Posted in reply to the post by Braggi:
I won't worry too much about GNC.
https://dealbook.blogs.nytimes.com/2...ands-over-gnc/
Apollo Hands Over GNC
February 12, 2007, 7:48 am
GNC, the leading retailer of vitamins and nutrition products, agreed to be acquired by
Ares Management and the Ontario Teachers’ Pension Plan in a deal with a total enterprise value of $1.65 billion. In a statement on Friday, Ares and Ontario said
Apollo Management, which owns about 97 percent of GNC’s common stock and controls all of the voting rights, approved the transaction. [end quote]
Enterprise value of $1.65 billion. I'd say someone in your organization is driving nice cars and living the plush life. I'd guess thoroughbreds rather than polo ponies. In fact, they probably own the racetrack. Maybe a chain of them.
Call Ares and let them know you deserve a raise.
Kathleen, I have little doubt that a lot of people in the industry "believe" in what they're doing. I don't doubt their sincerity. I doubt their education though. They may be well versed in the propaganda of the industry, but few are skeptical enough to actually look into valid, peer reviewed studies and keep up with current studies as they are published. I'd be impressed to learn a majority of GNC employees know what a peer reviewed medical journal article is. Perhaps you could share with us how your employees are trained about what they sell.
There are true charlatans in this business in addition to the well meaning workers you see on a daily basis. They advertise on the radio and they make millions of dollars with very little investment. You've heard them and you probably cringe as I do at the sound of the ads promoting weight loss, extra energy, acne cures, baldness remedies, improved memory, better eyesight and on and on. They stay in business for a few years and then get shut down by the FTC or some other august body of government that would do better to react more quickly. Airborne comes to mind. These folks make lots and lots of money, wind up paying a few million in fines, and then open up a new company a few months later doing something similar. Those folks get rich. So do the people in the "multi level marketing" scams. At least the ones at the top do.
You should know that I'm not against using herbs for healing. I'm an herbalist. Some folks reading this could testify to my skills. I teach workshops on the use of aphrodisiacs and could teach your employees a few things about some of the items they feature on your shelves.
I'm not against using herbal medicine as long as the herbs in question have proven safe and effective. Sadly, many of them have not. I've even toyed with the idea of starting an herbal business. I just couldn't sell many items in good conscience.
I still owe you one, though. And I do appreciate your sense of humor.
-Jeff