Stefan Boyd, former CFO of Just Salad, asserts he is owed $1.2 million for exceeding performance benchmarks in a lawsuit filed blaming the company for negating payment on technical grounds. Boyd's innovative capital raise strategies boosted the company's valuation to $1 billion, yet Just Salad cited technicalities to dispute compensation. After accepting a pay cut during the pandemic, Boyd's relationship with founder Nick Kenner soured, leading to his departure and a lawsuit seeking unpaid wages and additional damages, highlighting concerns about fair reward for corporate success.
"Just Salad has adopted an absurd position... because the value he created was too great; he did his job too well; the foundation he built was too strong."
"Those shares were to be paid out following a new valuation, which Boyd expected to be 'substantial'; seeing the company had doubled its workforce in 2022."
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