Lifestyle / RadiumOne Says Goodbye To CEO Gurbaksh Chahal

RadiumOne Says Goodbye To CEO Gurbaksh Chahal

Lifestyle Apr 29, 2014

by Anokhi Admin

“Success is how high you bounce when you hit rock bottom” – Gurbaksh Singh Chahal posted on his recent blog.

On Aug 5, 2013, well-known, serial entrepreneur millionaire, Chahal was reported to have allegedly assaulted his girlfriend by hitting her 117 times within a period of less than a half an hour. Police were able to obtain video footage – after a 911 call was made – from the surveillance cameras set up across his penthouse apartment. It was the main source of evidence following which he was charged with a staggering 45 counts of felonies. Chahal has faced tremendous negative backlash ever since with people calling to boycott his current company, RadiumOne. It’s been a hot button topic for a number of weeks now as the story has gotten global attention both by media and the public.

Owing to the video surveillance having been illegally obtained (making it inadmissible in court as evidence) coupled with the alleged victim’s refusal to testify against him, Chahal did not face any jail time. In an interesting turn of events, despite a lack of chargeable evidence, two weeks ago, Chahal pleaded guilty to one count of battery and one count of domestic violence battery, with the remaining 43 charges dismissed. The verdict? A $500 fine, a three-year probation period, a 52-week domestic violence-training program, and 25 hours of community service.

After intense media backlash, RadiumOne’s Board of Directors asked for Chahal’s resignation which he refused. This decision came to him as an ugly shock, prompting a lash out against the board of directors on his blog in a post entitled “Can You Handle The Truth?”.

Chahal maintained his innocence in the post, claiming that he only decided to go with the plea bargain to not waste another year of his life going through trials, something that he says would ultimately have resulted in him being exonerated of all charges in any case, due to the case having no substance behind it. He went on to say that his board of directors happily supported the decision, as that would have meant progress for the company, even quoting an email from one of the directors that stated, “This will blow over very quickly and we focus on the IPO.”?? Under his leadership, RadiumOne was well on its way to raising $100 million in an upcoming IPO.

Chahal then took to blogging and tweets to explain his side of the story.

?Gurbaksh Chahal's tweets from his official page/ @gchahal

The intensity of the backlash spiked even further upward when Fortune magazine’s columnist, Dan Primack called for Chahal’s ouster, castigating the board for not taking action sooner. While that didn't go well with the board itself, Tech Crunch dropped RadiumOne as a sponsor of the popular Disrupt NY technology conference, and their senior editor, Leena Rao explained in an open letter why in their opinion, Chahal’s behaviour had become impossible to ignore.

On April 27, 2014, 11 days after he pleaded guilty, the board fired him as Chairman and CEO of the company he founded back in 2009.

“Whatever happened supporting your CEO during the tough times knowing the truth?” Chahal had questioned the board on his personal blog site reminding them of all the profit he has helped them attain in the past. The blog has since been removed from his site. ?

Bill Lonergan, RadiumOne’s new CEO has published a memo via Re/Code as a response to Chahal’s now deleted blog. In it, he said: “It became clear that Gurbaksh’s ability to lead the company had been severely compromised by the legal proceedings and ensuing developments.” Lonergan also stated that the email quoted by Chahal had been taken out of context and that it was only meant to dissuade him from speaking to the media any further, in an effort to avoid additional negative press. Chahal has been stripped of any executive authority and the company promises to move on with business seamlessly. RadiumOne claims that Chahal has no legal claim against it and hopes he will not proceed to attempt the same. ??

A company spokeswoman said Monday that neither they nor the company would add to their statement announcing Chahal’s replacement by former COO Bill Lonergan.

Has this story finally come to an end? Only time will tell.

