Frank L. VanderSloot (born August 14, 1948) is an American businessman, owner of radio networks, ranchers, and political campaign financiers. He is the founder and chief executive officer of Melaleuca, Inc. Other business interests include Riverbend Ranch and Riverbend Communications. VanderSloot also serves on the board of directors and the executive board of the US Chamber of Commerce. In 2011, Land Report listed him as the 92nd largest landowner of the country. By 2017, Forbes enrolled VanderSloot as the richest man in Idaho and the 302nd richest man with a net worth of $ 2.7 billion.
VanderSloot served as co-chair of national finance for Mitt Romney's presidential campaign in 2008 and 2012. He contributed $ 1.1 million and helped collect between $ 2 million and $ 5 million for Romney's 2012 campaign. He is a significant financial contributor to the candidate president of the Republic and the Idaho political campaign. He also pays for ads that run counter to some Democratic Democratic political candidates. VanderSloot is the principal financier of the American Heritage Charter School in Idaho Falls.
Video Frank L. VanderSloot
Early life and education
VanderSloot was born on August 14, 1948, to Peter Francis (Frank) VanderSloot (1913-1982) and Margaret May Christensen Sindberg-Woodley VanderSloot (1915-2004). The family lived in Sheridan, Wyoming and Hardin, Montana before moving in 1949 to Cocolalla, Idaho, where they lived on a farm. Elder VanderSloot works as a painter for the North Pacific Railway. Frank VanderSloot graduated from Sandpoint High School in 1966. At the age of 16, he joined the Church of Jesus Christ of Latter-day Saints (Mormon), and then studied at Brigham Young University in Provo, Utah, where he worked and live as a cleaner in laundry. After two semesters, he left school to serve the LDS mission two and a half years in the Netherlands. Following his mission, he earned a bachelor's degree in business at Ricks College in Rexburg, Idaho. He then returned to Brigham Young University, where he obtained a bachelor's degree in marketing in 1972.
Maps Frank L. VanderSloot
Careers
ADP and Cox
After graduating college, VanderSloot worked for 9 / 2 years in Automatic Data Processing in three cities. He first worked in sales and marketing before moving to management and general operations. He left the ADP to work as a regional vice president at Cox Communications in Vancouver, Washington.
Melaleuca Oil, Inc.
In September 1985, VanderSloot's brother-in-law, Roger Ball and Roger's brother, Allen Ball, offered to VanderSloot the lead of Oil of Melaleuca, Inc., a beginner-based multi-level marketing business based in Idaho Falls. VanderSloot said "the company was a mess" when he arrived. According to Dan Popkey, "An 80 percent angle that should be in the tea tree market turns out to be 5 percent.FDA comes knocking, as salespeople exaggerate medical claims.The multilevel model that lures people to buy $ 5,000 in inventory offends VanderSloot about justice. " Melaleuca oil failed to achieve significant market share, and the partners closed the company in 1985. Half of the remaining Oil of Melaleuca inheritance distributors after Melaleuca, Inc., were formed (below).
Melaleuca, Inc.
In 1985, VanderSloot founded Melaleuca Inc., a multi-level marketing company that sells eco-friendly nutritional supplements, cleaning supplies, and personal care products, and he has been president and chief executive officer ever since. Melaleuca operates internationally, with US operations based in Idaho Falls, Idaho, and Knoxville, Tennessee. Customers buying directly from Melaleuca's website or retail location and "independent marketing executives" receive a commission from Melaleuca for every purchase made by the person they refer and by the people their customers refer, through seven "referral generations". The Company refers to this arrangement as "Consumer Direct Marketing," a term that has a trademark.
