NEW YORK Dec 19 The CEO of Herbalife, a company
that sells weight management products, on Wednesday criticized a
hedge fund manager who is shorting the company's stock based on
the belief that it is a pyramid scheme, calling that idea
Michael Johnson said in a statement to the press that
William Ackman, who oversees $11 billion in assets at Pershing
Square Capital Management and who confirmed Wednesday he was
shorting Herbalife stock, should be investigated by the
U.S. Securities and Exchange Commission.
"This appears to be yet another attempt to illegally
manipulate the market by a group of overzealous short-sellers,"