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02-08-2010, 09:11 PM
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#1 |
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Too lazy to set a custom title
Join Date: Apr 2004
Location: LA
Posts: 11,190
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Hugh Hefner Accused of Screwing Playboy
Come on, leave the guy alone. I don't think Playboy should be sold. The guy lived and is living a great lifestyle by what he created. He deserves it. He gave the world one of the best Men's magazines of our time. He should not have this pressure on him at this time of his life.
Source. http://www.tmz.com/2010/02/08/hugh-h...-class-action/ --------------------------- Hugh Hefner has been sued for living the good life and refusing to give it up for the sake of his company. We've obtained a class action lawsuit filed by a Playboy shareholder who claims the company is falling apart and Hugh has intentionally sabotaged two potential deals in the last 6 months to sell the company at a decent price. In the lawsuit, an investment company that analyzed Playboy's business sent a note stating "we think the wildcard here is Hugh Hefner." The note continues, "If you were Hugh Hefner, 81, would you give up the parade of busty blonds, the fancy mansion and the reality TV show for a payout?" The suit goes on ... "Hefner has continued to live the good life and make sure everyone knows it. Hefner remains in the limelight, showing up at media events and at the Playboy mansion ... with his girlfriends by his side." The suit laments, "Today, the price of a Playboy magazine is far higher than the price of Playboy common stock." In 1999, the stock sold for $36 a share. Today Playboy closed at $3.14. The magazine sells for $5.99 ... because of the articles. The plaintiffs say Hefner runs roughshod over the shareholders and they want unspecified damages.
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02-08-2010, 09:16 PM
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#3 |
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Let's do some business!
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Join Date: Sep 2004
Location: Austin, TX
Posts: 31,288
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So you think that the shareholders should lose money and get screwed so that Hugh can maintain his legacy and live the good life?
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02-08-2010, 09:16 PM
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#4 |
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Exploiting human weakness
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Join Date: Jan 2008
Location: next to a salmon stream
Posts: 6,451
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What some people don't understand is that who gets the Playboy brand is just as important as how much money they get.
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02-08-2010, 09:18 PM
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#5 | |
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Too lazy to set a custom title
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Join Date: Mar 2003
Location: Homeless
Posts: 62,912
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Quote:
Im a share holder.. IM gonna get paid. im gonna get paid. Oh wait.. They accused him of wasting the company and then sue him??? what do they want sheets from the beds with its all auctioned?
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02-08-2010, 09:19 PM
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#6 | |
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Too lazy to set a custom title
Join Date: Apr 2004
Location: LA
Posts: 11,190
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Quote:
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02-08-2010, 09:20 PM
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#7 |
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So Fucking Lame
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Join Date: Jun 2009
Location: St. Petersburg, FL
Posts: 12,158
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That shareholder must not read the annual report because the Playboy mansion is ran just like a hotel ... they track everything down to food and beverage. Hefner pays for what he uses ... he just has a private hotel.
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02-08-2010, 09:21 PM
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#8 | |
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Let's do some business!
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Join Date: Sep 2004
Location: Austin, TX
Posts: 31,288
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That's a new one. |
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02-08-2010, 09:21 PM
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#9 |
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So Fucking Lame
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Join Date: Jun 2009
Location: St. Petersburg, FL
Posts: 12,158
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And the TV production company pays for the girls rent and everything they consume.
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02-08-2010, 09:22 PM
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#10 | |
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Too lazy to set a custom title
Join Date: Apr 2004
Location: LA
Posts: 11,190
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Quote:
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02-08-2010, 09:26 PM
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#11 |
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ICQ:649699063
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Join Date: Mar 2003
Posts: 27,763
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I've seen Hugh Hefner's performance in the movie "Miss March." Well done.
[applauses]
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02-08-2010, 09:27 PM
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#12 |
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So Fucking Lame
Industry Role:
Join Date: Jun 2009
Location: St. Petersburg, FL
Posts: 12,158
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If he already pays for his lifestyle, why wouldn't the acquiring company just continue letting him live in the mansion and benefit from the additional branding?
Sounds like the whole basis of the lawsuit is an analysts opinion. |
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02-08-2010, 09:28 PM
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#13 | |
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Black Vagina Finder
Join Date: Jan 2002
Location: The Midwest
Posts: 13,975
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Quote:
If the stockholders don't like it, sell.
