Latest Y2K Update
Is It Possible for iWon.com to Make Money?

Former CMGI Suing for Stock

News You Could Do Without

from the oh-get-over-it dept

Tue, Dec 28th 1999 12:14pm — Mike Masnick
Neil Braun, who CMGI brought on to help create and build their iCast company, and was later fired, is now suing CMGI for stock options he says are owed to him. I'm not sure what the terms of the deal were, but it is pretty standard that these sorts of things vest over time, and if he got fired, than there's a good chance that he shouldn't be getting options. Isn't it a great world when people expect to be paid millions for doing a bad job?
1 Comment

If you liked this post, you may also be interested in...

Reader Comments

Subscribe: RSS

View by: Time | Thread


  1. identicon
    Anonymous Coward, 28 Dec 1999 @ 12:34pm

    A bad job?

    Hey, I know a gent who was promised a %age of the company (one verbal, the other in writing) for being a founder who didn't get what they were promised and have to sue to get what they feel they deserve.

    Think of it this way:
    A contract is a divorce document. If everying goes the way it should, there is no need ofr the contract. If they don't go well, then a court is the final way the contract is intereperated.

    Odds are this gent won't get much...most of the money will go to the lawyer(s),

    [ link to this | view in thread ]


Latest Y2K Update
Is It Possible for iWon.com to Make Money?
Follow Techdirt
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Discord

The latest chatter on the Techdirt Insider Discord channel...

Loading...
Recent Stories

Friday

19:39 Important Announcement: Techdirt Is Migrating To A New Platform (0)
More arrow

This site, like most other sites on the web, uses cookies. For more information, see our privacy policy. Got it
Close

Email This

This feature is only available to registered users. Register or sign in to use it.