Blind Item #2 - Easy Come Easy Go - Mr. Hedge
This foreign born A-list model must be horrified by her CEO husband's plunging stock price today. The company burned through over $1.50 in cash for every $1 in sales.
The CEO didn't want to go to jail someday, which is smart. The downside of that meant that he was only allowed to sell a very small percentage of his stock in the company, since its fortunes began to collapse.
Before long, the rest of his stock will be virtually worthless, and he will be far away from the billionaire club. There is only about a year and a half worth of cash left at his company.
The CEO didn't want to go to jail someday, which is smart. The downside of that meant that he was only allowed to sell a very small percentage of his stock in the company, since its fortunes began to collapse.
Before long, the rest of his stock will be virtually worthless, and he will be far away from the billionaire club. There is only about a year and a half worth of cash left at his company.