A PLAYBOY SHAREHOLDER THINKS HUGH HEFNER IS RUNNING THE COMPANY INTO THE GROUND BECAUSE HE DOESN’T WANT TO GIVE UP HIS LIFESTYLE
A group of Playboy shareholders have filed a class-action lawsuit against HUGH HEFNER accusing him of running the company into the ground, just so he can keep living like a hedonistic, old pervert.
The lawsuit claims Hugh has intentionally sabotaged two deals to sell the company at a decent price, just because he doesn’t want to give up his lifestyle.
Meanwhile, stock shares have dropped below the cost of the magazine.
(On the day the suit was filed, the stock was at $3.14 a share. The magazine sells for $5.99.)
The lawsuit states, quote, “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 also contains testimony from an investment company that analyzed Playboy’s inner workings. They said, quote, “We think the wildcard here is Hugh Hefner.
“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 seeks unspecified damages on behalf of the shareholders.
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