If Herbalife Ltd. Chief Executive Michael Johnson sounded upbeat on the company’s recent earnings call, it likely had nothing to do with his 2014 compensation.

Johnson pocketed $6.73 million last year, about 36% less than the $10.5 million he took home in 2013, according to regulatory filings. While the executive’s base salary remained the same, Johnson missed out on a $3.71 million bonus when the company missed performance goals, including targets for operating income and earnings per share.

The nutritional supplement company, in a report filed Feb. 26, said its 2014 operating income was $514 million, down from $735 million the year earlier. Earnings per share were $3.40, down 31 percent from the $4.91 recorded in the previous year.

The downtown Los Angeles firm faced headwinds last year from fluctuating foreign currencies in key markets such as Venezuela. Herbalife also continues to spar with hedge fund manager Bill Ackman over whether the multi-level marketer is a pyramid scheme. It also faces an ongoing investigation by the U.S. Federal Trade Commission.

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