Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.



1664 posts

Uber Geek
+1 received by user: 119


Topic # 105776 10-Jul-2012 14:58 Send private message

Looks like it is getting really ugly up in the rarefied air of 2Degrees senior management.....


"Simon "Tex" Edwards has failed to gain an injunction against the company's decision to disestablish his position as strategist with 2degrees.A decision by the Employment Relations Authority said it would hear substantive arguments from Edwards and 2degrees in August, but until then the company could go ahead with its plan to disestablish his position."

http://www.stuff.co.nz/business/industries/7254182/2degrees-founder-ousted-ahead-of-case

Create new topic
1006 posts

Uber Geek
+1 received by user: 42


  Reply # 655176 13-Jul-2012 16:44 Send private message

http://www.stuff.co.nz/business/industries/7275334/Edwards-wins-interim-injunction

2degrees co-founder Tex Edwards has secured an interim injunction from the Employment Court which prevents his job as company ''strategist'' from being disestablished today.




---
James Sleeman

My hobby - listing small amounts of interesting/useful hobby electronic components hardware and stuff on Trademe for cheap, all good geek stuff for the "maker" revolution ;-)

Tip for Trademe addicts: install an addon for your browser to get thumbs for all listings.

BDFL
49743 posts

Uber Geek
+1 received by user: 4523

Administrator
Trusted
Geekzone
Subscriber

  Reply # 695604 3-Oct-2012 16:06 Send private message

And the result:


2degrees co-founder Tex Edwards is set to receive over $1 million from 2degrees after the Employment Relations Authority ruled it had wrongly reduced his salary from $350,000 to $200,000 in 2008.

The authority ordered 2degrees make up the salary, plus interest, and pay Edwards compensation for backtracking on an agreement to offer him share options as part of an employee share option scheme, as well as a $4000 penalty.




5237 posts

Uber Geek
+1 received by user: 766


  Reply # 695652 3-Oct-2012 16:28 Send private message

ouch, so 2D is going to have to cough up close to $1m buckaroos for Tex.


2497 posts

Uber Geek
+1 received by user: 241

Trusted
Subscriber

  Reply # 695664 3-Oct-2012 16:40 Send private message

NonprayingMantis: ouch, so 2D is going to have to cough up close to $1m buckaroos for Tex.



Sounds fair.  They had a deal and tried to stuff him over.  It's what I'd expect to happen.

Awesome
3968 posts

Uber Geek
+1 received by user: 562

Trusted
Subscriber

  Reply # 695692 3-Oct-2012 17:06 Send private message

Plus stock options, which I read a worth 'considerably more' than the salary payments




Twitter: ajobbins

BTR

458 posts

Ultimate Geek
+1 received by user: 100


  Reply # 695924 4-Oct-2012 08:25 Send private message

So 1 dollar from every customer they have, ouch...

19611 posts

Uber Geek
+1 received by user: 1402

Moderator
Trusted
Biddle Corp
Subscriber

  Reply # 695943 4-Oct-2012 09:07 Send private message

Good on Tex!

Create new topic




Twitter »
Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:




News »

Trending now »
Hot discussions in our forums right now:

Windows 10 announced, as well as developer preview
Created by macuser, last reply by KiwiNZ on 2-Oct-2014 22:38 (119 replies)
Pages... 6 7 8


What time will the Apple Store online be selling the iPhone 6?
Created by scotiwis, last reply by james89 on 3-Oct-2014 01:38 (235 replies)
Pages... 14 15 16


Moment of Truth?
Created by BarTender, last reply by JimmyC on 29-Sep-2014 09:16 (441 replies)
Pages... 28 29 30


Can i have 2 ISP's at home?
Created by ReckITT, last reply by Lazarui on 30-Sep-2014 18:15 (49 replies)
Pages... 2 3 4


Samsung Galaxy S4
Created by beenz, last reply by fizzychicken on 2-Oct-2014 19:46 (21 replies)
Pages... 2


Why is your nickname what it is, what are the origins of it?
Created by Presso, last reply by Presso on 2-Oct-2014 20:12 (97 replies)
Pages... 5 6 7


Harvey Norman's Biggest Ever Retail Sale
Created by DravidDavid, last reply by Dunnersfella on 2-Oct-2014 22:32 (33 replies)
Pages... 2 3


Easiest way to have iPhone warranty service
Created by JoshWright, last reply by nitrotech on 30-Sep-2014 21:37 (15 replies)


Geekzone Live »
Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.

Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.