The Grandfather of modern baseball cards is hearing a lot of smack from some of its prime shareholders. A takeover bid looms and even Canadian media has taken interest.
A CEO salary of nearly $1 million per year. A business losing value. Angry shareholders who see things getting worse, not better. A company building a fortress to keep the invaders out.
It has all of the intrigue of a network TV show involving a big-time comany. Topps, the venerable giant in the sports card industry, is under fire from some wealthy but disgruntled men who want it’s leadership to step aside or sell the company.
This might also be the first time the words "Warren Buffett" and "baseball cards" have ever been written in the same paragraph.
…..but, the ‘glass is half full’ side says things are improving…