Terry Prone: There will always be a public desire for the wellbeing ‘magic bullet’

Three years after Jean Nidetch founded Weight Watchers, it launched its first cookbook. In the 80s, Heinz developed Weight Watchers-branded meals.
Now, here’s a turndown for the books. A director stands down from a million-dollar entity, donates her substantial shareholding to a non-profit for free — and the value of the gift drops by a third, right there. It may be the first time in the history of capitalism that someone decided to give a present worth millions only to see it, instantly, drop in value by a third.
That’s what happened with Oprah Winfrey, who has slimmed down on one of the new diabetes/weight-loss drugs and who decided to get off the board of WW (formerly Weight Watchers) as a result. The chosen recipient of the shares being America’s National Museum of African American History and Culture.