Carl Icahn Opts For Bigger Role on Board

Herbalife Rallies as Carl Icahn Opts For Bigger Role on Board
Replay video
Up next

Calpers exiting hedge funds

Calpers exiting hedge funds Up next

Calpers exiting hedge funds

Unlock your personal NFL Now stream by signing in to NFL.com

Herbalife Rallies as Carl Icahn Opts For Bigger Role on Board

TheStreet.com Videos 1:07 mins

Herbalife was given a boost on Monday after activist investor Carl Icahn nominated three people, two Icahn Enterprises employees and a director, to Herbalife's board of directors. This would give Icahn five seats on the 13-member board. Icahn Enterprises, Herbalife's biggest shareholder with a 16.8% stake, has been active in defending the nutritional supplements company against accusations it employs a pyramid scheme in its Chinese sales strategies. The FTC recently opened an investigation.

View Comments (2)