Newark, NJ- Steven Foster, an executive at Foster Communications, just took out a $1,000,000 life insurance policy and listed a primary business rival as the beneficiary. The reckless move is rooted in a persistent feud that has been flaming between Foster and his rival for nearly a decade. The rival is Chet Stanley, an executive at Fosters dueling company ‘Stanley co’.
Ten years ago Stanley and Foster sat down together as executive partners in a company board room. They worked together in a joint owned company called Foster and Stanley. Their company specialized in providing businesses with a means to global communication.
At the time the company was growing rapidly, but internal dissent led to a company wide deterioration. That’s when Foster and Stanley decided to part ways and branch out in two individual companies. Inflated egoism and a failure to compromise burgeoned a new found hatred between the two executives.
“I cannot work with Foster, he is simply full of himself and lacks concern for others. I will surely flourish in my new business endeavor and I am sure that Foster will fail on his own” Stanley was recorded saying at a 1995 press conference.
Though Stanley would have liked for his 1995 statement to have been true, he could not have been more wrong. Foster communications grew exponentially over the past decade, leaving Stanley in the dust. Stanley attributes his rivals successes to “luck.” Stanley co. remains a successful company, but it has not achieved nearly as much success as Foster’s company. The success of Foster has bred aggressive envy in Stanley.
In 2003 Stanley was reportedly seen in a bar with several other business men, and he was quoted shouting that he will “Kill Foster” if he has to. News got out to Foster of the impending death threat, but Foster did not respond.
Later in 2013, Stanley was reported to have again threatened to kill Foster, this time he left a message on Foster’s voicemail. The voice mail seems to have been recorded when Stanley was drunk and incomprehensible. Foster let the second threat slide until the next one which occurred this past October.
This time Stanley tagged Foster in a tweet and publicly denounced him. He threatened to kill him if he had the chance. He claimed that he would not go out of his way, but if someone gave him a good reason he would kill Foster “in a heart beat.”
Foster’s advisers recommended taking legal action, but Foster was unconvinced. In response to the multiple death threats Foster decided to give Stanley a reason to kill him. In a Tweet by Foster two weeks after the threat he stated:
“Just took out a one million dollar life insurance policy and put it in Chet Stanley’s name. Lets see if you can put your money where your mouth is”
Sources confirmed that Foster was not bluffing. If Stanley somehow gets away with killing Foster, he earns one million dollars. Since the Tweet in October, Stanley has taken a long vacation but is finally back in Newark New Jersey. We are all waiting to see what will become of this mess.