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What happened to these executives?
by 131012 8y ago
What happened to these executives?
- User23 8y agoThey got rich. VCs are very rarely willing to sue or press charges. The most egregious behavior I saw was at a VOIP startup where after being fired the executives stole the switching hardware from the data centers and started a new VOIP startup almost immediately. This is the problem with control frauds and executive malfeasance. While it's negative sum as a whole, it's a sure thing for crooked executives which makes it highly tempting in an environment where there is no real risk of meaningful repercussions.