Tuesday, March 29, 2011

Deadpool update: HRT sinking?

Motorsport.com is reporting HRT in 'major financial trouble':
"People with half a brain can understand what is going on," the source is quoted as saying. "We engineers have gone unpaid for two months.

"Five engineers have quit already," he revealed.
When you are not paying the staff, and the staff is noticing that they are not getting paid, you are in trouble. For most startups, this is where the end happens -- worthless options are snowblown at the remaining staff in liu of of real money. However the operation is usually running on fumes and the end is merely days away.