Herbalife CFO John Desimone on Ackman: Big Bark, Small Bite: $HLF may sue
John Desimone, CEO of Herbalife, spoke with Bloomberg Television’s Stephanie Ruhle today and responded to Pershing Square CEO Bill Ackman’s investigation and accusations against Herbalife.
When asked whether Herbalife would sue Ackman, Desimone said: “We may. That’s on the table. It’s an option. I think our case gets stronger every day.”
Desimone also said:
“I think the rules of transparency that we operate under is not the same set of rules that Bill Ackman operates under and it’s a little bit frustrating. He’s spent $50 million. By the way, two months – three months ago it was $20 million. So I don’t know if the $20 million was wrong or the $50 million was wrong. But what I do know is the $50 million that he spent both in today’s presentation and in prior presentations actually proves our thesis and disproves his thesis.”
source: Bloomberg Television