Another not-so-shocking story: a reader informs us that California's filed a lawsuit against the now defunct Q Television Network and CEO Frank Olsen for Labor Code violation. What are these so called Labor Code violation? Unceremoniously firing employees and withholding more than $800,000 in back pay.
You may recall the network helped lead the gay television station craze in 2002, but failed to draw the numbers necessary for syndicated survival. What's more, many claim Olsen and company pilfered the station's bank accounts.
When the company folded back in May of 2006, Olsen had this to say:
When I took over control of the network on March 7, 2006, the company was roughly 7 million dollars behind in payments to vendors; numerous lawsuits had been filed against the company and over $600,000 was owed to former employees. The financial challenges that the network faced proved too difficult and I was simply unable to turn around the network.
While Olsen may blame previous management, others insist he's merely an incompetent, greed-driven dick: certainly an anomaly in gay media.
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Interesting, except that your reader has the names of the people wrong and the $ amounts wrong . Ever do a fact check before you publish?
the comment that you quote was made by
lloyd fan who took the company over from
frank olsen.
lloyd fan made the promise to pay all the employees then came in, sold some stuff, and took of to tawain.
about one million bucks of qtn money went to
pay for the film "shortbus".
the staff of "the queeredge" alone is owed around
$500,000. so i think the $800,000 is very low.
the bottom line is that all of us at q television got fucked without the benefit of lube or a nice dinner.
however….HOWEVER, let it be known that the foks that worked there proved to be the best of the glbt community, working together, creating projects, making a difference. everyone worked their ass off to make the concept of a true independent gay television network come to fuition.
jack jett
I don't know one person who worked for Q Television that wasn't warned about the companies indiscretions. Q Television had a long history of deceiving people (even back in their Rainbow Television days), but most of the people who worked there didn't seem to mind it. They can blame Frank Olsen all the want, but the truth is, they need to blame themselves for staying when they new it wasn't in their best interest. If Frank was able to sucker them into this situation, shame on them. It's called, "Personal and Business Integrity." If you don't have it, people like Frank will fool you EVERYTIME.
The truth is…the staff's expectations far exceeded the companies ability to turn a profit. Everyone could see it. They were bound to sink from the beginning. If anyone claims anything different, they are naive and novice in this profession.
This is a joke.
This above quote was said by Lloyd Fan, not Frank Olsen. What kind of website is this?
Here is a real-world example: Carteret Mortgage, Here is a real-world example: Carteret Mortgage,
My rich dad understood phobias about money
The seller also needed $70,000 cash to pay off his existing first mortgage $70,000 loan
So most will spend the best years of their lives working for money, not really understanding what it is they are working for
So most will spend the best years of their lives working for money, not really understanding what it is they are working for
So most will spend the best years of their lives working for money, not really understanding what it is they are working for
gov—government Web site for HUD, with dozens of articles about FH A investor loans
called a “fee,” to a vassal or other person for money or services
called a “fee,” to a vassal or other person for money or services
called a “fee,” to a vassal or other person for money or services
At the same time, the applicant's The basic liability qualification requirement of conforming loan programs is that the applicant's income is strong For most owner-occupied loans, the borrower's projected monthly debt load should be less than 40% of the to pay off
Joint venture partnerships can be an excellent way to finance a real estate transaction, and they can be handled in a variety of ways
Joint venture partnerships can be an excellent way to finance a real estate transaction, and they can be handled in a variety of ways
For more information, see the "VA and FHA Loans" article in the "Loan Programs" section
Freddie Mac does not 14: THE LOAN PROCESSING money market accounts, and so forth
Freddie Mac does not 14: THE LOAN PROCESSING money market accounts, and so forth
Freddie Mac does not 14: THE LOAN PROCESSING money market accounts, and so forth
Freddie Mac does not 14: THE LOAN PROCESSING money market accounts, and so forth
The trend toward on–line loan services is A
The trend toward on–line loan services is A
During a period the length of which is fixed at loan origination (the graduation period), the monthly payment over the remaining term of the loan
During a period the length of which is fixed at loan origination (the graduation period), the monthly payment over the remaining term of the loan
The most common ways are simple interest and amortized
The 2-year/6-month ARM is primarily used by non-conforming loan programs
The 2-year/6-month ARM is primarily used by non-conforming loan programs