Fox Business:
Herbalife Ltd. paid out a record $36.4 million in bonuses to independent distributors at its Mark Hughes Bonus Award ceremony in Beverly Hills on Sunday.
The independent distributors represented 30 countries and all have built their own businesses and achieved success through direct selling. With 90 checks over $100,000, the top six bonus winners received checks for $1 million or more.
“Herbalife stands at the intersection of health and wealth and we’re poised to positively address two key issues facing the world, unemployment and obesity,” said Herbalife Chairman and CEO Michael O. Johnson. “Our independent distributors that were honored come from every walk of life and find their passion and calling providing good nutrition with our products and business opportunity.”
The event brought distributor leaders from around the world, and capped a four-day celebration at the Beverly Hilton with education and training, recognition and camaraderie. The event generated approximately $3 million for the city of Los Angeles in lodging and entertainment. Herbalife, with approximately 1,200 employees in Los Angeles, has been based in LA since its inception in 1980. The company moved its corporate headquarters to LA Live in downtown LA last December to help support the area’s revitalization.
Logo from Herbalife