Sonic Blue fires CEO (maker of RePlay Tv)

[Richard King]

http://apnews.excite.com/article/20020809/D7LA37JG2.html
Fired because he insisted all loans to officers be paid back. They refused, he went public, they fired him.

[James_F]

Well at least he won't be around when they go bankrupt... :D

[rmassey]

yeah, what is up with this trend....
"let's loan the CEO X Million $ and then 'forgive' the loan.....

This has happened in the last two companies I work for, yes one was that really Big Telcom you might have heard about.....

... wish someone would loan me a few mil and then 'forgive' me