Wednesday, May 30, 2007
The Wright Investment
According to published reports instead of a standard fee for his endorsement of Vitamin Water, David Wright took a stake in the company, a 0.5% stake. Now that Coke is buying Glaceau, the parent of Vitamin Water for $4.1 billion, if accurate, that means write will get $20.5 million and presumably sign a new endorsement deal.
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