Inc. including Melaleuca magazine in the Inc. list. 500 private companies grew the fastest in the United States each year from 1990 to 1994 before inaugurating the company into the Hall of Fame in 1994. According to Article 2004 by Phyllis Berman, Melaleuca's sales were flat in 1998, and VanderSloot "found that some senior directors live off their residuals and do little in the way of hiring. " This results in "a new policy that reduces payments for those who do not bring in new members or help others do it." In 2004, corporate earnings grew at a compound annual rate of 12 percent. The company has large international operations, and 25 percent of its revenue comes from Taiwan, Korea, Japan, Australia, New Zealand, and the UK. The company reported in 2005 that one in 60 households in Taiwan buy Melaleuca products every month, and an article in 2014 reports that one out of every 300 American households is a customer. Melaleuca reported gross sales of more than a billion dollars in 2011 and $ 1.13 billion in 2012. In Idaho Falls, Melaleuca has a local work force of about 2,000 employees.
VanderSloot established a research and development department that evolved into a staff of 20 people, including three PhD chemists. In 2006, the company's portfolio consisted of more than 400 products. According to Melaleuca's comments in 2013, 62.2 percent of the company's monthly sales came from customers who have not and have never been distributors, and 23 percent of customers who were once distributors but still purchased products for personal use.
VanderSloot said that the company has a "business model for people who want to supplement their income." According to Dan Popkey of Idaho Statesman, Melaleuca has 800,000 customers for households and nutritional products in 2011. About 37 percent is also part of the sales force of an independent contractor company, called "executive marketing," and about 90 percent of the average sales force is less than $ 2,100 in annual revenue from Melaleuca. According to Laura Onstot of Seattle Weekly News, the company's 2006 report states that the average annual income of 72 percent of Melaleuca's marketing executives is $ 90. VanderSloot estimates that about 190,000 marketing executives "get checks from Melaleuca every month," 20,000 of them " their main life through the company. " When executives recruit, their titles change and they make more money. in June 2014, VanderSloot claims that Melaleuca has paid approximately $ 3.7 billion to its marketing executives since its inception.
Melaleuca is a member of the United States Direct Selling Association (DSA), a trade association. In 2008, VanderSloot began a three-year term as one of the eight DSA board members. In December 2009, VanderSloot and his wife donated $ 10,000 to the DSA (PAC) political action committee.
Between 1991 and 1997, Melaleuca was investigated by the Michigan regulators, prosecutor's office of Idaho, and the US Food and Drug Administration for various marketing violations. In 1991, Melaleuca received a stop-and-break order for violating Michigan's anti-pyramid scheme laws. In 1992, Melaleuca signed a letter of agreement with the states of Michigan and Idaho agreed to "not engage in the marketing and promotion of illegal pyramids." In September of that year, "officials in both countries purified the company's marketing plan and blamed the dissident distributors for any matter." In a voluntary agreement, the Attorney General Idaho found company policies and product catalogs not to violate Idaho's laws, but "certain Melaleuca-specific marketing executives... failed to comply with certain Melaleuca policies, and that this independent act of marketing executives violated Idaho's law." In 1997 , The US Food and Drug Administration sent Melaleuca a warning letter for "false and misleading" claims about its two supplements.
Other businesses
Livestock
In 1993, VanderSloot founded Riverbend Ranch, one of the largest ranch cattle ranches and the largest commercial livestock operations in the United States. The farm received 21 awards at the Utah State Fair between 1995 and 1997. The farm runs a genetic and breeding program and hosts the world's largest Angus bull sale in March 2012. According to Riverbend Ranch general manager David Brown, VanderSloot set his mission as "providing farmers in Intermountain West with the best genetics at an affordable price. "Riverbend Ranch operates in three other states, including Fort Ranch Quarter Horses, a horse farm in Promontory, Utah.
Natural Guardian Soil Protection
In 1994, VanderSloot created the Natural Guardian Limited Partnership (doing business as Natural Guardian, LLC, in 2011), the parent company owning or leasing about 1,500 hectares of land in Wolverine Canyon, Bingham County, Idaho.
