Hugh Hefner Accused of Screwing Playboy

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  • Semi-Retired-Dave
    Too lazy to set a custom title
    • Apr 2004
    • 11190

    #1

    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.
    Last edited by Semi-Retired-Dave; 02-08-2010, 07:12 PM.
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  • born2blog
    Confirmed User
    • Sep 2006
    • 1801

    #2
    Originally posted by CyberAge-Dave
    ... because of the articles.
    that never gets old
    Juicy Ads - Buy & Sell Quality Traffic!!

    Comment

    • Sly
      Let's do some business!
      • Sep 2004
      • 31376

      #3
      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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      • VikingMan
        Exploiting human weakness
        • Jan 2008
        • 6858

        #4
        What some people don't understand is that who gets the Playboy brand is just as important as how much money they get.

        Comment

        • pornguy
          Too lazy to set a custom title
          • Mar 2003
          • 62912

          #5
          Originally posted by CyberAge-Dave
          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.


          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?
          PornGuy skype me pornguy_epic

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          Comment

          • Semi-Retired-Dave
            Too lazy to set a custom title
            • Apr 2004
            • 11190

            #6
            Originally posted by Sly
            So you think that the shareholders should lose money and get screwed so that Hugh can maintain his legacy and live the good life?
            They should have thought about that before they bought the stock. I buy bank stocks and who is enjoying it. The CEO's. Same Shit. But in this case, He started this company, not some CEO that is running a bank that has been in business for over 100 years. The guy deserves it.
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            • epitome
              So Fucking Lame
              • Jun 2009
              • 12156

              #7
              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.

              Comment

              • Sly
                Let's do some business!
                • Sep 2004
                • 31376

                #8
                Originally posted by CyberAge-Dave
                They should have thought about that before they bought the stock. I buy bank stocks and who is enjoying it. The CEO's. Same Shit. But in this case, He started this company, not some CEO that is running a bank that has been in business for over 100 years. The guy deserves it.
                Oh good grief. So the stockholders are idiots because they chose to invest in a company that they thought was being run properly, only to find out that the former controller of the company is going to sabotage any possible sale so that he can continue getting pussy?

                That's a new one.
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                • epitome
                  So Fucking Lame
                  • Jun 2009
                  • 12156

                  #9
                  And the TV production company pays for the girls rent and everything they consume.

                  Comment

                  • Semi-Retired-Dave
                    Too lazy to set a custom title
                    • Apr 2004
                    • 11190

                    #10
                    Originally posted by born2blog
                    that never gets old
                    Being in the Porn biz for 14 years, the articles really are great.
                    Support a Good Cause

                    Comment

                    • fatfoo
                      ICQ:649699063
                      • Mar 2003
                      • 27763

                      #11
                      I've seen Hugh Hefner's performance in the movie "Miss March." Well done.

                      [applauses]
                      Send me an email: [email protected]

                      Comment

                      • epitome
                        So Fucking Lame
                        • Jun 2009
                        • 12156

                        #12
                        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.

                        Comment

                        • BVF
                          Black Vagina Finder
                          • Jan 2002
                          • 13975

                          #13
                          Originally posted by Sly
                          Oh good grief. So the stockholders are idiots because they chose to invest in a company that they thought was being run properly, only to find out that the former controller of the company is going to sabotage any possible sale so that he can continue getting pussy?

                          That's a new one.
                          No....He's just saying that the stockholders are just assed out because Hugh Heffner started that company and he DESERVES the right to run it into the ground.....

                          If the stockholders don't like it, sell.

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                          Comment

                          • Semi-Retired-Dave
                            Too lazy to set a custom title
                            • Apr 2004
                            • 11190

                            #14
                            Originally posted by epitome
                            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.
                            I agree, well said.
                            Support a Good Cause

                            Comment

                            • GAMEFINEST
                              Make STACK$
                              • Nov 2006
                              • 14477

                              #15
                              Old man cant run shit, his gotta go
                              Compound interest.

