Looks like we have to be nice

Our offer to a new sales candidate was accepted; he starts in two weeks. We had to move quick to get rid of our current sales director and negotiate her final commission payment. She is claiming (or will claim) that we owe her for sales generated from house accounts. Of course we disagree as we developed these accounts long before she showed up. We'll try to negotiate a compromise. We can give her access to her email and phone to facilitate a new position. In exchange, we want a favorable agreement on the commissions. Either way, it should be an interesting meeting; she is going to be blind-sided by this.

In other news...

We have to add two new directors to our board in order to appoint our new CEO. This shouldn't be a problem once we give all our available cash to our lawyer.

One of our founders recently quit due to mounting family pressure and the prospect of a steady, competitive paycheck. It wasn't the most amicable of exits as he wasn't comfortable just telling us he got another job he had to snoop around in the company accounting records looking for dirt. Of course he found some. He was under the impression that all of the founders, regardless of their position, were making the same salary. Once he found the confidential financial documents that stated otherwise, he pretended to be upset. He called a meeting with me and the finance guy and started with the words "I'm DONE". After which there wasn't much to say. Unfortunately, he took a sizeable block of shares with him. We were concerned that he could block some director level decisions. He was a great programmer, but not so great with decision making.

As it turns out the three remaining founders and our ersatz marketing guy have 50.3% of the company. Looks like we have to be nice to our marketing guy. Great.