Herbalife Divides Latino Leaders

Credit: National Institute for Latino Policy
Credit: National Institute for Latino Policy

 
Herbalife recently donated money to five of the seven Hispanic groups that signed a letter last week supporting the company, The Post has learned.
The donations were not disclosed and were only admitted by Herbalife after a reporter contacted three of the groups on Wednesday.
The “Friends of Herbalife” letter was sent to Washington lawmakers 10 days after 16 consumer and Hispanic groups asked regulators and congressional reps to start a probe of the LA company.
Reps of three Hispanic organizations – the National Puerto Rican Coalition, the National Hispana Leadership Institute and the Hispanic Heritage Foundation – each said Herbalife recently gave them money in the form of corporate sponsorships.
The dissenters maintain the company is a pyramid scheme that targets Latinos and other vulnerable communities “with false promises of wealth and success.”
Herbalife denies those allegations and said it contributes to nonprofit organizations “openly and transparently.”
Late Wednesday, Herbalife confirmed that it had given money to five of the seven groups, but didn’t name them.
Rafael Fantauzzi, president and CEO of the NPRC, said his group got $25,000 from Herbalife last fall. He earlier met with reps of Bill Ackman’s Pershing Square.
Ackman got the Herbalife debate started with a $1 billion short bet on Herbalife 14 months ago.
Fantauzzi’s position has put him at odds with a pal, Brent Wilkes, the executive director of the League of United Latin American Citizens, who has galvanized the community support against the company.
 
Read full story: http://www.hispanicbusiness.com/2014/3/3/tips_for_the_online_job_interview.htm
 

Related

Leave a Reply

Your email address will not be published. Required fields are marked *