                              Comment

                              • fatfoo
                                ICQ:649699063
                                • Mar 2003
                                • 27763

                                #16
                                Originally posted by CyberAge-Dave
                                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.
                                This is interesting. What you are saying is that Playboy is a public company that has people who buy common stock. This would mean that the financial statements are available for everyone to see. See more here http://moneycentral.msn.com/investor...spx?Symbol=PLA.


                                -----------------

                                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
                                Send me an email: [email protected]

                                Comment

                                • fatfoo
                                  ICQ:649699063
                                  • Mar 2003
                                  • 27763

                                  #17
                                  The company is showing a net loss of $156,060,000 for 2008. This is not good! The company is losing money.
                                  Send me an email: [email protected]

                                  Comment

                                  • Vendzilla
                                    Biker Gnome
                                    • Mar 2004
                                    • 23200

                                    #18
                                    it will be sad if Playboy ever turns into just a brand name
                                    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

                                    Comment

                                    • fatfoo
                                      ICQ:649699063
                                      • Mar 2003
                                      • 27763

                                      #19
                                      Apparently, there is $160,170,000 amount labeled: Unusual expense: 2008.

                                      I wonder what it could be?!?
                                      Send me an email: [email protected]

                                      Comment

                                      • Semi-Retired-Dave
                                        Too lazy to set a custom title
                                        • Apr 2004
                                        • 11190

                                        #20
                                        Originally posted by BVF
                                        No....He's just saying that the stockholders are just assed out because Hugh Heffner started that company and he DESERVES the right to run it into the ground.....

                                        If the stockholders don't like it, sell.
                                        Thanks BVF.
                                        Support a Good Cause

                                        Comment

                                        • Semi-Retired-Dave
                                          Too lazy to set a custom title
                                          • Apr 2004
                                          • 11190

                                          #21
                                          Originally posted by GAMEFINEST
                                          Old man cant run shit, his gotta go
                                          He's not running it, he's living it. Big difference.
                                          Support a Good Cause

                                          Comment

                                          • LiveDose
                                            Show Yer Tits!
                                            • Feb 2002
                                            • 25792

                                            #22
                                            Damn Playboy just won't be the same without Hef...

                                            Scammer Alert: acer19 acer [email protected] [email protected] Money stolen using PayPal

                                            Comment

                                            • harvey
                                              Confirmed User
                                              • Jul 2001
                                              • 9266

                                              #23
                                              Originally posted by fatfoo
                                              Apparently, there is $160,170,000 amount labeled: Unusual expense: 2008.

                                              I wonder what it could be?!?
                                              truckloads of Viagra
                                              This post is endorsed by CIA, KGB, MI6, the Mafia, Illuminati, Kim Jong Il, Worldwide Ninjas Association, Klingon Empire and lolcats. Don't mess around with it, just accept it and embrace the truth

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                                              • pornlaw
                                                Confirmed User
                                                • Feb 2007
                                                • 1902

                                                #24
                                                Its about time... he wont even turn over the reigns to his own sons....
                                                Michael

                                                www.AdultBizLaw.com

                                                Comment

                                                • PurrrsianPussyKat
                                                  Confirmed User
                                                  • Jan 2004
                                                  • 2088

                                                  #25
                                                  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.
                                                  Need a reliable, reasonably priced php programmer? Hit me up! 2934409

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                                                  • bronco67
                                                    Too lazy to set a custom title
                                                    • Dec 2006
                                                    • 29032

                                                    #26
                                                    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?

                                                    Comment

                                                    • Iron Fist
                                                      Too lazy to set a custom title
                                                      • Dec 2006
                                                      • 23400

                                                      #27
                                                      Maybe i'll wait until its a penny stock.
                                                      i like waffles

                                                      Comment

                                                      • psili
                                                        Confirmed User
                                                        • Apr 2003
                                                        • 5526

                                                        #28
                                                        Originally posted by BVF
                                                        No....He's just saying that the stockholders are just assed out because Hugh Heffner started that company and he DESERVES the right to run it into the ground.....

