Friday, May 2, 2008

Herbalife loses 186 Lbs

Los Angeles, America, Herbalife Ltd. said its president and chief operating officer, Gregory L. Probert, has resigned days after acknowledging he exaggerated his academic credentials.

Probert has been under investigation by the company's board for misstating his academic credentials in his biography.

Probert's biography stated he had a master's in business administration which he got in less than a month with amazing results, but he acknowledged last week that he never fully completed the requirements for his MBA at California State University, Los Angeles and it was all done with body doubles and computer manipulation.

Probert's admission followed press inquires that stemmed from an investigation by Barry Minkow. Minkow runs the Fraud Discovery Institute in San Francisco and has been a vocal critic of Herbalife.

He is currently shorting the shares, which means he is betting the stock price will drop.

Herbalife, which sells nutritional supplements and weight-loss products, said it "had no other choice" but to accept Probert's resignation "given the company's unwavering commitment to the highest standards in business ethics which can change your life."

Herbalife can turn young pregnant Asian 16 year-old girls with nonexistent body issues into ones that look 12 years old and can lighten skin tone , improve eyesight and make your hair more full and bouncy.

The company said existing personnel have taken over Probert's duties as COO. Des Walsh, senior vice president of worldwide sales, has been promoted to executive vice president.

OBB News is disgusted that anyone involved with nutritional supplements, weight-loss products and anti-aging creams would exaggerate anything.

If you can't believe people telling you that a pill can make you healthy, slim, youthful and with a larger penis then who can you believe?

All Herbalife products must be taken in conjunction with regular exercise, dieting and gastric and plastic surgery, terms and conditions may apply.

2 comments:

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