Results tagged “stock”

Jesus Sanchez at The Eastsider LA was curious who be the richest in the land of the hippest. Hypothesis: American Apparel's Dov Charney: "Last year, Charney, who sold off his company but remains in charge as CEO, earned a salary topping $8 million. In addition, the company granted him stock options worth nearly another $8 million. Of course, Charney, like everyone else with stock and a 401k, has taken a big hit. Still, the American Apparel stock he got when he sold the company is now worth, at least on paper, nearly $200 million, based on Thursday's closing stock price. That would buy enough $17, American Apparel pocket t-shirts for just about everyone living in Los Angeles and Orange counties."

He may be the richest, swankiest and most famous cat in Holmby Hills, but the credit crunch has got Hugh Hefner too. Back in August, Playboy announced the end of company-thrown shindigs at the mansion but still is letting people rent out the famous grounds for their own events. Now the Daily Star is reporting that Hef is stripping back staff after the stock's plunge. But that's what an inside source is saying and Playboy, shielded behind an employee information policy, has no comment.

West Hollywood based Ticketmaster's heart skipped a few beats yesterday when Cablevision, who runs Madison Square Garden among many other venues, hinted towards leaving Ticketmaster and signing up with Live Nation to do their ticketing. News of that sent Live Nation's stock from $2.82, to $16.82. But after the freakout, Cablevision announced later in the day that they would stick with Ticketmaster, who closed 3% higher at $13.09 but is still down 30% after last week's announcement that SMG, the ticket provider's second largest client, signed up with Live Nation.