[kimoajax]

There is tangetial data that supports the notion that perhaps Jack and Gross were working a bit more in tandem than you might think when you see the number of former GE folks that went to work for Idealab, particularly the movemnet of GE fleet people to Idealab's Carsdirect operation. Don't know where it leads or what it says, but it is a curious fact.

[kcvl]

an email that Goodstein sent Gross right after they raised the $1 billion that's being contested. In it, Goodstein writes, "we are running out of cash. At your current deal rate, we're not running, we're hemmorrhage [sic], I can't even think of words strong enough to express how fast we are going broke." They've also turned up the fact that Gross defaulted on a $50 million personal loan, and needs to keep the company running in order to pay that off without declaring personal bankruptcy. They also suggest that's the reason Gross has seen his salary triple to $766,000 over the past two years, despite the fact that Idealab has pretty much collapsed during that time.

January 16th, 2003

[aShepard]

Calling Jane Welsh, please pick up the red courtsey phone, there's some more money that he left on the table.

[American Soldier]

A couple years ago wasn't Welch supposed to have been one of the straightest arrows in corporate America?