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Topic Review (Newest First)

  • 08-06-2015, 07:57 PM
    AnxietyBro

    Re: Top Herbalife Executive Leaves Company

    Herbalife is just crumbling...speaking of popular brand name failures, heard of what's going on with viagra recently?
  • 08-06-2015, 05:19 PM
    Joecool44

    Re: Top Herbalife Executive Leaves Company

    Quote Originally Posted by noagenda View Post
    Absolutely.He's leaving a 3.8 Billion dollar company to join a 1.1 Billion dollar company. Either way I can see him being the convenient fall guy.
    If Herbalife gets penalized or sanctioned in some way, someone's got to take the blame right?
  • 08-04-2015, 03:57 PM
    noagenda

    Re: Top Herbalife Executive Leaves Company

    Quote Originally Posted by Joecool44 View Post
    Or he could have been asleep at the wheel and exiting is easier than facing the music.
    Absolutely.He's leaving a 3.8 Billion dollar company to join a 1.1 Billion dollar company. Either way I can see him being the convenient fall guy.
  • 08-04-2015, 03:40 PM
    Joecool44

    Re: Top Herbalife Executive Leaves Company

    Quote Originally Posted by noagenda View Post
    J


    Sounds to me he could be a convenient whipping boy or stooge. Perhaps he got a nice "golden parachute" severance package. I can hear it now ' It was all Berklas' fault !"
    Or he could have been asleep at the wheel and exiting is easier than facing the music.
  • 08-04-2015, 03:35 PM
    ChrisDoyle

    Re: Top Herbalife Executive Leaves Company

    Berklas is going up in the world, he is taking the job of General Counsel with the Barnes Group instead of being Assistant.
  • 08-04-2015, 02:58 PM
    noagenda

    Re: Top Herbalife Executive Leaves Company

    J
    Jim Berklas, who was the associate general counsel and chief compliance officer of the Los Angeles company,
    A Chief Compliance Officer (CCO) is a corporate official in charge of overseeing and managing compliance issues within an organization, ensuring, for example, that a company is complying with regulatory requirements and that the company and its employees are complying with internal policies and procedures.
    Sounds to me he could be a convenient whipping boy or stooge. Perhaps he got a nice "golden parachute" severance package. I can hear it now ' It was all Berklas' fault !"
  • 08-04-2015, 02:51 PM
    ChrisDoyle

    Re: Top Herbalife Executive Leaves Company

    Quote Originally Posted by Joecool44 View Post
    Where in the article did it say he left for a better job?
    It didn't. That's where you must look deeper into the story.
  • 08-04-2015, 02:39 PM
    Joecool44

    Re: Top Herbalife Executive Leaves Company

    Quote Originally Posted by ChrisDoyle View Post
    Wow, man leaves job for better job; and this is news?
    Where in the article did it say he left for a better job?
  • 08-04-2015, 02:18 PM
    ChrisDoyle

    Re: Top Herbalife Executive Leaves Company

    Wow, man leaves job for better job; and this is news?
  • 08-04-2015, 12:00 PM
    Joecool44

    Top Herbalife Executive Leaves Company

    http://nypost.com/2015/08/04/top-her...ttled-company/

    A top member of Herbalife’s legal team has left the building.

    Jim Berklas, who was the associate general counsel and chief compliance officer of the Los Angeles company, on Monday joined the Barnes Group, a Connecticut aviation company.

    Berklas spent seven years with the diet shake seller that activist Bill Ackman has bet $1 billion is a pyramid scheme.

    Herbalife has vehemently denied the accusation.

    The exit of Berklas comes less then three months after Herbalife disclosed a criminal probe into its business practices and said a number of top executives and distributors have been subpoenaed by the Department of Justice.

    At least one of those distributors, a veteran member of its 60-person “Chairman’s Club,” has become a whistleblower with law enforcement, The Post has learned.

    Berklas is the first senior exec to leave Herbalife — led by CEO Michael Johnson— since the Ackman battle began.

    The company is under investigation by the Federal Trade Commission, the Securities and Exchange Commission and the DOJ.

    Herbalife and Berklas did not return calls for comment.

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