SBD/October 11, 2013/People and Pop Culture

Names In The News

McMahon had to sell about one third of her own stake to raise about $8.3M
In N.Y., Claire Atkinson cites SEC regulatory filings as showing that WWE Exec VP/Creative STEPHANIE MCMAHON since the spring has "sold 833,000 shares of WWE stock." The sales, carried out "over 43 separate transactions, have netted" McMahon about $8.3M. Filings show that the sales were "so aggressive" that McMahon had to "convert nearly 1.3 million shares -- or about one third of her own stake -- of McMahon family super-voting B shares into A shares to raise the cash." The McMahon family even after the sell-off "still firmly controls the Stamford, Conn., company" as Chair & CEO VINCE MCMAHON owns 87% of the 10-votes-per-share B class (N.Y. POST, 10/11).

LESSONS LEARNED: Spreecast CEO JEFF FLUHR is featured in Friday's edition of the N.Y. TIMES' Corner Office. Asked what lessons he took away from running StubHub for seven years before selling it to eBay, Fluhr said, "It was the first time I had an operating role. It was definitely a jump-in-the-deep-end experience. In retrospect, the way we recruited the first handful of people had a lot of positives, but there are probably multiple schools of thought on this. I basically brought in a number of friends -- people I knew from college or high school, and others with one degree of separation from those people" (N.Y. TIMES, 10/11).

NAMES: Patriots Owner ROBERT KRAFT on Tuesday pledged up to $500,000 to the Progeria Research Foundation and a clinical trial that could lead to a treatment for the rare and fatal disease (PRF)....Former Canadian Olympic cyclist CURT HARNETT on Thursday was named chef de mission for Canada’s team in the ’15 Pan Am Games (CP, 10/10)....Sports memorabilia auction house owner WILLIAM MASTRO, who is "accused of secretly altering a rare HONUS WAGNER baseball card to boost its value and the reputation of his business, pleaded guilty to mail fraud." Mastro faces a "maximum penalty of five years imprisonment" (BLOOMBERG NEWS, 10/10)....Rays 3B EVAN LONGORIA in September paid $1.5M in cash for a home in the Venetian Isles neighborhood of St. Petersburg (TAMPABAY.com, 10/10).
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