Yesterday we announced that the Taj would close after the Labor Day weekend. This was not an easy decision.
I have always believed in Herbalife’s strong fundamentals and am pleased the Board has decided to increase my ownership limit from 25% to 34.99% of the Company’s outstanding shares.
Bernie Sanders has received support from the UniteHere union and has made several remarks tying me to the difficulties facing Atlantic City -- without even bothering to give me a call to hear my views and the real facts. So, here are the facts:
There is no doubt that Charif Souki has proven that he is a talented entrepreneur but at this time there is also little doubt that the board wished to move the company in a direction that differed greatly from the path Mr. Souki wanted.
Unfortunately, my warnings concerning the fact that there will be a large number of our companies leaving the country within the next year is already coming true.