Corrections or additions?
This article by Barbara Fox was published in U.S. 1 Newspaper on November 10, 1999. All rights reserved.
Also see article about the MIIX IPO at https://www.princetoninfo.com/199909/90901f02.html.
Fame to Infamy
This summer Daniel Goldberg had his 15 minutes of fame
— photographed on the floor of the New York Stock Exchange when
his medical malpractice insurance company, MIIX, went public. Now
he gets another 15 minutes, with a blaring headline in the Trentonian,
“CEO Ran Posh Pot Farm.” The headline was in 200 point type
(compared to 18 points for this story).
On Saturday, November 6, police raided Goldberg’s Upper Makefield
home and allegedly found a hydroponic garden of marijuana plants in
the attic. Goldberg, 52, was charged with manufacturing a controlled
substance and possession of marijuana and drug paraphernalia. Edward
Wiest, 28, a resident at the same address, was also charged, and both
were released on $50,000 bail.
Goldberg is president and CEO of the 200-person firm that is
headquartered
at 2 Princess Road. He has been granted a leave of absence “for
personal reasons,” said board chairman Vincent Maressa in a
statement.
Kenneth M. Koreyva, executive vice president, was named to assume
Goldberg’s duties.
Last summer Goldberg was listed as receiving a base salary of $430,000
plus a bonus of $475,000, additional compensation worth $123,331,
and options to purchase 175,000 shares of stock, now trading at about
$2 more than the opening price.
Police seized his computer and he is under a temporary restraining
order not to enter his house, located in the Pineville section of
Upper Makefield. If it can be proved the house was used as a drug
distribution center, Goldberg could be prevented from selling it.
“We are fortunate to have a strong management team that allows
us to continue focusing on our business strategy without missing a
beat,” said Maressa in his statement. “Our third-quarter
results
amply demonstrate our financial and operational strength.”
The MIIX Group (MHU), 2 Princess Road,Lawrenceville08648. 609-896-2404; fax, 609-896-4905.Http://www.miix.com.Previous StoryNext StoryCorrections or additions?This page is published by PrincetonInfo.com— the web site for U.S. 1 Newspaper in Princeton, New Jersey.
