Need some extra cash to put into your rainy day fund? Today would be a great day to be asked to be on a Board of Directors so you can have a guy hold an umbrella over you so you don't get wet.
Weight Watchers publicly called out one of its most famous board members for not attending company meetings. Oprah Winfrey was put on notice by the weight loss company of not attending at least 75% of meetings by the Board of Directors in 2016.
In a filing with the Securities and Exchange Commission yesterday, the company said it expects directors to "attend and participate in all meetings and that occasionally a director may be unable to attend." It was disclosed that Winfrey will not attend a shareholder meeting this year.
Winfrey received a $260,000 paycheck from the company in 2016 and publicly backs the brand. Of course, with Oprah's bank account, 260K is spending cash in her big purse.
Oprah the billionaire is already an investor in Weight Watchers. Since they have now called her out publicly, how long before she takes over the whole shabang? She has the cash on a rainy day like today, or any day.