Friday, September 6, 2013

Ex-Los Angeles Mayor Becomes Advisor To Company Accused Of Pyramid Scheme

A nutritional supplements company that has been accused of being a pyramid scheme has enlisted the help of former Los Angeles Mayor Antonio Villaraigosa, reports TalkingPointsMemo.

In a press release on Thursday, the company, Herbalife, announced that Villaraigosa, a Democrat, had agreed to serve as a senior advisor to both the company’s chairman and CEO, Michael Johnson, and the company’s board of directors.

“Herbalife has been a solid member of the Los Angeles business community and a strong presence within the Latino community since the company was founded here in 1980,” Villaraigosa said in a statement put out by the company. “During my time as mayor, Herbalife demonstrated its commitment to the city by choosing to locate its corporate offices in the LA Live complex and through its association with the LA Galaxy and the Herbalife LA Triathlon. I’ve long admired Herbalife’s commitment to giving back to the community though their support of local organizations like the Union Rescue Mission, the LA Chapter of the Red Cross and the Los Angeles City Fellows Program. I’m excited to have the opportunity to work with the Herbalife leadership team to help the company continue to grow and contribute.”

The company said Villaraigosa will counsel Herbalife on “strategic business development and global community outreach.”


  1. Ichan has to be loving that news.

    lol...Ackman has to be hurting...he just exited JC Penny for a big loss too.

    He should have never picked a fight with Ichan to start.

  2. A few months back:

    "Report: Mayor Villaraigosa ‘Didn’t Save Any Money,’ Casting ‘Really Wide Net’ For Jobs"

    My how his star has fallen.

  3. When selling diet products, your company really needs a guy who can fail the bar 4 times and bang Telemundo reporters. It's just good business.

  4. It's an ex-politician PEU move, only Villaraigosa had to land at a the affiliate level. Less chance to rub elbows with Icahn, Whitney, Golden Gate Capital and fellow PEU's.