Broadcasting
VanderSloot owns Riverbend Communications, a group of radio stations in Eastern Idaho. He bought the company from Bonneville Communications in 2006. Riverbend Communications operates KLCE Classy 97 , KCVI Kbear 101 , KTHK 105.5 The Hawk , KFTZ Z103 , KEII News-Talk AM 690 - 1260 , and KEIR AM 1260.
Snake River Cheese Factory
In 1994, VanderSloot was approached by two dairy farmers with an appeal to invest in the Snake River Cheese factory in Blackfoot, Idaho, after Kraft Foods announced its decision to close it. Kraft has been operating the factory since the early 1920s. In response, VanderSloot bought a $ 1 million interest in the factory, and the investment company took control, but the operation closed within six months. VanderSloot then paid off the $ 2 million debt the company bore to the dairy company, running the factory with its own personnel and completing a milking herd with two thousand head of cattle. He promised that all five hundred people whose jobs depend on the plant would still be employed and leased to Beatrice Cheese, a subsidiary of ConAgra. In 1999, the facility generated $ 278 million in sales. The following year, VanderSloot sold his interest in the company to Suprema Specialties after Beatrice broke his contract. VanderSloot again promised that employees will retain their jobs. In 2006, the factory, which at that time was renamed the Blackfoot Cheese Company, was sold to Sartori Foods, and by 2013, the plant was purchased from Sartori by Glanbia Foods, Inc.
Paving and construction
VanderSloot is owner of HighStone (formerly Eagle Rock Construction, RBH Gravel, VIP Construction), an Idaho Falls asphalt construction and construction company. Highstone is the prime contractor on a $ 421,000 state government contract to fix the Idaho State Highway 33 stretch of Idaho Falls, and work on a road project in Rexburg. In September 2011, HighStone joins DePatco, a family-owned heavy construction company in St. Louis. Anthony, Idaho. This merger created the largest locally owned construction company in eastern Idaho.
Net worth
VanderSloot does not openly disclose his personal value; 'However, in 2004, Forbes magazine estimated that Melaleuca was worth $ 1.4 billion and VanderSloot's share of the company (55 percent of the vote stock and 44 percent of nonvoting shares), was worth $ 700 million. According to Dan Popkey of Idaho Statesman, the value of the company has grown to between $ 3.2 billion and $ 3.9 billion in 2011, and VanderSloot's net worth is estimated at more than $ 1 billion. In 2012, Land Report listed VanderSloot as the 92nd largest landowner in the United States. In 2013, VanderSloot is listed by Business Insider as the richest individual in the state of Idaho, with an estimated net worth of $ 1.2 billion. By 2017, VanderSloot is listed on Forbes 400 as the 302nd richest man with a net worth of US $ 2.7 billion.
Public activity
Ethics
VanderSloot has made several public comments that support strong corporate ethics.
United States Chamber of Commerce
VanderSloot is on the board of directors and executive board of the United States Chamber of Commerce.
Taxation Task Force
In 1993, VanderSloot served in the White House Conference Taxation Taskforce on Small Businesses.
Campaign financing
Mitt Romney for President
VanderSloot is one of 47 co-chairs finances for Mitt Romney's 2008 presidential campaign and serves under eight financial seats. He also serves as co-chair of finance for Romney 2012 presidential campaign. In 2012, the VanderSloot company donated $ 1.1 million to the political action committee of Restore Our Future, which supports Romney for President. According to VanderSloot, he collected between $ 2 million and $ 5 million for Romney's campaign.
On April 20, 2012, a website operated by President Barack Obama's campaign included VanderSloot in a list of eight major donors to the Romney campaign described as having "dubious and troubling notes on issues." The site says VanderSloot is "a civilized, aggressive, and a fierce enemy of the gay rights movement." VanderSloot made a series of television appearances, in some of which he requested a donation to Romney in protest at the list. VanderSloot accused Obama's campaign of targeting him unjustly and said that he went through "living hell" as a result. He told Fox News host Bill O'Reilly that Melaleuca had lost about two hundred customers in the first two weeks after referencing Obama's website to him; Two days later he told Idaho Statesman that "unreliable" and "unexpected" national support in the intervening period turned good for business.
