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Suite Dreams Keep Pre-Paid Critics Awake

 

It's not easy to hide a multimillion-dollar residence in the rural Oklahoma town that Pre-Paid Legal Services (PPD Quote) calls home.

But Pre-Paid's many critics are convinced that's just what Pre-Paid is trying to do. They say the entire top floor of Pre-Paid's new corporate headquarters, hailed as "Ada's first skyscraper," is actually a lavish palace for the company's overindulged CEO.

To bolster their claims, they point to a new report issued by SEC Insight. The corporate disclosure Web site cites public documents to support a conclusion that CEO Harland Stonecipher will soon occupy the penthouse suite in Pre-Paid's new $30 million home. The comments come on the heels of a similar report published last month in TheStreet.com. ...

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