3 08, 2012

OnMobile’s Fall From Grace: A CEO Greed Story

By |August 3rd, 2012|Categories: OnMobile|2 Comments

Forbes has an excellent article on what went wrong at OnMobile. It was a certain Mr. Arvind Rao, it seems.

On November 23, 2010, Arvind Rao, the 53-year-old co-founder and CEO of OnMobile, bought approximately 6 lakh shares of his company from the open market, representing a little over 1 percent of the company’s total shares. Rao already owned over 10 percent of the company’s […]

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