Hedge fund manager William Ackman, who placed a $1 billion bet against Herbalife HLF.N, said that he had promised a former Herbalife executive who became a whistleblower against the company up to $3.6 million, ABC News reported on Tuesday. ABC said on its website that Ackman's payments would come if Giovanni Bohorquez, the former executive, lost the job he took after leaving Herbalife. Ackman's firm, Pershing Square Capital Management, so far has paid Bohorquez $80,000 already. ABC quoted Ackman as saying "it was the right thing to do." ABC said Ackman agreed to the deal after Bohorquez balked at blowing the whistle on Herbalife for fear it could make it difficult for him to find work afterwards. Bohorquez worked at Herbalife, a multi-level marketing company that sells skin-care and weight loss products, but left in 2011 and began work at a chain of laundromats. He lost that job because of the stress of being a whistleblower, ABC said. Bohorquez initially denied being paid
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