Quote:
Originally Posted by kane
What amazes me is that a person can run a business into the ground, screw a lot of people over the move forward with seemingly no repercussions. Yet if a person gets pissed and walks out on a job that bad reference could haunt them for years.
There is a book called Boo Hoo it is about the rise and fall of the website boo.com. The guys that started it got around 135 million to start the site. It ran for a while then collapsed and went out of business. When it went out of business there were a lot of people who were owed money and never got paid for the work they had done and yet the owners of the company move happily on and start working on their next venture with no worries.
I wonder. Say Epass eventually ends up screwing a bunch of people over. I wonder if those who stood to lose enough money that it was worth hiring a lawyer all sued him if they could get their money back. Somehow I have feeling there is some small print in the terms of the site that lets him off the hook.
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In response to your last paragraph...I would say no way...unless it could be proven he personally did something illegal that caused the failure of Epass. Usually businesses are set up so that the owner is protected from personal liability upon the failure of the business and also they are set up so that if an owner has multiple business entities...the failure of one does not make the others liable for the singular failure.