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Calls push Life Time CEO to sell more stock
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The chairman and chief executive of Life Time Fitness Inc. on Monday reported he raised $5.6 million through forced sales of company stock to cover margin calls. Bahram Akradi sold 287,800 shares for an average price of $19.61 a share, according to a filing with the Securities and Exchange Commission. Already in October, margin calls have forced Akradi to sell hundreds of thousands of shares of the Chanhassen gym operator. After his most recent sales, Akradi reported ownership of 2.57 million remaining shares. Shares of Life Time closed Monday at $18.66, down 55 cents.
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Blog: Patent Pending
Wisconsin kicks our butt
Yee gads! We already know that Wisconsin has superior angel tax credits than Minnesota (and by superior, I mean it actually HAS them) but this is getting ridiculous. It would be perfectly understandable if the Badger State wanted to sit on its laurels and count the Minnesota startups fleeing to Madison or Hudson. Instead, as Minnesota [...]
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