Rodan & Fields, a leading premium skincare brand and unique technology-driven social enterprise platform, today announced that Lori Bush will be retiring from her position as president and chief executive officer (CEO), effective upon the appointment of her successor.
Ms. Bush will remain a member of Rodan + Fields’ Board of Directors and serve as an advisor to the new CEO to ensure a smooth transition.
“It has been an honor and privilege to be entrusted with the founders’ brand and mission over the past eight years and I couldn’t be more proud of what we’ve built together,” said Ms. Bush. “Our brand and business model is so much about choice, deciding today how tomorrow looks, and I am more than grateful that I am in a position to choose the timing of
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WOR(l)D Global Network Improves Compensation Plan
by Ted Nuyten • • 0 Comments
During the last few months, several important events in the Direct Selling industry have given rise to important considerations about the nature of the Industry’s functioning up until now.
It is complacent to think that the rules of Network Marketing are fixed, invariable, and untouchable, simply because attempting their modification causes pushback.
WOR(l)D Global Network is not the first to offer the industry something entirely different, but the company thinks “outside the box”.
According to the company:
“4WayPlan will be the first ever pay plan that doesn’t require a minimum sales amount to be eligible for a commission.
Additionally, 4WayPlan will not “autoship”. WOR(l)D strongly believes in the market and consumers’ genuine demand for its products and services. We operate in the fastest growing industries, and deal with such in-demand, ubiquitous products and services as Mobile Technology, Mobile communication, and
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American Economic Institute Awards Morinda With Economic Leadership Award
by Ted Nuyten • • 0 Comments
Morinda has been awarded the 2015 Economic Leadership Award by the American Economic Institute.
Each year the Institute conducts business surveys and industry research to identify companies that have achieved measurable success in their local business environment and industry category.
They are recognized as having enhanced the commitment and contribution of businesses through service to their customers and community.
“Morinda has consistently demonstrated a high regard for upholding business ethics and company values,” a representative from the Institute stated. “This recognition marks a significant achievement as an emerging leader within various competitors and is setting benchmarks that the industry should follow.”
As Morinda is gearing up to celebrate its 20th year anniversary, representatives of the company think that this award couldn’t be more appropriate.
“Morinda is heading into its Second Era of Growth,” said Shon Whitney,
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My Advertising Pays (MAPS) Closes USA Market
by Ted Nuyten • • 0 Comments
According to an email from founder Mike Deese to it’s 200,000 members, My Advertising Pays (MAPS) has closed down the USA market. The official reason is a decline in the USA :
“We have battled with this decision. After careful consideration and extensive consultation with our Legal Team, MAP Executives, Tax Advisors, Financial Advisors and European MAP Leaders, we have unfortunately decided to completely pull out of the American marketplace.
The decision comes on the heels of a declining marketplace in the US for our company. It simply isn’t profitable for us to remain engaged there. Over 90% of our business already comes from Europe, while we are catering to the US members by operating in US currency.
It doesn’t make good business sense to continue operating in a place and expending valuable resources
Hot Business News Today
William Faucette Named CEO Of 5LINX
by Ted Nuyten • • 0 Comments
5LINX Enterprises, ranked the fastest-growing privately-held company in Rochester in 2013, has named William Faucette, Jr as its new CEO.
Mr. Faucette replaces Mr. Craig Jerabeck, who has stepped down after 14 years of service.
“This is very good news for our company and the Greater Rochester community,” said Jeb Tyler, who co-founded 5LINX in 2001, along with Mr. Jerabeck and Mr. Jason Guck.
“It is a brand new day for our company, and we expect to continue growing, continuing to expand internationally, and continuing to create new jobs in Rochester.”
Mr. Faucette is a 1991 graduate of Stanford University, and previously served as Chief of Staff for the City of Rochester under Mayor William Johnson. In that capacity as the third ranking official in city government, he was the youngest senior manager in
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Melaleuca’s CEO In The Midst Of The Presidential Race
by Tina Williams • • 0 Comments
Idaho isn’t known for attracting political powerhouses during presidential races. However, what it lacks in clout, it makes up for being home to one of the GOP’s wealthiest donors.