_{Featured Image:i1.ytimg}

COMMENTS

Holi: The Festival Of Colours

How To Entertain Kids At An Indian Wedding

Gary Taxali's 'Unforget Me' Art Exhibition

Celebrating International Day of Happiness

Decoding The Girl Code

Choosing The Right Bulbs For Spring

RDB Legacy Still Running Strong

Ashid Bahl's 'For The Love Of Children' To Premiere In Toronto

Malaysian PM Announces Flight MH370 Crashed Into Indian Ocean

Springtime Wedding Mandap Inspirations

CBC Launches 'South Asian Mix' Free Radio Stream

Earth Hour: Use Your Power To Make A Difference

The Anamaya Body Mind & Spirit Resort

Tarot Reading: April 2014

Hotspot: Lake George Where Tranquility Rests

Outdoor Playtime Safety Tips For Your Kids

Anurag Kashyap's 'Ugly' To Open New York Indian Film Feastival

Top 6 Runner's Essentials

10 Job Terms You Must Know

'The World Before Her' Campaign To Release In India

Truth About Garcinia Cambodia

Celebrating National Poetry Month

Five Must-See Restaurants

Sri Lanka Wins World T20 Trophy

TCF Celebrates 1000 Schools & Beyond With Gala Fundraiser

Textile Industry Leader, Alok International Launches Flagship in NYC

How To Make The Right Choice For You

Superfan Nav Bhatia Titled Raptors Community Ambassador

The 14th Annual New York Indian Film Festival Kicks Off May 5

Japanese Wakame Salad Recipe

IPL Opens With Glittering Ceremony in Abu Dhabi

India Recognizes A 'Third Gender' Option

Easter DIY Projects

South Korean Ferry 'The Sewol' Sinks

Tips To Express Your Love On Mother's Day

Eco Friendly Brands Paving The Way For A Greener Earth

Rani Mukherjee Weds Aditya Chopra In Italy

Miss Universe Canada 2014 To Host 'Help Kids Smile Fundraiser'

Celebrate A Decade of Transforming Education In India.

Tips To Detox Your Home

Tarot Reading: May 2014

Rob Ford Admits To Substance Abuse, Announces Leave Of Absence

Sports World Takes A Stand Against Racism

International Hunt On For Kidnapped Nigerian Girls

Sandeep Sachdev's Top 5 Tips To Get a Bollywood Bod

Hot BBQ Accessories And Gadgets For Summer

5 Best Hiking Places In The World

Author Spotlight: Shyam Selvadurai

New York Indian Film Festival Wrap-Up

World Partnership Walk Marks 30th Anniversary

Summer Books To Bring Out The Artist In You

Summer Pet Care Tips

How To Overcome Being A Perfectionist

Wedding Cakes By Zehra Khan

India Elections: Modi-Led Government Sweeps With A Historic Win

South Asian Heritage Month Celebrated In North America

The Changing Face Of Indian Cricket Commentators

Top 4 Nightlife Hot Spots in Singapore

Canada Post Unveils Komagata Maru Stamp

Shreyas Yoga Retreat

Dental Hygiene Tips For Kids

Bollywood Dancer Raj Parmar Makes Ballet Debut

Maya Angelou Passes Away At Age 86

Jimmy Soni To Help Set Up Huffington Post In India

ZEE TV Awaaz Punjabi Achievers Awards 2014

Tips To Help Your Teen Have A Great Prom

Tarot Reading: June 2014

Falafel Burger & Tzatziki Recipe

Play Review: Singapore Repertory Theatre's The Merchant Of Venice

Knights Beat Kings With Second IPL Crown Win

Organic Food 101: Shopping Tips

Malavath Purna Becomes Youngest Female To Climb Mount Everest

International World Environment Day

2014 FIFA World Cup Fever Is Here!

Rafael Nadal Wins Unprecedented 9th French Open Title

Pakistani Taliban Claim Responsibility for Karachi Airport Attack

The Role Of A Father Figure

RadiumOne Says Goodbye To CEO Gurbaksh Chahal

by Anokhi Admin

“Success is how high you bounce when you hit rock bottom” – Gurbaksh Singh Chahal posted on his recent blog.

COMMENTS

YOU MAY ALSO LIKE