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FBN's Liz MacDonald breaks down the accounting controversy related to former Green Mountain chairman Robert Stiller
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After you no matter where you come from Green mountain coffee meantime.
Green Mountain Coffee Roasters has been just a mess in terms of the stock taking a big hit -- along with that the founder now the former chairman Robert Stiller.
Elizabeth MacDonald is here with more on the house and really what took the decline is -- longer admittedly I'm -- now.
How this company was it Lisa share price was sustaining -- Yeah that's right -- and if it comes to Medicare and accounting controversy and it could be possibly losing its.
Earnings hired David Einhorn -- obviously short sellers saying just that.
Be really interesting about this is he's -- in the media now Robert Stiller essentially saying that look I am stunned that what's going on I have no income.
I live off of the borrowings against my shares because -- difficult to sell the shares.
So -- -- hold Deutsche Bank put a squeeze on and cap the amount to -- against and -- dumped almost a 126 million dollars worth of shares in at one day he's the founder.
Of this company and that basically he also helped possibly drive down the stock price of Krispy Kreme.
Because he owns almost fifteen million dollars and Krispy Kreme Krispy Kreme nosedive yesterday so he is ousted as chairman.
He's also not gonna get any board pay and also another port director was shut down -- -- for doing.
Stock sales that are outside the transaction when there was this I think this guy broke -- -- -- billionaire I don't yet I need -- -- -- -- -- billion every you know what he'd basically sold in over tours to fifteen million dollars to 15 million shares.
Over the last nine years -- remember last year he bought.
NFL patriots quarterback Tom Brady's apartment on the upper west side nearly eighteen million bucks so he's not -- Desperate straits just yet thank goodness me at thank you Liz Taylor and specialists.
I'm we're gonna continue.
