Company News, Financial News

Herbalife CEO Sees Pay Slashed

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By: TOM BRANNA

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Herbalife Ltd cut the pay of Chief Executive Michael Johnson 36% for 2014 after the nutrition and weight loss company failed to meet performance goals set for him and other top executives, according to a recent securities filing. Herbalife said Johnson, who is also chairman, received total compensation of $6.73 million last year, down from $10.5 million in 2013, primarily because he did not receive the incentive plan compensation of $3.7 million he got the prior year.   Herbalife has bee...

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