According to reports on August 5, Celsius withdrew its motion to rehire former CFO Rod Bolger as a consultant. Court submission.
The company reportedly wanted to rehire Bolger as an advisor for at least six weeks. However, Keith Sackno, one of Celsius’ investors, opposed the proposal.
According to Celsius, Bolger’s experience in business could help him navigate the murky waters of the bankruptcy process. Suckno disagrees, arguing the troubled lenders didn’t provide enough information about why the former CFO was needed when other employees could fill the same role.
CNBC report said Bolger was technically still an employee of Celsius and was still on the company’s payroll. That means he will remain an employee until his August 30th.
It is unclear if Bolger was getting doubled in Celsius as he earned a base salary of $62,500 a month as an employee, but the company’s motion to rehire him would have paid him $92,000 a month as a consultant. I wanted to pay.
Customers other than Suckno also objected to the decision to rehire Bolger.judge in charge of a case Received over 100 letters From angry and tired customers.lawyer explained The decision to rehire him as an example of “Celsius’ level of callous indifference to his customers”.
The troubled cryptocurrency company has recently faced several other challenges, including a recent data breach and a class action lawsuit in the US.