In July 2012, VanderSloot said he was the subject of two new federal audits, one by the Internal Revenue Service and the other by the US Department of Labor. VanderSloot has not been audited in a period of thirty years before Obama's campaign list. VanderSloot said that the audit time was inquisitive and questionable, claiming that he received notice of IRS audits two months after he was "chosen by the Obama campaign." He noted that he did not think that the President was right behind the audit. Ultimately, the audit found no fault but VanderSloot paid $ 80,000 to defend himself during the audit process.
A number of commentators expressed disapproval of VanderSloot's campaign depictions. Three op-eds published by the Wall Street Journal criticize the treatment of VanderSloot's campaign and Romney's donors over others. The critics, two of whom were written by Wall Street Journal contributors Kimberley Strassel, disputed by television host Rachel Maddow, Lewiston Morning Tribune editor Marty Trillhaase and David Shere from Media Things are for the Americans but supported by the editorial page of National Review, Joe Newby from Spokane Conservative Examiner, and Henry Reske from Newsmax. After the election, Mitt Romney described the campaign of Obama's campaign against VanderSloot as "a very dangerous and disturbing development". Tom McClintock complained about VanderSloot's treatment in a speech on the floor of the United States House of Representatives in May 2013 and Marco Rubio separately made a similar statement on the Senate floor.
2016 Presidential Election
In June 2015, VanderSloot and his wife gave $ 50,000 to the political action committee (PAC Conservative Solutions) funding the campaign of senator Marco Marco Rubio as a Republican candidate for the 2016 presidential election. VanderSloot also donated $ 2,700, the maximum permitted by law, to the campaign president of GOP ex-technology executive Carly Fiorina. In November 2015, VanderSloot announced that he supported Rubio to become president and that he planned to organize a fundraiser and contribute to Rubio. In June 2016, VanderSloot said he was ready to support Donald Trump as "the best bet" to defeat Hillary Clinton, and in September of that year Donald Trump Jr. made a private visit to VanderSloot at Melaleuca headquarters. After the presidential election in November 2016, VanderSloot announced on Twitter that Trump was not his first, second, or third choice as a candidate but it was "a time for all of us to get together and unite behind our new president."
Idaho polling measurements
Vandersloot is the main financial supporter of the United Families Idaho Action Fund, the PAC which supports the amendment of the effective Joint Resolution 2 (House Joint Resolution 2) amendment in Idaho 2006. Melaleuca is a major contributor to the PAC fund, giving $ 6,827 while VanderSloot and his wife donated additional $ 2,000. The amendment was repulsed as unconstitutional in 2014.
VanderSloot spends $ 1.3 million in 2012 to sponsor television ads and other ads that support Propositions 1, 2, and 3, a vote referendum supporting educational change introduced and championed by Idaho Tom Luna public school supervisor in 2011. The three-part education package , a $ 180 million eight-year program that limits the rights of collective bargaining, which requires online classes and laptop mandates for ninth graders, has been approved by the Idaho Legislature and supported by Governor CL "Butch" Otter. An initiative campaign puts the approval of the law on ballots, and they are defeated in state voting.
Idaho's political and judicial campaign
According to Dan Popkey of Idaho Statesman and Roger Plothow and Marty Trillhaase of Idaho Falls Posters , VanderSloot supports Democratic Idaho Democrat governor Larry EchoHawk's campaign and supports Democrat Jackie Groves Twilegar for state control part of Idaho in 2006. VanderSloot has been a major donor to the Republic of Idaho, according to Popkey, describing it as the "most populous conservative capitalist" and by Eamon Murphy of America Online, calling him the "probably the most influential campaign of donors" in the state Idaho.
