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Former MLB all-star turned options pundit Lenny Dykstra has been let go by TheStreet.com (NASDAQ: TSCM). The New York Post reports that "Dykstra's column revolved around a thrice per week electronic subscription newsletter that netted Dykstra close to $1 million a year."That aside, it's been a tough run for Dykstra. Forbes speculated that Dykstra wasn't coming up with his own trading ideas back in June. His wife filed for divorce on April 16th, his mansion has a property tax lien on it, and former employees have accused him of not paying them. Last month Luxist reported that his home was facing foreclosure. His planned magazine "The Players Club" never got off the ground and, oh yeah -- he was named in The Mitchell Report as a suspected user of steroids during his playing days.
In March, the New York Daily News reported on allegations of racist, homophobic, and sexist conduct on Mr. Dykstra's part at his company. A GQ piece titled You Think Your Job Sucks? Try Working for Lenny Dysktra added to the unflattering public image.
I've written in the past that giving Dykstra a column raised serious questions about the journalistic integrity of TheStreet.com. In a written statement, the site's editor in chief David Morrow said that "TheStreet.com would like to thank Lenny Dykstra for his efforts over the past several years. He has been a solid contributor and we wish him well in all his future endeavors."
In other awkward news for TheStreet.com, the company disclosed in an 8-K filed on Wednesday that CFO Eric Ashman had handed in his resignation "in order to pursue other business interests."
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