real-time news and commentary for investors
Tuesday, Oct 15
Herbalife director confident in audit results: Bloomberg
- "I have nothing that suggests anything’s going to come out of the audit," Herbalife (HLF) Director Jeff Dunn says, adding that the company views the scrutiny "as an opportunity because now you have a full, clean set of eyes coming in and tearing it apart one more time.”
- Dunn also says he doesn't have any objections to a buyback and tells Bloomberg he "wouldn’t be on [the] board if [he] had any questions about [HLF's] legal, ethical, [or] moral stance."
- While this will likely further embolden investors, it's difficult to imagine that a company director would have said anything less.