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.

Forums › 2degrees › The shoot out the 2 Degrees corral gets Tex between the eyes


1244 posts

Uber Geek
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
899 posts

Ultimate Geek
  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
43665 posts

Uber Geek

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.





Mauricio Freitas (Geekzone Admin, Devil's Advocate, my blog, technology disclosure, my tweets, Web Performance Optimization) 

Geekzone Price comparison | Amazon Kindle order page | How to get the best out of Geekzone | New Zealand IT Jobs | Geekzone News | Jinglebugs 

3602 posts

Uber Geek
  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.


1935 posts

Uber Geek

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
2990 posts

Uber Geek

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

142 posts

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

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

16699 posts

Uber Geek

Moderator
Trusted
Biddle Corp
Subscriber
  Reply # 695943 4-Oct-2012 09:07 Send private message

Good on Tex!




*Need help configuring your Linksys ATA or IP Phones for New Zealand? Check my blog post

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 new jobs are posted to our jobs board:



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




News »
Android and iOS combine for 92.3% of all smartphone OS shipment in the first 2013 quarter
Posted 17-May-2013 08:38

Apple’s App Store marks 50 billionth download
Posted 17-May-2013 08:25

Gen-i divests Davanti Consulting through management buyout
Posted 16-May-2013 14:02

Huawei G510 bring big-screen mobile entertainment for Android users
Posted 16-May-2013 11:49

BlackBerry BBM goes multiplatform: iOS and Android versions
Posted 15-May-2013 11:28

BlackBerry introduces BlackBerry 10 QWERTY smartphone
Posted 15-May-2013 09:32


Trending now »
Hot discussions in our forums right now:

A reason not to shop at dick smith
Created by dsnz1, last reply by AKLWestie on 17-May-2013 22:45 (82 replies)
Pages... 4 5 6

A new project coming to Geekzone
Created by freitasm, last reply by plambrechtsen on 19-May-2013 21:49 (199 replies)
Pages... 12 13 14

HTC One (2013) owners' discussion
Created by Dingbatt, last reply by Finch on 19-May-2013 22:02 (1441 replies)
Pages... 95 96 97

Track my Phone, Car, how to best do it in .nz?
Created by DonGould, last reply by sonyxperiageek on 19-May-2013 22:24 (15 replies)

Sitting on a boring conference call
Created by SaltyNZ, last reply by SepticSceptic on 17-May-2013 16:52 (14 replies)

Samsung Galaxy SIII Discussion and Owners Thread
Created by networkn, last reply by Johnk on 19-May-2013 16:32 (5523 replies)
Pages... 367 368 369

Chorus is cutting the cost of VDSL to service providers from June 7
Created by maxzzz, last reply by Zeon on 19-May-2013 19:40 (46 replies)
Pages... 2 3 4

Office 365 service outage 2013-05-18
Created by freitasm, last reply by nitrotech on 19-May-2013 18:58 (18 replies)
Pages... 2


Geekzone Jobs »
Most recent NZ jobs in technology:

Exciting Intern Opportunity
Posted 19-May-2013 20:27

Business Analyst
Posted 19-May-2013 18:27

Senior Business Analyst
Posted 19-May-2013 18:27

Senior Business Analyst
Posted 19-May-2013 18:27

Project Coordinator, Reputable Company, Career Pro
Posted 19-May-2013 18:27

Change Manager - Large Financial Services Organiza
Posted 19-May-2013 18:27

Software Developer - Join a market leading company
Posted 19-May-2013 18:27


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

Updates »
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.