VanderSloot spent over $ 100,000 on independent advertising on three winning trials, two for the Idaho Supreme Court and one for district judges in Bonneville County. VanderSloot and Melaleuca are financial supporters of PAC Concerned Citizens for Family Values. PAC runs ads targeting the incumbent Idaho Supreme Court Justice Cathy Silak during the 2000 re-election campaign against challenger Daniel T. Eismann. The ad alleges that if Silak is re-elected, same-sex marriage and "partial birth abortion" can be legal in Idaho.
In 2002, VanderSloot and Melaleuca donated more than $ 50,000 against Democratic electoral bid Keith Roark, former district attorney for Blaine, to Attorney General Idaho. Contributions include a $ 35,000 donation to Republican Roark, Lawrence Wasden, and a $ 16,500 donation to Citizens Concern for Family Values, an organization run by VanderSloot, to pay for advertising attacks on Roark in Eastern Idaho. That year, VanderSloot and Melaleuca also donated $ 7,000 for the campaign of KPK Republic governor Dirk Kempthorne in 2002.
In 2006, VanderSloot and his wife, Belinda, donated nearly $ 16,000 through PAC Citizens for Truth and Justice, and through direct payments for advertising opposing the re-election of District Judge 7 Idaho James Herndon, a Democrat, in a three-way race against challengers Darren Simpson and DaLon Esplin. Ads that criticize Herndon are also aired on radio stations run by Riverbend Communications, owned by VanderSloot and his wife.
In 2010, VanderSloot funded two PACs that launched a last minute advertisement against Idaho District 2 Judge John Bradbury, a Democrat, during his election to the state Supreme Court against the ruling Justice Minister Roger Burdick. VanderSloot donated $ 19,000 to PAC Idaho Citizens for Justice and financed PAC Citizens for Commonsense Solutions. Idaho State Minister Ben Ysursa announced that PAC was fined $ 1,900 collectively for failing to appoint a certified treasurer before receiving a donation from VanderSloot and for failing to disclose major expenses for his ads before the election, as required by law.
LGBT issues
In 1999, VanderSloot sponsored a billboard around Idaho asking, "Should public television promote homosexual lifestyles to your children? Think about it!" referring to It's Basic , a 1999 PBS documentary that investigates how four schools deal with homosexuality. VanderSloot's wife, Belinda, donated $ 100,000 for Proposition 8's proposal to cancel gay marriage in California, and volunteers used Melaleuca's call center after hours to persuade California voters to support the move.
In 2006, VanderSloot released two full-page ads in the Idaho Falls Post List that criticized a series of investigative articles by journalist Peter Zuckerman in Post List about child abuse incidents. by Boy Scout director at the Grand Teton Council. The ads caused media controversy for allegedly preaching Zuckerman, drawing criticism from Rachel Maddow's television politics commentator Glenn Greenwald in Salon magazine, editorial page of Boise Weekly Post List Dean Miller, and Zuckerman himself.
The first ad states that Zuckerman has "publicly declared that he is a homosexual" in an article for Point South, and that local communities and radio stations have "speculated" that Zuckerman's sexual orientation may have motivated him "to attack Scouts and LDS Churches" because the scouts' forbade gay Scouts leaders and Church opposition to gay marriage. The ad states that "it would be very unfair for anyone to conclude that that is behind Zuckerman's motives"; an analysis by Glenn Greenwald in the Salon confirms that "the advertisement is unreasonably trying to reject the very 'speculation' about Zuckerman being just reinforced." The second ad shows that Zuckerman, as "gay rights advocate" and "homosexual reporter," has a personal ax to do something because of the Boy Scout's ban on gay boy scouts.
VanderSloot denied that he had expelled Zuckerman, saying that he had tried to defend Zuckerman's motives, and repeated that Zuckerman had previously publicly disclosed his sexual orientation, already discussed in the local community. Post editor Editor Dean Miller stated that Zuckerman's sexual orientation was known only to the Zuckerman family and to some of his close friends and colleagues, and Zuckerman himself also denied VanderSloot's claim that the advertisement was not an outing.
