Skip to main content

Posts

Showing posts from May 8, 2012

Demotions rock Green Mountain Coffee

Demotions rock coffee firm Wall Street Journal May 8, 2012 Green Mountain Coffee Roasters demoted its founder and chairman, Robert Stiller, and its lead director, William Davis, after the high-flying coffee company's share-price plunge forced the men into emergency stock sales resulting from margin calls. Mr. Stiller sold 5 million shares of Green Mountain stock for $123.4 million on Monday, reducing his stake to 5.4% from nearly 10% in March. The company said Mr. Stiller—who founded Green Mountain in 1981 as a small cafe in Vermont—will remain on the board but no longer as chairman. Mr. Davis will be stripped of his lead director position but will stay on the ... More at WSJ (Subscription required) ---- The Precipitous Decline Of Green Mountain Coffee's Founder's Fortune Forbes May 8, 2012 More trouble has been brewing for Green Mountain Coffee  and its founder, former billionaire   Robert Stiller .  The company disclosed that St...