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From Times Staff and Wire Reports
L.A. Gear Founder Sells Remaining Stock: Robert Greenberg, who founded L.A. Gear Inc. and was at one time the largest single shareholder, has sold the last of his stock in the athletic footwear company. Greenberg sold his remaining stock--835,000 shares, amounting to about 4% of total equity in the company--last week. Greenberg, who once owned about 18% of the company’s stock, resigned last January from his post as L.A. Gear’s chief executive.
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