Thursday, April 29, 2010

Overland overreaches fiduciary duties

There was a mass exodus of top talent from Overland after founder Arve Overland admitted to siphoning staff 401k funds for other "business operations" uses. Quite a few echoes in the hallways over there.

Rumor has it now defunct agency YRG got sued…

Rumor has it now defunct agency YRG got sued by Director Building management company for unpaid lease bills. The suit came after YRG's president was ousted by the BOD for questionable fraternization w/ junior blonde staffers. But before junior blonde staffer was ousted by her subsequent agency employer LKP for questionable fraternization with married co-workers.

Sunday, April 25, 2010

Saltmine's Chaper 7 is a ruse - CEO hijacked the portfolio and re-formed firm as Minebrain to skirt debts

While Saltmine has a long legacy in of stiffing northwest contractors over the years, the agency's name was taken to new lows recentyl when the owner stopped paying the rent, and then missed payroll for his Portland and Bellevue staff prior to filing for bankruptcy protection. The reported $13.6M in outstanding debts is owed to variety of vendors, staff, and 1099 contractors… some of those same staff whom were fired AFTER they had not been paid for sometime.

To add insult to injury, rumor has it the company has reformed under a new name: Minebrain. Based on this thread... they not only show Saltmine's creative (some created previous to the 2008 acquisition) on their website, they even took the UI that the Saltmine team had developed for there next site refresh. ouch.


It has also come to light that 2 years prior to purchasing Saltmine, PK Samal had vindictively sabotaged a previous client's website over a disputed $2,400 contract. I guess he does know how it feels to get stiffed.

rumor has it, CMD's work for Intel Retail Edge leaked Apple's Core i5 Macbook Pro a few months early

http://gizmodo.com/5447089/intel-promotion-leaks-core-i5-macbook-pro-update

Screen shot 2010-04-25 at 4.03.36 PM.png