                                                        If the stockholders don't like it, sell.
                                                        It's not a privately owned company anymore, right? So how does Hugh still "DESERVE" the right to fuck over the other company's owners? Really, I'm confused by the entitlement mentality I'm reading, but I could be mis-reading or not knowing stuff as well.
                                                        Your post count means nothing.

                                                        Comment

                                                        • SleazyDream
                                                          I'm here for SPORT
                                                          • Jul 2001
                                                          • 41470

                                                          #29
                                                          the comments in this thread are funny
                                                          This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog!

                                                          Now read without the word dog.

                                                          Comment

                                                          • Peter Romero
                                                            Long time no happy ending
                                                            • Feb 2003
                                                            • 10602

                                                            #30
                                                            Originally posted by Sly
                                                            So you think that the shareholders should lose money and get screwed so that Hugh can maintain his legacy and live the good life?
                                                            I think I'll put my sig right here. Live it up Hef - you deserve it!


                                                            [email protected]

                                                            See them all here: https://www.Petergirls.com

                                                            Comment

                                                            • pamon
                                                              Confirmed User
                                                              • Dec 2007
                                                              • 3113

                                                              #31
                                                              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.
                                                              Email: [email protected]
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                                                              Comment

                                                              • magpan

                                                                #32
                                                                Sig spot for sure

                                                                Comment

                                                                • AsianDivaGirlsWebDude
                                                                  Purveyor, Fine Asian Porn
                                                                  • Jul 2004
                                                                  • 38323

                                                                  #33
                                                                  Originally posted by fatfoo

                                                                  Apparently, there is $160,170,000 amount labeled: Unusual expense: 2008.

                                                                  I wonder what it could be?!?


                                                                  Well, it's unusual...

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                                                                  • RyuLion
                                                                    • Mar 2003
                                                                    • 32369

                                                                    #34
                                                                    Only in America..

                                                                    Adult Biz Consultant A tech head since 1995
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                                                                    • plsureking
                                                                      bored
                                                                      • Aug 2003
                                                                      • 4900

                                                                      #35
                                                                      Originally posted by psili
                                                                      It's not a privately owned company anymore, right? So how does Hugh still "DESERVE" the right to fuck over the other company's owners? Really, I'm confused by the entitlement mentality I'm reading, but I could be mis-reading or not knowing stuff as well.
                                                                      ya lots of people started companies that went public. they aren't entitled to use the private jet and vacation houses for life.

                                                                      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.
                                                                      PornCMS / low cost paysite management with hosting

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                                                                      • slapass
                                                                        Too lazy to set a custom title
                                                                        • Nov 2002
                                                                        • 14625

                                                                        #36
                                                                        He should sell. It would be a nice way to end it rather then have to close the thing himself.

                                                                        Comment

                                                                        • RadicalSights
                                                                          So Fucking Banned
                                                                          • Mar 2009
                                                                          • 1595

                                                                          #37
                                                                          No more High Class call girls for him

                                                                          Comment

                                                                          • Domain Diva
                                                                            Too lazy to set a custom title
                                                                            • Oct 2007
                                                                            • 10180

                                                                            #38
                                                                            Originally posted by psili
                                                                            It's not a privately owned company anymore, right? So how does Hugh still "DESERVE" the right to fuck over the other company's owners? Really, I'm confused by the entitlement mentality I'm reading, but I could be mis-reading or not knowing stuff as well.
                                                                            He is still a major shareholder and has the most "controlling/voting stock " 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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                                                                            • Fletch XXX
                                                                              GFY HALL OF FAME DAMMIT!!!
                                                                              • Jan 2002
                                                                              • 60840

