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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

NEW LAWSUIT AGAINST ROBERT BRAZELL CLAIMS FRAUDULENT INDUCEMENT FOR STATEMENTS MADE ABOUT PRIOR ROLE

Robert Brazell has been sued by Mr. John Allen, a former investor in IBN who claims to have been fraudulently induced to invest by misleading claims Mr. Brazell made about his education and role in taking Overstock.com public.

Mr. Allen claims that he met personally with Robert Brazell in the last half of 2007 where Mr. Brazell discussed the opportunity to invest in In-Store Broadcasting Network. As part of this solicitation, Mr. Allen claims that Robert Brazell represented that he was a graduate of the business school at the University of Utah, and that Mr. Brazell represented that he had taken Overstock.com public as the CEO. Mr. Allen continues that both of these statements were important and material in his decision to invest in IBN.

 

ROBERT BRAZELL'S EDUCATION

Although Robert Brazell states on his LinkedIn profile "Education - University of Utah," and his Wikipedia page that "He graduated from the University of Utah, earning a bachelor's degree in business administration, a certificate from DegreeVerify states "No Degree - Enrollment Only." Dates of Attendance: March 1984 to June 1985. More here.

 

ROBERT BRAZELL's ROLE AT OVERSTOCK.COM

There has been substantial controversy in regard to Robert Brazell's role at Overstock.com, or as Patrick Byrne (the current CEO) has stated, that it is inaccurate to say that Rob Brazell was ever the CEO of Overstock.com, but that he was the CEO of a failed company that was bought out of receivership that eventually became Overstock.com. More here.

 

Whether Robert Brazell was fired by Byrne or resigned, it seems that Mr. Brazell negotiated an 18 month Separation Agreement beginning on October 1, 1999. That agreement would have concluded in April of 2001. Overstock.com did not go public until May of 2002, making it impossible for Mr. Brazell to have led the company through a successful IPO. More here.

 

Other investors have stated that they would not have invested in In-Store Broadcasting had they known that Robert Brazell had not taken Overstock.com public.

 

Robert Brazell denies all allogations.

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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