Herbalife Awards 30 Million in Distributor Bonuses
First Humanitarian Award Presented by Herbalife Family Foundation
LOS ANGELES--(BUSINESS WIRE)--Over 3,000 Herbalife independent distributors gathered for the 2006 Mark Hughes Bonus Awards where Herbalife distributed $30 million in year-end bonuses, the largest pool ever, to its top achievers tonight at the Gibson Amphitheatre at Universal CityWalk. Five of the bonuses were over $1 million, with a top bonus of $1.8 million.
The awards capped an annual celebration where attendees traveled to Los Angeles from around the globe for a week of celebrations, meetings and recognition.
The ceremony was hosted by Herbalife CEO Michael O. Johnson and President and Chief Operating Officer Greg Probert. The total bonus pool eligible for distribution is one percent of retail sales which in 2006 was $3 billion.
The same evening, the Herbalife Family Foundation (HFF) presented its first Humanitarian Award in recognition of a Herbalife independent distributor who exemplifies the foundation's mission and through their outstanding involvement and dedication, has made a significant contribution to changing lives worldwide.
Garry and Jennifer Debrabander, members of the company's prestigious Chairman's Club, were honored for their selfless generosity in giving back to their community including sponsoring children from World Vision and building orphanages and shelters in Zambia.
On Friday night, HFF hosted a black-tie gala that raised over $250,000 to benefit children at risk, and to help fund the foundation's Casa Herbalife program, which partners with existing organizations to help bring good nutrition to children. To date, 25 programs have been established around the world. Musicians from A Place Called Home in South Central Los Angeles, where the first Casa Herbalife program was established, entertained.
Related News
-
Herbalife Partners with LA Non-Profits to Provide Thanksgiving Dinners
LOS ANGELES, Nov. 22, 2017 - In an effort to provide a healthier and happier Thanksgiving, premier global nutrition company Herbalife once again partnered with two Los Angeles based non-profit organizations, the Union Rescue Mission (URM) and A Place Called Home (APCH), to provide Thanksgiving meals... Read More...Herbalife Reports Third Quarter Results
November 02, 2017LOS ANGELES--Herbalife Ltd. reports results for the third quarter ended September 30, 2017.
"During this year of transition, we believe our performance has now stabilized and we are seeing improvements in trends," said Rich Goudis, CEO of Herbalife. "By continuing to imp... Read More...
Herbalife Nutrition Recognized With Forbes Magazine Award
LOS ANGELES--Global nutrition company, Herbalife, is honored to receive a place on Forbes' list of America's Best Midsize Employers."We're proud to be recognized as part of the Forbes list of America's Best Midsize Employers," said Jean Marie Cacciatore, senior vice president of human resour... Read More...
FTC Sending Checks to Herbalife Distributors
January 10, 2017 -- The FTC announced it is mailing checks to almost 350,000 Herbalife distributors as part of the ettlement with Herbalife. Herbalife agreed to pay $200 million and to restructure its business in order to avoid being classified as a pyramid scheme. Herbalife publicly disagreed wit... Read More...
