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THE WORST BUSINESS CEOS IN AMERICA
Mired in financial and legal trouble, Talos Partners CEO, Robert V. Brazell tops our list
NEWS TO HELP INVESTORS AVOID TAKING A BEATING
TALOS CFO SUES ROB BRAZELL, FORMER SENATOR ROBERT W. KASTEN AND OTHERS FOR BREACH OF CONTRACT AND FRAUD IN THE INDUCEMENT—TALOS SETTLES, BREACHES, THEN SETTLES
It seems that investors are not the only ones getting the short end of the stick with Robert Brazell (aka Rob Brazell), and his "diversely accomplished group of business and government leaders" (taken from his Wiki page) at Talos Partners.
According to documents filed in the Fourth Judicial District Court Utah County, State of Utah (Provo Division), former CFO, Mark Oleksik sued Rob Brazell, former senator Robert W. Kasten and Von H. Whitby for breach of contract and fraud in the inducement.
Talos Partners entered into a Resignation Agreement with Oleksik that provided him a bonus payment and salary for services as CFO. An additional condition of the agreement was that Oleksik would sign an affidavit for Brazell and Talos Partners in unrelated litigation.
Not surprisingly, despite Oleksik performing all assigned and expected tasks, Rob Brazell and Talos Parnters refused to pay Oleksik's salary as required.
It is noted in the complaint that "Brazell instructed Oleksik's supervisor at Talos Partners by means of an email, to not pay Oleksik's salary through the end of his term."
The Fraud in the Inducement charge is due to Rob Brazell and other Partners promising Oleksik a salary "in order to induce him to sign the Resignation Agreement, The No Compete Agreement and an affidavit Brazell needed in the unrelated litigation."
It is noted that "Brazell's actions were intentional, reckless, and made with the intent to harm Oleksik.
Mark Oleksik was seeking over $700,000 in wages, damages, expenses and breach of contract.
Updates indicate that Rob Brazell, former senator Robert Kasten and others settled with their former CFO, then promptly breached that agreement forcing an additional lawsuit that was ultimately settled. Details to follow when available.
Forbes says a CEO should above all protect investor share value
Robert V. Brazell tops our list of small business CEOs that fails time and again to provide returns, while living high off investor's money. Now mired in legal and financial trouble, the truth about Rob Brazell is finally reaching the market where potential investors can make better and more informed decisions before putting their money at risk.
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