
(HMG) – To this day at age 81, Hugh Hefner is living life large in his mansion. as the playboy with a parade of young girlfriends always at his side. And that is really making a Playboy shareholder angry, as Hef’s adult entertainment business is allegedly falling apart. In a class action lawsuit, the shareholder alleges that Hef has continued his enviable lifestyle while the company sags and that he’s sabotaged two potential deals to sell the magazine in the past six months for a reasonable price. The lawsuit cites a note from an investment company that analyzed Playboy’s business model and said, “If you were Hugh Hefner, would you give up the parade of busty blonds, the fancy mansion and the reality TV show for a payout?” The lawsuit continues, “”Hefner has continued to live the good life and make sure everyone knows it.” A share of Playboy stock worth $36 in 1999, now sells for about $3.14, almost half the newsstand price of an issue of the magazine.
Via TMZ
February 9, 2010
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