Re:“A tale of lies and deceit” – GrabGas CTO let go by founders
by lazyconfab on Friday August 26, 2016 @10:20AM
(#12366439)
Unless you have a large pot of money to spend on litigation (or the amount of the contract falls inside the limit for small claims), all contracts amount to trust. The cost of fighting a legal battle is enormous, and mid-sized to large businesses can fight battles of attrition in court.
Re:“A tale of lies and deceit” – GrabGas CTO let go by founders
by hga on Friday August 26, 2016 @10:37AM
(#12366562)
Indeed, unless substantial amounts of money from a client who can pay are involved (think Brian Reid (!) who was let go from Google 9 days before their IPO because he was too old: https://en.wikipedia.org/wiki/Brian_Reid_(computer_scientist... ), contracts only serve to memorialize decision and promises, they help avoid "but I thought you meant X" retrospective flaky human memory.
Re:“A tale of lies and deceit” – GrabGas CTO let go by founders
by Hydraulix989 on Saturday August 27, 2016 @12:51AM
(#12371061)
Settled out of court for undisclosed terms? Sounds like Reid really made out well then?
Re:“A tale of lies and deceit” – GrabGas CTO let go by founders
by hga on Saturday August 27, 2016 @05:35AM
(#12371696)
That's my impression.
The optics were horrible, it sounds like he had a fairly strong case, and for those of us who knew of him starting from his works like Scribe way way back when, well, we're inclined to believe his story.
All we know is that Google made an offer he and his lawyer chose not to refuse, but as long as they thought they were going to win in court before a jury and all that, it had to have been generous, although I'd imagine it wasn't as generous as his original ability to to participate in the IPO and beyond.
Re:“A tale of lies and deceit” – GrabGas CTO let go by founders
by caretStick on Friday August 26, 2016 @08:59PM
(#12370350)
They can lie about having the means to fulfill the contract or any basis to pay damages etc. CEO is a good job to lie from. You can always complain that your employees should have made you filthy rich so that you could fulfill your promises.
One reason I quit was that all of the mounting promises were predicated on me in the end. If that's true, go alone instead of giving yourself bread through a middle-man.
Learning to navigate human interaction in business (and make no mistake, a employee/employer relationship is a business transaction) is a skill needed in any industry. These kinds of things are not new, in this industry or any other.