WATERBURY, Vermont (Reuters) - Green Mountain Coffee Roasters Inc has concluded that no other senior officials have the sort of margin account that led the company to strip its founder, Robert Stiller, of his role as chairman on Tuesday.
"There has been a review and there is nobody else with similar margin accounts," said Suzanne DuLong, a vice president with the company, in an interview at its Waterbury, Vermont, headquarters on Wednesday.
Stiller and fellow director William Davis were stripped of many of the privileges of directors, including their compensation, but kept their seats, after the company learned that they had sold some of their holdings to cover margin calls, following a 50 percent drop in the company's shares after a disappointing earnings report.
(Reporting by Scott Malone; Editing by Gary Hill)
