Salt Lake Tribune:

Author and productivity consultant Denis Waitley once said success in life comes not from holding a good hand, but in playing a poor hand well.

    He might have been referring to his own credentials.

    While Waitley, 73, toured the country revealing the secrets to success in books like Winner’s Edge and Seeds of Greatness, he neglected to mention an embellishment or two in his own biography. The Californian does not have a master’s degree and his Ph.D. appears to be from a now-defunct and never-accredited university.

    The revelations, reported last week by a private investigator, have cost Waitley his position on the Usana Health Sciences board of directors, and further damaged the credibility of the Salt Lake City supplements maker.

    Usana shares tumbled $3.52 in Friday trading on the Nasdaq Stock Market. At $46.87, the stock is at its lowest level since Nov. 17.