Appeared on May 10, 2012
Elizer Fich, Ph.D., associate professor of finance, was quoted in a Reuters article on Green Mountain Coffee’s demotion of its chairman and director of stock sales after a huge loss in the value of its stock led to scrutiny of its management team.
“It definitely reflects poorly on the company’s corporate governance that they were allowed to pledge such a big portion of their stock on margin,” said Fich. The article was picked up by various outlets including MSNBC.com and CBNC.com.