So far there has only been two ways to fund social activism against companies - donations and feeds on class-action lawsuits.
One Billion Dollars Short, Bill Ackman, and the Siege Of Herbalife (2015)
61–70 of 144 posts
Re: One Billion Dollars Short, Bill Ackman, and the Siege Of Herbalife (2015)
#62I live and work in Utah, which, for not completely clear to me reasons, is home to a lot of MLMs. Nu Skin, Usana, Xango, doTerra, Young Living, Jamberry (and those are the ones I can just name off the top of my head) are all headquartered here. For an area that in many ways is punching above its weight class in terms of tech companies, I occasionally have nagging (possibly unfounded?) concerns in the back of my head…
The reason I had heard is because Mormon's make great door-to-door salesmen. Many of the men have spent a year or two of door-to-door proselyting (attempting to convert). So they're used to selling to strangers and also being rejected. I'm not sure how true this is, but it seems plausible.
Re: One Billion Dollars Short, Bill Ackman, and the Siege Of Herbalife (2015)
#63I use to work in legislative affairs for the natural health industry. It's all one big scam. I try to explain it like this: Company A sells natural remedies, etc. Company B is a news organization which reports on natural health remedies, and also advertises for those companies, et. Nonprofit C is a consumer watchdog organization that investigates and promotes natural health. They are supported by the natural health i…
Seems like a sure thing to short the piss out of an enterprise like this and wage a comprehensive campaign of activism and consumer education against it. With rationality on your side, how could you lose?
You could lose because the rational choice model does not accurately model human behavior in the real world; people don't act based on perfect information, in part because even when presented with correct information, they are likely to reject it if it doesn't fit their pre-existing world view.
Re: One Billion Dollars Short, Bill Ackman, and the Siege Of Herbalife (2015)
#64I use to work in legislative affairs for the natural health industry. It's all one big scam. I try to explain it like this: Company A sells natural remedies, etc. Company B is a news organization which reports on natural health remedies, and also advertises for those companies, et. Nonprofit C is a consumer watchdog organization that investigates and promotes natural health. They are supported by the natural health i…
Seems like a sure thing to short the piss out of an enterprise like this and wage a comprehensive campaign of activism and consumer education against it. With rationality on your side, how could you lose?
Do you think rationality can win when the President of the United States says that global warming is a Chinese hoax.
Re: One Billion Dollars Short, Bill Ackman, and the Siege Of Herbalife (2015)
#65Earlier quoted context omitted.
>With rationality on your side, how could you lose? Hahahhaha. Great joke. Sadly, there are and probably always will be a lot of ignorant/gullible people. As PT Barnum said, "there's a sucker born every minute."
Given global population growth and birth trends, I wonder if we've reached a sucker every second yet...
Re: One Billion Dollars Short, Bill Ackman, and the Siege Of Herbalife (2015)
#66John Oliver discussing Herbalife https://www.youtube.com/watch?v=s6MwGeOm8iI Bill Ackmann on Herbalife https://www.youtube.com/watch?v=bQc6L4ieMwo Almost 60% of their distributors were latinos ( http://articles.latimes.com/2013/feb/15/business/la-fi-herba... ). The lengthy presentation countering Pershing Square's accusations which contained this fact ( http://files.shareholder.com/downloads/ABEA-48ZAJ9/229776353...…
You may not like it, but it is not necessarily a scam. Some of the posts by Bronte capital mentioned in the article http://brontecapital.blogspot.com/2015/06/herbalife-very-lon... http://brontecapital.blogspot.com/2016/07/herbalife-and-end-...
Re: One Billion Dollars Short, Bill Ackman, and the Siege Of Herbalife (2015)
#67I live and work in Utah, which, for not completely clear to me reasons, is home to a lot of MLMs. Nu Skin, Usana, Xango, doTerra, Young Living, Jamberry (and those are the ones I can just name off the top of my head) are all headquartered here. For an area that in many ways is punching above its weight class in terms of tech companies, I occasionally have nagging (possibly unfounded?) concerns in the back of my head…
The reason I had heard is because Mormon's make great door-to-door salesmen. Many of the men have spent a year or two of door-to-door proselyting (attempting to convert). So they're used to selling to strangers and also being rejected. I'm not sure how true this is, but it seems plausible.
Re: One Billion Dollars Short, Bill Ackman, and the Siege Of Herbalife (2015)
#68I use to work in legislative affairs for the natural health industry. It's all one big scam. I try to explain it like this: Company A sells natural remedies, etc. Company B is a news organization which reports on natural health remedies, and also advertises for those companies, et. Nonprofit C is a consumer watchdog organization that investigates and promotes natural health. They are supported by the natural health i…
This is why I like consumerlab.org. They summarize the medical research and test to see how much of the active ingredient it actually has.
Re: One Billion Dollars Short, Bill Ackman, and the Siege Of Herbalife (2015)
#69John Oliver discussing Herbalife https://www.youtube.com/watch?v=s6MwGeOm8iI Bill Ackmann on Herbalife https://www.youtube.com/watch?v=bQc6L4ieMwo Almost 60% of their distributors were latinos ( http://articles.latimes.com/2013/feb/15/business/la-fi-herba... ). The lengthy presentation countering Pershing Square's accusations which contained this fact ( http://files.shareholder.com/downloads/ABEA-48ZAJ9/229776353...…
> Almost 60% of their distributors were latinos Uh. What? Can you clarify your point here?
> Among the biggest accusations facing the company is that it targets low-income members of minority communities, including Latinos, by making unachievable promises of vast wealth from selling its line of protein powders, vitamins, supplements and beauty products.
> This concept has taken off among Latinos, who are taught at an early age that natural remedies such as herbs and juices are a better option than U.S.-style medicine, said Alexandro Jose Gradilla, chair of the Chicano Studies Department at Cal State Fullerton. That makes Herbalife products popular among immigrants.
Re: One Billion Dollars Short, Bill Ackman, and the Siege Of Herbalife (2015)
#70I use to work in legislative affairs for the natural health industry. It's all one big scam. I try to explain it like this: Company A sells natural remedies, etc. Company B is a news organization which reports on natural health remedies, and also advertises for those companies, et. Nonprofit C is a consumer watchdog organization that investigates and promotes natural health. They are supported by the natural health i…
Seems like a sure thing to short the piss out of an enterprise like this and wage a comprehensive campaign of activism and consumer education against it. With rationality on your side, how could you lose?