All references must be sourced to CNBC.
Bob Stiller told CNBC's Scott Wapner that he was stunned to be removed as the company's Chairman.
"I am really shocked and hurt," Stiller told CNBC on Tuesday evening. "There were no SEC laws broken, nothing that was in violation of Federal law. I'm stunned. I've always been transparent with the board. I think it's an overreaction."
Stiller declined to comment further until he could speak to his legal advisor.
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