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Though it might not surprise people who have followed the progress of the FlushRush advertiser boycott, it seems that Sean Hannity and Rush Limbaugh are willing to scrape the bottom of the barrel for advertising dollars.

Hedge fund manager Bill Ackman recently released a documentary (skip to 6:30 in the video) about Herbalife (HLF), a company that they are risking $1 billion to short under the belief that it is an illegal pyramid scheme.  According to Ackman, the company is already being investigated by regulatory agencies.

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Comment Preferences

  •  This issue has been written about here (1+ / 0-)
    Recommended by:
    Catte Nappe

    several times and there is clearly two sides to this story.

    I hope Ackman loses his entire $1 billion investment. In my view Ackman is one of those shorts who doesn't play by the rules, and deserves to take a hit. I know absolutely nothing about Herbalife, but so far it has come through every investigation without any serious repercussions.

    "let's talk about that" uid 92953

    by VClib on Mon May 05, 2014 at 11:06:09 AM PDT

    •  here is an article in Forbes defending the company (2+ / 0-)
      Recommended by:
      VClib, Tonedevil
    •  Meh. (0+ / 0-)

      Everyone knows that Amway is a pyramid and its been around for decades.

      Im having fun watching the two turds (Ackman and Herbalife) circling the toilet bowl.

    •  It's likely a pyramid scheme (1+ / 0-)
      Recommended by:

      The question is whether it is an illegal pyramid scheme.

      "Well, I'm sure I'd feel much worse if I weren't under such heavy sedation..."--David St. Hubbins

      by Old Left Good Left on Mon May 05, 2014 at 12:02:31 PM PDT

      [ Parent ]

    •  Where? (1+ / 0-)
      Recommended by:

      I did a full text search of DailyKos before posting the diary and saw no references to Herbalife or HLF, in conjunction with talk radio hosts, anywhere on DailyKos.

      Even if Herbalife is ultimately found to be in compliance with the letter of the law, the ads were sleazy.  The willingness of these hosts to shill for HLF, in this way, shows a disregard for their audience.

      There is a human interest element to this story; people have come forward about being duped out of significant amounts of money by HLF based on dubious claims made by the company or its distributors.  Regardless of your opinion of Ackman, or even Herbalife corporate, accepting these sponsorships reflects poorly on the talk radio hosts.

      •  No it doesn't (0+ / 0-)

        Here is all I know about Herbalife. It is a New York Stock Exchange company with a market value of nearly $6 billion who files quarterly reports with the SEC and is currently in compliance with all laws and regulations. There is nothing at all wrong with any advertising medium excepting ads from Herbalife. Ackerman is a snake, takes big short positions, and then tries every possible way to demean the companies where he is a short in an attempt to drive the stock down. I have no issues whatsoever with shorts who believe they are ahead of the market in a stock they believe is overpriced. But I intensely dislike shorts who file complaints with regulatory agencies and use social media to throw mud at companies. I hope Ackerman loses $1 billion. I hope he loses more than that.

        "let's talk about that" uid 92953

        by VClib on Mon May 05, 2014 at 06:42:59 PM PDT

        [ Parent ]

      •  If you go into the DKOS search function and list (0+ / 0-)

        Bill Ackman and search back a few years, you get about a dozen hits, half of which are diaries just on this topic.

        "let's talk about that" uid 92953

        by VClib on Mon May 05, 2014 at 07:32:35 PM PDT

        [ Parent ]

  •  No surprise here (4+ / 0-)
    Recommended by:
    roberb7, JeffW, Catte Nappe, Piren

    Hannity, Limbaugh, and Beck ARE an alleged pyramid scheme, and so is the rest of the right wing.   And this has been going on at least since I was in high school.

    Multi-Level Marketing (MLM) attracts the same people who sometimes turn out to be far-right burnouts - people who need more $$$ than they make in their jobs, but have little opportunities to get it.  Taking a second job as a night clerk at a convenience store loses its appeal the first time they get held up at gunpoint.

    Thus, "Be your own boss!" "Work from home!" and so on gathers many adherents.  Everybody knows the company names:  Amway, Herbalife, Mary Kay, and so on.  These people are made to BELIEVE!  They gather breathless as the top marketeer's gold Caddilac is displayed at their conventions.  They don't even necessarily sell product;  they sell the plan, to bring in subordinates to kae them more $$$.  They promote the "home office deduction" which when taken is basically saying to the IRS, "Come and get me, coppers!"

    It is no secret that Michigans DeVos family, which owns Amway, are right-wing christianists with strong religious right and right-wing Republican ties.  

    It's a grift from Day One, just like Faux News is.  

    The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. -- John Kenneth Galbraith

    by Kangaroo on Mon May 05, 2014 at 11:13:01 AM PDT

  •  Ackman's opinion is not worth much (0+ / 0-)

    Given he will profit so handsomely from the outcome he is a proponent for. Not exactly a disinterested observer.

    “Texas is a so-called red state, but you’ve got 10 million Democrats here in Texas. And …, there are a whole lot of people here in Texas who need us, and who need us to fight for them.” President Obama

    by Catte Nappe on Mon May 05, 2014 at 12:20:20 PM PDT

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