                                                                              #39
                                                                              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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                                                                              • The Duck
                                                                                Adult Content Provider
                                                                                • May 2005
                                                                                • 18243

                                                                                #40
                                                                                Originally posted by Sly
                                                                                So you think that the shareholders should lose money and get screwed so that Hugh can maintain his legacy and live the good life?
                                                                                Yes......
                                                                                Skype Horusmaia
                                                                                ICQ 41555245
                                                                                Email [email protected]

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                                                                                • CarlosTheGaucho
                                                                                  Confirmed User
                                                                                  • Oct 2005
                                                                                  • 9553

                                                                                  #41
                                                                                  Once Hef dissapears there won't be no real Playboy anymore

                                                                                  I hope they realize that
                                                                                  Last edited by CarlosTheGaucho; 02-09-2010, 04:45 AM.
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                                                                                  • CaptainHowdy
                                                                                    Too lazy to set a custom title
                                                                                    • Dec 2004
                                                                                    • 94727

                                                                                    #42
                                                                                    Originally posted by RyuLion
                                                                                    Only in America..
                                                                                    Yeah, the Mexican Hefner is doing much better...

                                                                                    Comment

                                                                                    • Semi-Retired-Dave
                                                                                      Too lazy to set a custom title
                                                                                      • Apr 2004
                                                                                      • 11190

                                                                                      #43
                                                                                      Originally posted by pamon
                                                                                      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.
                                                                                      Why not keep his shares and live life as he is? How much more can a guy enjoy life.
                                                                                      Support a Good Cause

                                                                                      Comment

                                                                                      • Semi-Retired-Dave
                                                                                        Too lazy to set a custom title
                                                                                        • Apr 2004
                                                                                        • 11190

                                                                                        #44
                                                                                        Originally posted by CarlosTheGaucho
                                                                                        Once Hef dissapears there won't be no real Playboy anymore

                                                                                        I hope they realize that
                                                                                        Very true.
                                                                                        Support a Good Cause

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                                                                                        • gandalfuy
                                                                                          Confirmed User
                                                                                          • Jun 2005
                                                                                          • 4686

                                                                                          #45
                                                                                          Poor Hugh.
                                                                                          I'm not back.

                                                                                          Comment

                                                                                          • Imortyl Pussycat
                                                                                            Confirmed User
                                                                                            • Apr 2006
                                                                                            • 5449

                                                                                            #46
                                                                                            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
                                                                                            Julie Larson
                                                                                            julie {at} juicyads.com
                                                                                            skype: imortylpussycat

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                                                                                            • Peter Romero
                                                                                              Long time no happy ending
                                                                                              • Feb 2003
                                                                                              • 10602

                                                                                              #47
                                                                                              Originally posted by Imortyl Pussycat
                                                                                              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
                                                                                              Exactly.


                                                                                              [email protected]

                                                                                              See them all here: https://www.Petergirls.com

                                                                                              Comment

                                                                                              • Klen
                                                                                                • Aug 2006
                                                                                                • 32235

                                                                                                #48
                                                                                                Well,not sure can Hef do much-he cant turn playboy magazine into tube

                                                                                                Comment

                                                                                                • arock10
                                                                                                  Confirmed User
                                                                                                  • Jan 2006
                                                                                                  • 6217

                                                                                                  #49
                                                                                                  Originally posted by KlenTelaris
                                                                                                  Well,not sure can Hef do much-he cant turn playboy magazine into tube
                                                                                                  lol good one
                                                                                                  Sup

                                                                                                  Comment

                                                                                                  • Barefootsies
                                                                                                    Choice is an Illusion
                                                                                                    • Feb 2005
                                                                                                    • 42635

                                                                                                    #50
                                                                                                    Originally posted by CaptainHowdy
                                                                                                    Yeah, the Mexican Hefner is doing much better...
                                                                                                    Should You Email Your Members?

                                                                                                    Link1 | Link2 | Link3

                                                                                                    Enough Said.

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