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Shake-up At SonicBlue

Posted by ryuzaki0 on from the battle-to-the-financial-finish dept.

InfoMinister writes "Good story at SiliconValley.com. The lead tells the tale: "In a boardroom drama rivaling its courtroom battle with Hollywood, SonicBlue's chairman and chief executive, Kenneth Potashner, was ousted Thursday after he demanded board members repay more than a half million dollars in loans they gave themselves to buy stock in an affiliated company.""

3 of 221 comments (clear)

  1. Board position opening.... by longduckdong · · Score: 3, Funny

    Wanted: Someone to fill empty board seat at highly motivated company

    Qualification:The perfect candidate will have no moral values what-so-ever. He (and I suppose she if one actually applies) will not have an honest bone in his (or her) body. Must be willing to disappear when the government catches wind of what we're up to. Candidate should think they are above the law.

    Note: Former Enron executives a plus.

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    -- Knuckle Blood : Official Lube of Team Rusty Nuts.
  2. Re:SonicBlue 3dfx Connection by the+way,+what're+you · · Score: 4, Funny

    But if I pull out, I'll get SonicBlueBalls!

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    example.org - powered by Linux!
  3. Re:just wanna know one thing... by EvilMagnus · · Score: 2, Funny
    I don't know - it is a $100,000 pencil.

    My associates at Vulture Capitalists would like to be $1milllion angel investors in your pencil plan. We envision a b2b synergy in a vertical market with excellent cross-selling opportunities. Our revenue stream of 10c on the dollar guarantees us a stunning IPO...

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    -EvilMagnus