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This could be something akin to breach of fiduciary duty or self-dealing [1]. And if you have any record of the agreement that you're to have the same salary, t
by deogeo 7y ago
This could be something akin to breach of fiduciary duty or self-dealing [1]. And if you have any record of the agreement that you're to have the same salary, that could potentially carry some legal weight. Note that I have no experience in law - you should get advice from a professional. I'm sure an hour's chat to see if there's a chance at legal restitution, before going all in, would not be too expensive.
But you probably only want to use the law as a bargaining chip to get him to voluntarily reduce his salary - co-founders locked in a legal battle with each-other are sure to sink the startup.
[1] https://en.wikipedia.org/wiki/Self-dealing https://en.wikipedia.org/wiki/Self-dealing
- throwaway2019XX 7y agoThanks for this link. It's clear to me that several actions taken are a breach of fiduciary, but I had not read about self-dealing which does appear to be happening here based on some other details that I have not mentioned.