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Motorola sued for wrongful termination by employee it praised

What can happen in a 16-day span? Well, according to Motorola (NYSE: MOT), a former employee -- whom the the firm "appreciated" -- can become a former employee who may have failed "to substantially perform duties," engaged in dishonesty, "gross misconduct," and breached "one or more restrictive covenants." (These are definitions for cause, not actual reasons cited by MOT for Liska's departure.) According to this Wall Street Journal article, former MOT chief financial officer Paul Liska filed a wrongful termination suit against the cellphone producer on February 20.

Yesterday, Liska expressed surprise in realizing that his termination was assigned cause. When MOT reported earnings (actually, a lack thereof) early in February, it stated that Liska was being replaced because the firm was delaying the spinoff of its cellphone unit. The firm's co-CEO actually praised Liska, noting "He did a lot of good work here." However, a recent SEC filing brought to light the fact that MOT asked Liska to repay a $400,000 cash signing bonus on February 19, noting that he was "involuntarily terminated for cause."

Continue reading Motorola sued for wrongful termination by employee it praised

Is Ticketmaster fleecing its customers, or is Leonard Cohen that popular?

Ticketmaster (NASDAQ: TKTM) finds itself on the end of new allegations that it is fleecing customers, thanks to a Leonard Cohen show -- yes, Leonard Cohen. Back in February, the company announced a merger with Live Nation in a $2.5 billion deal to create the nation's largest ticket provider. This deal prompted quite a bit of speculation on monopolies, along with some disdain for the involved companies.

It seemed that Ticketmaster had fallen out of the public eye for a while, although people still complain about the 40% surcharge to purchase tickets. Enter Leonard Cohen. Two different articles surfaced this week, one from Canada and one from Los Angeles, complaining about the company's business practices stemming from ticket sales for Leonard Cohen shows.

Continue reading Is Ticketmaster fleecing its customers, or is Leonard Cohen that popular?

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Last updated: May 28, 2012: 12:23 PM

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