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|Wednesday, July 09, 2014|
BY LINDA BAKER | OB EDITOR
Scott Kveton, the CEO of Urban Airship, is taking a leave of absence from the company, effective immediately, the Portland Business Journal reported yesterday. An article published in the Oregonian last week stated Kveton is under investigation for allegedly sexually assaulting a former girlfriend.
As the story continues to unfold, here’s my perspective on a few of the key players:
The Oregonian: The O's original article was so salacious that of course I devoured every word. But by the end of the story my professional instincts kicked in. The entire article could have been distilled to one or two sentences, something along the lines of: “Scott Kveton, CEO of fast- growing mobile app startup Urban Airship, is under investigation for sexual assault.” The rest was gratuitous detail.
The Oregonian, of course, has been burned repeatedly on sexual assault stories, getting scooped on the Bob Packwood and Neil Goldschmidt scandals. And one could argue that Kveton is a quasi public figure, a symbol of Portland's booming software economy. The fact remains that the story was utterly sensational — and something of a hatchet job since Kveton has yet to be arrested, much less convicted.
Urban Airship: After the Oregonian story was published, the company released a statement that the investigation was a personal matter for Kveton. That messaging changed yesterday, when Urban Airship announced that new chief financial officer, Mike Temple, will take over as interim CEO. In a letter to employees, Kveton also revealed that he had been planning to exit the company for several months and said that a search for a new CEO has been underway for "a few weeks," the Portland Business Journal reported.
Although the situation can't be pleasant for Urban Airship’s 164 employees, the company will likely survive these allegations unscathed. Urban Airship attracted $46 million in venture funding this last year alone...from the likes of True Ventures, The Foundry Group and August Capital, plus investments from Intel and Verizon.
Portland’s tech community: Kveton is the second Portland tech executive to face sexual assault allegations in the past year. Whether this will be a wake up call for the city’s young, brash and male-dominated software leadership remains to be seen.
It may also be a wake up call for civic boosters. To be sure, software companies are creating jobs, investing in the local economy and revitalizing the urban landscape.
But as tech companies become an increasingly powerful force, Portland business and government leaders should pay attention to the protests targeting software companies in San Francisco, where tech executives, and their employees, are viewed as arrogant, entitled - and destroyers of the community fabric. See Nathan Heller's latest New Yorker article: San Francisco vs the Tech Industry: The tech industry made the Bay Area rich. Why do so many residents hate it?
Scott Kveton: Stories about powerful men and sexual assault invariably have the same ending. And Kveton will likely rise from the ashes, no matter what the outcome. Still, his story begs a more literary interpretation. Five years ago, Kveton was unemployed; he launched Urban Airship with the help of the Oregon Self Employment Assistance Program, designed to give the unemployed the option of starting their own business instead of hunting for a new job. His star rose quickly — perhaps too quickly.
Hubris: it's a disease that can topple executives and companies alike.
Thursday, July 24, 2014
BY LINDA BAKER | OB EDITOR
Remember the naysayers? Those who called the South Waterfront aerial tram a boondoggle? Those who rejoiced at the massive sell off of luxury condos at the John Ross and Atwater Place?
Tuesday, June 03, 2014
Citing the transition to catch shares management as a key to rebuilding stocks and reducing bycatch, 13 species caught by the West Coast trawl fishery today earned designation from the Marine Stewardship Council (MSC) as sustainable.
Thursday, June 12, 2014
BY ANDREA DURBIN | OB GUEST BLOGGER
Last week, the Obama administration took an important and welcomed step in the effort to protect the health and well-being of all Oregonians by limiting carbon pollution from existing power plants.
Tuesday, July 01, 2014
BY HANNAH WALLACE | OB BLOGGER
Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.
Friday, July 18, 2014
BY JASON NORRIS | OB GUEST CONTRIBUTOR
Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
Monday, June 16, 2014
The Oregon economy could get a boost from a new trade agreement being negotiated between the U.S. and the European Union.
Monday, June 30, 2014
Oregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.
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Lane Powell Shareholder Susan K. Eggum has been elected as vice chair of programs and projects for the International Association of Defense Counsel’s (IADC’s) Employment Law Committee.
Geffen Mesher is saddened to announce the passing of long-time shareholder, Tom “Mike” Anderson, who died on July 10, 2014, from liver disease diagnosed after recent heart surgery. He was 55 years old.
Fifteen Lane Powell attorneys have been named 2014 “Oregon Super Lawyers,” and another five attorneys have been named as “Oregon Rising Stars” by Super Lawyers magazine.