Frank VanderSloot, founder and CEO of health care products company Melaleuca based in Idaho Falls, was a critical fundraiser for former Republican presidential candidate Mitt Romney’s campaign during the 2012 election. Now he’s being courted by GOP presidential candidates eager to benefit from VanderSloot’s successful fundraising reputation.
“It was surely a lot easier four years ago,” he told The Associated Press. “There was a clear front runner to get behind. Romney was head and shoulders above the rest of the field … I surely have who I think will be the best president in my mind. But the question is, can they get elected? If
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Amway Looks To Work With Authorities After Recovering From Arrest of A CEO
by Tina Williams • • 0 Comments
Direct seller Amway India is looking to put behind it controversies stemming from the arrest of its top leadership over allegations related to various irregularities and regain growth momentum while charting out a new phase of engagement with the government.
Anshu Budhraja, the Rs 1,900-crore direct selling firm’s first India head in 16 years, said his immediate priority is to engage with the government constructively and take Amway forward from what he said is a “point of inflexion for the next growth phase.”
Amway has consistently denied any wrongdoing on its part. “An Indian leader understands the sensitivities of Indian culture,” Budhraja said in an interview. “He has the benefit of growing up and being part of system. It’s very simple… the way an Indian will interact with key stakeholders will be different from what a
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Sheri McCoy – Avon CEO Interview
by Ted Nuyten • • 0 Comments
Sheri McCoy was named in April 2012 as the CEO of Avon Products. In 2014, McCoy ranked #27 on Fortune magazine’s “50 Most Powerful Women in Business” list, which she has been on since 2008
Sheri is at the helm of almost $9 billion in annual sales and Avon has a sales force of 6 million direct selling Representatives in nearly 100 countries, 30,000+ employees worldwide.
The company has empowered and inspired women for nearly 130 years. Sheri lives in New York, USA, is married and has 3 children.
As a scientist, Sheri holds a Bachelor of Science degree in textile chemistry from the University of Massachusetts, Dartmouth, USA a master’s degree in chemical engineering from Princeton University, and an MBA from Rutgers University and holds four U.S. patents.
Ted Nuyten had the honor to interview
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Cindy Monroe: CEO Of $650 Million Thirty One Gifts
by Tina Williams • • 0 Comments
Creating a new business outlet for busy moms while also appealing to working women who can’t shop during the day eventually landed Monroe on Forbes’ list of “8 Self-Made Women To Watch In 2015,” alongside Sandra Bullock and Jessica Alba, where her worth was estimated at $200 million.
The founder, president and CEO of Thirty-One Gifts has built her personalized purse-and-bag empire by understanding and appreciating what women want and need. As noted on the company’s website, “Thirty-One was founded on the simple premise of empowering women by giving them the opportunity to own their own business.”
Monroe’s success has been enhanced by also being able to tap into others’ expertise to help her develop as a woman business owner.
As Thirty-One Gifts looks to grow well past the billion-dollar revenue mark, Monroe put together
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Herbalife Retaliates With A Website Attacking Bill Ackman
by Tina Williams • • 0 Comments
Herbalife Ltd. went on the attack against nemesis Bill Ackman on Monday, debuting a website that paints the billionaire hedge fund manager as an irresponsible opportunist.
Therealbillackman.com includes media reports about legal probes into his anti-Herbalife campaign as well as videos detailing Ackman’s investment failures. The counterpunch comes more than two years after Ackman started a site called factsaboutherbalife.com to aid his campaign accusing Herbalife of running an illegal pyramid scheme.
“When Bill Ackman’s wrong, he’s really wrong,” one video caption on Herbalife’s website reads. Another asks, “Really, Bill?”
Herbalife’s new site is its most public response yet after plenty of maneuvering behind the scenes. The company overhauled its lobbying and public-relations staffs and hired outside help to bolster its image amid federal and state probes into its business practices. The company has repeatedly denied Ackman’s allegations.
Ackman didn’t