BOSTON: 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 securities filing last Friday.
Herbalife said Johnson, who is also chairman, received total compensation of US$6.73mil last year, down from US$10.5mil in 2013, mainly because he did not receive the incentive plan compensation of US$3.7mil he got the prior year.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
