Y'all are a bunch of wankers!

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How do you lose track of the CEO of your company?
Permalink school kid 
March 26th, 2007 4:35pm
That's not as rare as you think, it's very common with startups run by the very naive.

Some guy comes in with a bunch of promises and, in return for agreeing to be CEO, grabs a huge chunk of the company. Then, he disappears to the next scam and does nothing for the previous company. The guys who hired him forgot to have a performance clause  in the contract canceling his ownership under these circumstances. Oh well. Now you are screwed. If you try to build the company, you can't because you don't have more shares to negotiate with.
Permalink Practical Economist 
March 26th, 2007 6:16pm
That whole thread of events did seem quite clumsy. In my interactions with him he has been wonderful and horrible. Maybe this is just another manifestation of that duality.
Permalink son of parnas 
March 27th, 2007 11:36am

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