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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (89951)	5/10/2012 12:53:51 PM
From: Brasco One	Read Replies (1) \| Respond to of 219973

Green Mountain’s founder and ex-chairman, Robert Stiller, isn’t exactly sure why his recent margin call got him stripped of his chairman title. He told the Journal’s Dana Mattioli that he has “no other income other than selling stock or borrowing against it.” How Stiller got himself into such a mess is a bit of a mystery. He had some big expenses to cover, including the $17.5 million he paid for Tom Brady’s Manhattan apartment. One can argue why you’d buy Tom Brady’s Manhattan apartment in the first place if you could pay for it only by borrowing against your stock holdings. He bought the apartment as a crash pad for his kids when they visit Manhattan, Dana explained; it’s actually empty most of the time. There are plenty of hotels in New York where the Stiller progeny arguably would have been comfortable. But he’s raised nearly $250 million through stock sales since February. It’s not like he was really broke (trust us; we know what really broke is). It’s hard to understand how he so mismanaged his finances. It’s also hard to see where Green Mountain goes from here, and how it gets past this latest headache. Besides hiring a new chairman, of course. Dana came on the Markets Hub this morning with the details.