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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.""

2 of 221 comments (clear)

  1. Need I say it. by catwh0re · · Score: 0, Redundant
    Enron, Global Crossing (and sub IXNET), (One.Tel for the AU audience), WorldCom, Andersons....

    Pretty smart that they are getting into the truth early.

  2. related article at cnet by edrugtrader · · Score: 1, Redundant

    New Sonicblue CEO defends loans

    --
    MARIJUANA, SHROOMS, X: ONLINE?! - E