With little explanation in regard to its reasoning, RadiumOne, an online advertising company, ousted its CEO, Gurbaksh Chahal, over the weekend.
Chahal has made it clear in two blog posts, one posted Sunday
and another that went up on his blog Monday morning
, that he was fired over a guilty plea he entered last week to misdemeanor charges of battery and domestic violence.
In the Sunday post, he wrote:
I could have spent another year fighting the charges against me, which I truly wanted to do for my family’s sake. I would have prevailed in this fight because the allegations by police against me were overblown and grossly exaggerated. They made good press, but quite literally, they did not hold up in court.
In that post, he also states that “my temper got the better of me” and that an argument resulted from him discovering that “my girlfriend was having unprotected sex for money with other people
” (emphasis his). He said what followed was “a normal argument.”
Felony battery charges against Chahal were thrown out because the victim declined to work with investigators and video footage of the alleged incident was ruled inadmissible in court.
In his Monday blog post, Chahal named the five members of the RadiumOne board and said they were “ecstatic” with his decision to take a plea deal. He wrote that one of the board members, Robin Murray, advised him not to worry about social media chatter about the plea deal, and that it would all blow over.
Surprisingly enough, 48 hours later, the Internet continued to show its hateful nature and they called a special board meeting. In that special board meeting, they asked for my resignation as chairman and CEO, when I declined to do, they fired me. Even though, I only accepted this misdemeanor plea under their guidance. Is this what real entrepreneurism is about? Is this what venture capitalism is about? Not to forget, in my last startup I made these same individuals over 800% on their investment? Whatever happened to real ethics? What happened to integrity? Whatever happened supporting your CEO during the tough times knowing the truth? Or is just a fabrication of today’s society of greed at all costs.
The comments on the post, which uses a Facebook widget for comments, are about equally divided between support and intense criticism of Chahal’s ‘naivete’ and behavior.
[CONFERENCE: Corporate Communicators Conference June 9-11, Federal Reserve Bank of Chicago]
RadiumOne has had little to say about the ouster beyond its initial press release
What do you think PR Daily
readers? Should the company defend itself against Chahal’s defense?