Sharing a 0.5% stake for a celebrity endorsement

Source: NYPost, May 2007

Mets superstar slugger David Wright cracked a financial grand slam that could be worth as much as $20 million when Glaceau – the Queens company whose VitaminWater drinks he endorses – was acquired yesterday by Coca-Cola for $4.1 billion.

Wright obtained a small slice of the popular beverage company last year.

But instead of taking cash to endorse the company’s flavored water brands, the third baseman, who says he started drinking Glaceau’s juiced-up beverages in the minors, took a 0.5 percent ownership stake in the company.Gng

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