How's he behaved financially irresponsibly? He's got a $100m...

How's he behaved financially irresponsibly? He's got a $100m line of credit which isn't secured by MEA shares. Huge gambling 'debt' - it's not net debt, he's just sensibly making use of an interest free period & free money - but have a think about what his net assets must be to get a $100m line of credit. Just because $16m is a huge number doesn't mean he can't well afford it.

If you'd said he's behaved recklessly by running the risk of trashing the company's reputation if his gambling line of credit came to light...that's a different point & that I'd agree to. I bet the average person on the street, whoever & whatever that is, will think twice before using MEA to sell their home because of this.