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Hef gives Christie power, not stock. (Playboy Enterprises CEO Christie Hefner)
Crain's Chicago Business, November, 1997 by Donation, Scott
The estate plan: Two young sons will control his Playboy shares Christie Hefner inherited the mantle of leadership at Playboy Enterprises Inc. from her father, Hugh Hefner. But the founder and chairman emeritus ultimately sees his two young sons as his hares apparent. In a wide-ranging interview with Advertising Age, a sister publication of CRAIN'S CHICAGO BUSINESS, Mr.
Hefner reveals that control of his 70% voting stake in Playboy eventually is expected to shift to his two young sons by his current wife, former Playmate Kimberly Hefner - not Christie, who has run the company since 1982. Mr. Hefner's plan is to divide ownership among his heirs through a trust but to consolidate management power in Ms. Hefner's hands until her departure from the company. Only after...
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