VanderSloot stated in 2012 that "gay people should have the same freedom and rights as other individuals" and by 2013 he supports equal rights for gay people but believes that the definition of marriage is a union between men and women.
Legal action
On February 17, 2012, columnist Glenn Greenwald of Salon writes that, over time, VanderSloot has threatened to bring what Greenwald calls a "reckless 'legal' lawsuit against his political critics" and has made the threat of " expensive defamatory acts "against the source (including Forbes , Mother Jones , and Salon ) who has published a critical view of his public statements about his/gay rights and Melaleuca business practices; he had previously made similar requests from local political blogs in Idaho. On her show on September 28, 2012, Rachel Maddow stated that VanderSloot and her lawyer requested that she remove from the Web archive an event in which she reported and commented on Zuckerman's outing allegations; he said that he also objected when he published the request on his show.
In January 2013, VanderSloot filed a defamation suit against Mother Jones magazine and two of its employees, seeking nearly $ 75,000 in damages, alleging that the magazine described it as "gay-basher" in a February 2012 article entitled " Pyramid Companies like Ponies Up $ 1 Million for Mitt Romney "and in two tweets promoting the article. In October 2015, the court provided an interlocutory decision in support of the defendant, finding that "all statements in question are non-actionable or substantial truths", although the judge also criticized the magazine's report in the article as "objective" and "biased."
In May 2014, VanderSloot filed a defamation suit against former Idaho Falls Post-Registerer Peter Zuckerman, claiming that he "consciously and maliciously published a false statement depicting VanderSloot in the national media as a gay-basher. " The case was resolved in October 2015 after Zuckerman confessed in a written statement that the statement he made about VanderSloot was incorrect.
Philanthropy
In 2003, VanderSloot founded the Melaleuca Foundation, a non-profit private 501 (c) (3) corporation. The Melaleuca Foundation has been a financial contributor at Santa Lucia Children's Home (Hogar Santa Lucia), an orphanage in Quito, Ecuador. In 2005, VanderSloot flew to Baton Rouge to send supplies to the shelter after Hurricane Katrina and helped three refugee families with transportation problems. In 2007, the company VanderSloot, Melaleuca, received the Salvation Army Others Award to help relief efforts after Hurricane Katrina.
In February 2012, VanderSloot Farms purchased the property from Idaho Falls School District 91 for $ 121,000. VanderSloot financed the building renovation on the site, the New Swedish School, which has been listed on the National Register of Historic Places, and donated the entire package to the American Heritage Charter School. Inaugurated in August 2013, the charter school was modeled after the Northern Valley Academy in Gooding, Idaho, and based its curriculum on the Core Knowledge Program established by E.D. Hirsch.
Awards
In 1998, VanderSloot received the Idaho State Business Leader Award from Idaho State University. In 2001, he was awarded Ernst & amp; Young Entrepreneur of the Year Award for the Northwestern region of the USA. He was inducted into the Idaho Hall of Fame in 2007 and received the Idaho Hometown Hero medal in 2011. VanderSloot received the Horatio Alger Award and became a lifelong member of the Horatio Alger of Distinguished Americans Association in 2015. He was named the fifth in the "100 Influential People in Idaho by 2015 "by Ridenbaugh Press. VanderSloot presented the Patriot Award in 2015 by Defense Department Guard and Reserve Support (ESGR) for its support of the army.
Personal life
VanderSloot lives in Idaho Falls, Idaho, with his wife Belinda VanderSloot (nÃÆ' Â © e Boyack), which he married in 1995. Together they have fourteen children: six of Frank VanderSloot's previous weddings, and eight of Belinda VanderSloot's first marriages. VanderSloot was previously married to Kathleen VanderSloot (nÃÆ' Â © e Zundel) and Vivian VanderSloot, his second wife.
References
Source of the article : Wikipedia
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