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 Black Pussy Click On Mr Cosby..CCbill, 60/40, 136 FHG's....The Cos Loves Black Ghetto Pussy!! |
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02-08-2010, 09:28 PM
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#14 | |
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Too lazy to set a custom title
Join Date: Apr 2004
Location: LA
Posts: 11,190
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Quote:
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02-08-2010, 09:32 PM
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#15 |
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Make STACK$
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Join Date: Nov 2006
Location: sexy time
Posts: 14,418
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Old man cant run shit, his gotta go
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Compound interest. |
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02-08-2010, 09:36 PM
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#16 | |
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ICQ:649699063
Industry Role:
Join Date: Mar 2003
Posts: 27,763
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Quote:
----------------- Here is the Annual data for 2008 (12 months) Financial data in U.S. Dollars Values in Millions (Except for per share items) Revenue 292.15 Total Revenue 292.15 Cost of Revenue, Total 236.33 Gross Profit 55.82 Selling/General/Administrative Expenses, Total 51.29 Research & Development 0 Depreciation/Amortization 0 Interest Expense (Income), Net Operating 0 Unusual Expense (Income) 160.17 Other Operating Expenses, Total 4.12 Operating Income -159.77 Interest Income (Expense), Net Non-Operating 0 Gain (Loss) on Sale of Assets 0 Other, Net -1.81 Income Before Tax -165.91 Income Tax - Total -9.85 Income After Tax -156.06 Minority Interest 0 Equity In Affiliates 0 U.S. GAAP Adjustment 0 Net Income Before Extra. Items -156.06 Total Extraordinary Items 0 Net Income -156.06 Total Adjustments to Net Income 0 Preferred Dividends 0 General Partners' Distributions 0 Basic Weighted Average Shares 33.31 Basic EPS Excluding Extraordinary Items -4.69 Basic EPS Including Extraordinary Items -4.69 Diluted Weighted Average Shares 33.31 Diluted EPS Excluding Extrordinary Items -4.69 Diluted EPS Including Extraordinary Items -4.69 Dividends per Share - Common Stock Primary Issue 0 Gross Dividends - Common Stock 0 Interest Expense, Supplemental 4.46 Depreciation, Supplemental 4.69 Normalized EBITDA 7.38 Normalized EBIT 0.4 Normalized Income Before Tax -5.73 Normalized Income After Taxes -51.94 Normalized Income Available to Common -51.94 Basic Normalized EPS -1.56 Diluted Normalized EPS -1.56 Amortization of Intangibles 2.28
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02-08-2010, 09:38 PM
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#17 |
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ICQ:649699063
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Join Date: Mar 2003
Posts: 27,763
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The company is showing a net loss of $156,060,000 for 2008. This is not good! The company is losing money.
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02-08-2010, 09:40 PM
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#18 |
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Biker Gnome
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Join Date: Mar 2004
Location: cell#324
Posts: 23,201
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it will be sad if Playboy ever turns into just a brand name
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Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants think about that |
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02-08-2010, 09:42 PM
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#19 |
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ICQ:649699063
Industry Role:
Join Date: Mar 2003
Posts: 27,763
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Apparently, there is $160,170,000 amount labeled: Unusual expense: 2008.
I wonder what it could be?!?
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02-08-2010, 09:46 PM
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#20 | |
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Too lazy to set a custom title
Join Date: Apr 2004
Location: LA
Posts: 11,190
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Quote:
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02-08-2010, 09:47 PM
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#21 | |
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Too lazy to set a custom title
Join Date: Apr 2004
Location: LA
Posts: 11,190
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Quote:
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02-08-2010, 10:00 PM
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#22 |
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Show Yer Tits!
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Join Date: Feb 2002
Location: Somewhere Out there...
Posts: 25,792
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Damn Playboy just won't be the same without Hef...
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02-08-2010, 10:02 PM
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#23 | |
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Confirmed User
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Join Date: Jul 2001
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Posts: 9,266
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Quote:
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02-08-2010, 10:07 PM
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#24 |
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Confirmed User
Join Date: Feb 2007
Location: Los Angeles, CA
Posts: 1,850
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Its about time... he wont even turn over the reigns to his own sons....
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02-08-2010, 10:07 PM
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#25 |
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Confirmed User
Join Date: Jan 2004
Location: Lost in the mountains
Posts: 2,088
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I remember being a kid and going to the playboy club up in Vernon, nj with my parents.
My dad used to go play golf and my mom and I would chill by the pool.
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02-08-2010, 10:10 PM
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#26 |
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Too lazy to set a custom title
Join Date: Dec 2006
Posts: 29,035
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Can't they let the man live out the rest of his life in piece. He's been living the dream for all these years, why fuck it up now?
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02-08-2010, 10:14 PM
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#27 |
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Too lazy to set a custom title
Join Date: Dec 2006
Posts: 23,400
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Maybe i'll wait until its a penny stock.
