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CEOs of crashed tech upstart Bitwise accused of swindling $100M from investors - Duo paid themselves $600K salaries as the cupboard was emptying (www.theregister.com)

submitted 10 months ago by [email protected] to c/[email protected]

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CEOs of crashed tech upstart Bitwise accused of swindling $100M from investors - Duo paid themselves $600K salaries as the cupboard was emptying::Duo paid themselves $600K salaries as the cupboard was emptying

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[–] [email protected] 5 points 10 months ago (1 children)

Boardroom:

people will like coming into the office if we create a fun atmosphere
like a party!
we can't have an actual party
ok, how about a DJ

HR, legal, and so on: they can go in the parking lot.

Weeks later an admin is told to book a DJ, I don't care what it costs but they have to work in the parking lot.

DJ has to be set up in the parking lot but will only do it if they can be there all day otherwise too much set up and take down.

Ok, if they have to be here I want them playing all the time. Otherwise, we are wasting money.

Contract shows up with "daily, renewed every month unless 30 days written notice."

And so on.

[–] [email protected] 2 points 10 months ago

Absolute legend