{"id":11473,"date":"2002-03-09T19:39:00","date_gmt":"2002-03-09T23:39:00","guid":{"rendered":"http:\/\/stallonezone.com\/wordpress\/?p=11473"},"modified":"2019-12-19T19:44:25","modified_gmt":"2019-12-19T23:44:25","slug":"bummer-stock","status":"publish","type":"post","link":"https:\/\/stallonezone.com\/wordpress\/2002\/03\/09\/bummer-stock\/","title":{"rendered":"Bummer Stock"},"content":{"rendered":"<p style=\"text-align: center;\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/stallonezone.com\/imgs\/news\/2002\/mar\/030209SLYPH.jpg?resize=440%2C270\" alt=\"\" width=\"440\" height=\"270\" \/><\/p>\n<p>The March 4, 2002 issue of\u00a0<i>People<\/i>\u00a0contains the pic above with the following:<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">In a year marked by corporate scandal and financial ruin,\u00a0<b>Sylvester Stallone<\/b>\u00a0is waging his own battle. The\u00a0<i>Rocky<\/i>\u00a0star watched as his more than 3.9 million shares of Planet Hollywood stock, which he received as payment for promotional work, dwindle in value from $20 a share to 10 cents each.\u00a0<b>Stallone\u00a0<\/b>blames his former business manager\u00a0<b>Kenneth Starr\u00a0<\/b>[no relation to the Lewinski prosecutor] for alledgedly telling him that &#8216;it would send the wrong message to the market&#8221; if he sold, while counseling other investors to cash out.\u00a0<b>Stallone<\/b>, 55, who teamed with\u00a0<b>Arnold Schwarzenegger<\/b>\u00a0and\u00a0<b>Bruce Willis<\/b>\u00a0to revive the franchise in 1995, claims he lost $10 million after the chain filed for banruptcy in 1999. He&#8217;s suing\u00a0<b>Starr<\/b>\u00a0for $17.3 in damages. [<b>Schwarzenegger<\/b>\u00a0got out two years ago;\u00a0<b>Willis<\/b>\u00a0is still very much invested,&#8221; says his rep.]\u00a0<b>Ben Fields<\/b>, a rep for\u00a0<b>Starr<\/b>, whose clients reportedly include\u00a0<b>Warren Beatty<\/b>\u00a0and\u00a0<b>Al Pacino<\/b>, told\u00a0<i>Daily Variety<\/i>\u00a0that\u00a0<b>Stallone<\/b>&#8216;s claims were &#8220;utter hogwash.&#8221; He adds, &#8220;I call him\u00a0<b>Stallone\u00a0<\/b>the Suer.&#8221; Says\u00a0<b>Starr<\/b>\u00a0spokesman\u00a0<b>Dan Klores<\/b>: &#8220;[He] has sued or been sued by everyone from his stepfather to his landscapers, architects, production companies, producers&#8230; and wives.&#8221; Responds\u00a0<b>Sly<\/b>&#8216;s attorney: &#8220;My client will set the record straight.&#8221; Stay tuned.<\/span><\/p>\n<p><center><\/p>\n<hr \/>\n<p><span style=\"color: #000000;\"><br \/>\nThanks to\u00a0<b>Ernest &#8220;Jazzman&#8221; Resendes<\/b>\u00a0for the pic and article!<\/span><\/p>\n<p><\/center><center><span style=\"color: #000000;\">Craig Zablo (March 9, 2002)<\/span><\/center><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The March 4, 2002 issue of\u00a0People\u00a0contains the pic above with the following: In a year marked by corporate scandal and financial ruin,\u00a0Sylvester Stallone\u00a0is waging his own battle. The\u00a0Rocky\u00a0star watched as his more than 3.9 million shares of Planet Hollywood stock, which he received as payment for promotional work, dwindle in value from $20 a share [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[74,20],"tags":[],"class_list":["post-11473","post","type-post","status-publish","format-standard","hentry","category-74","category-celebs"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3r2Pe-2Z3","_links":{"self":[{"href":"https:\/\/stallonezone.com\/wordpress\/wp-json\/wp\/v2\/posts\/11473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stallonezone.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stallonezone.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stallonezone.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stallonezone.com\/wordpress\/wp-json\/wp\/v2\/comments?post=11473"}],"version-history":[{"count":1,"href":"https:\/\/stallonezone.com\/wordpress\/wp-json\/wp\/v2\/posts\/11473\/revisions"}],"predecessor-version":[{"id":11474,"href":"https:\/\/stallonezone.com\/wordpress\/wp-json\/wp\/v2\/posts\/11473\/revisions\/11474"}],"wp:attachment":[{"href":"https:\/\/stallonezone.com\/wordpress\/wp-json\/wp\/v2\/media?parent=11473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stallonezone.com\/wordpress\/wp-json\/wp\/v2\/categories?post=11473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stallonezone.com\/wordpress\/wp-json\/wp\/v2\/tags?post=11473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}