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i like waffles |
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02-08-2010, 10:30 PM
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#28 | |
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Confirmed User
Join Date: Apr 2003
Location: Loveland, CO
Posts: 5,526
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Quote:
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Your post count means nothing. |
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02-08-2010, 11:52 PM
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#29 |
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I'm here for SPORT
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Join Date: Jul 2001
Location: Phone # (401) 285-0696
Posts: 41,470
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the comments in this thread are funny
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02-09-2010, 12:02 AM
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#30 | |
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Long time no happy ending
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Join Date: Feb 2003
Location: San Diego CA
Posts: 10,578
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I think I'll put my sig right here. Live it up Hef - you deserve it! |
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02-09-2010, 12:44 AM
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#31 |
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Confirmed User
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Join Date: Dec 2007
Posts: 3,103
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he's an icon but hasn't been in the focus of the company in a while. PB is a nice mag and stuff but it's online stuff is weak and doesn't make $$. more hardcore mags and sites make more income. it's legacy of the magazine will live on since its playboy.
he should sell his shares, walk away, and enjoy life.
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02-09-2010, 01:23 AM
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#32 |
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Guest
Posts: n/a
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Sig spot for sure
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02-09-2010, 01:23 AM
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#33 | |
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Purveyor, Fine Asian Porn
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Join Date: Jul 2004
Location: San Francisco Bay Area
Posts: 38,323
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Quote:
 Well, it's unusual...  ADG |
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02-09-2010, 01:27 AM
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#34 |
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Join Date: Mar 2003
Location: San Diego
Posts: 32,173
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Only in America..
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02-09-2010, 02:39 AM
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#35 | |
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bored
Industry Role:
Join Date: Aug 2003
Location: Metaverse
Posts: 4,675
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Quote:
he's just a dude that got lucky doing the right thing at the right time. he couldn't start an adult business today or survive in today's economy (and isn't). adult companies are liquidating and magazines are all going under. if there's a case, he'll lose, cash out, and still get more pussy than any of us.
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02-09-2010, 05:07 AM
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#36 |
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Too lazy to set a custom title
Join Date: Nov 2002
Location: Earth
Posts: 14,627
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He should sell. It would be a nice way to end it rather then have to close the thing himself.
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02-09-2010, 05:59 AM
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#37 |
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So Fucking Banned
Industry Role:
Join Date: Mar 2009
Location: Europe
Posts: 1,595
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No more High Class call girls for him
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02-09-2010, 06:11 AM
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#38 | |
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Too lazy to set a custom title
Industry Role:
Join Date: Oct 2007
Location: *UK/USA/Canada* ICQ : 494318698 Email:[email protected]
Posts: 10,180
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Quote:
he planned that well..... cant say he hasnt got brains......I think what a lot are missing is once he goes it will be the end of Playboy as HE is Playboy...no one else could do what he does....even if its just hangin with hot models !!. I would also say Richard Branson ...Donald Trump...and even Don KIng as examples are the main key to thier companies fortunes in the same way.
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02-09-2010, 06:16 AM
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#39 |
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GFY HALL OF FAME DAMMIT!!!
Join Date: Jan 2002
Location: that 504
Posts: 60,840
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i doubt the misery Hugh Hefner lives in is considered a good life any longer, maybe 40 years ago, but not now.
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02-09-2010, 06:21 AM
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#40 | |
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Adult Content Provider
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Location: Europe
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02-09-2010, 06:43 AM
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#41 |
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Confirmed User
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Join Date: Oct 2005
Posts: 9,510
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Once Hef dissapears there won't be no real Playboy anymore
I hope they realize that
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02-09-2010, 06:53 AM
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#42 | |
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Too lazy to set a custom title
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Location: Happy in the dark.
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02-09-2010, 07:53 AM
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#43 | |
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Too lazy to set a custom title
Join Date: Apr 2004
Location: LA
Posts: 11,190
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Quote:
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Support a Good Cause |
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02-09-2010, 11:03 AM
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#44 | |
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Too lazy to set a custom title
Join Date: Apr 2004
Location: LA
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Quote:
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Support a Good Cause |
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02-09-2010, 12:04 PM
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#45 |
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Confirmed User
Join Date: Jun 2005
Location: Montevideo, Uruguay.
Posts: 4,686
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Poor Hugh.
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I'm not back. |
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02-09-2010, 01:07 PM
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#46 |
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Confirmed User
Join Date: Apr 2006
Location: Cali
Posts: 5,449
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Hef's persona is a huge part of that brand. remove him, his publicity and his property and see how that affects the shareholders stock and the brand
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02-09-2010, 01:14 PM
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#47 | |
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Long time no happy ending
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Location: San Diego CA
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02-09-2010, 02:15 PM
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#48 |
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Join Date: Aug 2006
Location: Little Vienna
Posts: 32,235
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Well,not sure can Hef do much-he cant turn playboy magazine into tube
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02-09-2010, 03:25 PM
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#49 | |
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Confirmed User
Join Date: Jan 2006
Posts: 6,218
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Sup |
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02-09-2010, 03:29 PM
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#50 | |
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Choice is an Illusion
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