Legal Question in Business Law in Texas

Corporate

I have a business partner he and I recently hired a CEO without a contract - he is now trying to wrestle the company away from me with threats and my business partner is in the middle. This man has sued other companies and threatened to bring down my firm if he even smelled litigation


Asked on 3/13/09, 1:16 pm

5 Answers from Attorneys
James Grissom Law Office of James P. Grissom

Re: Corporate

sounds like you picked the wrong guy. The bad thing is that with his experience, he probably knows how to manipulate you and the system to your great disadvantage. I would advise you to get a lawyer and be prepared to pay the price to keep your company. Must be a good deal or he would not want to steal it. Good Luck.

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Answered on 3/13/09, 1:21 pm
Johm Smith tom's

Re: Corporate

I agree with Mr. Grissom. You will definitely need a good attorney. We have an office in Austin, but you may want someone closer.

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Answered on 3/13/09, 1:53 pm

Re: Corporate

How is the CEO compensated? Did you give this person stock? Salary? How is he trying to take over the company?

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Answered on 3/13/09, 2:24 pm
Eddy De Los Santos Spain Hastings Ward Carey & Chambers

Re: Corporate

It is time to contact an attorney to protect your interest. Let us know if we can provide assistance.

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Answered on 3/13/09, 3:41 pm
Edgardo Baez The Baez Law Firm, P.C.

Re: Corporate

Is it a publicly traded company? How is the CEO supposed to be compensated?

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Answered on 3/13/09, 4:46 pm


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