Ex-Vero Broadband CEO alleges compensation withheld
BOULDER — Jonathan Adelman, who was removed as Vero Broadband LLC’s CEO in April, has sued the Boulder startup, alleging that he was stiffed on compensation agreed to when he was hired.
The suit, which Adelman, who is described in the complaint as “a long-time, successful executive with Xcel Energy” prior to joining Vero in November 2021, was filed this week in Boulder County District Court and relates mainly to unprovided and/or undervalued stock options.
“To incentivize Adelman’s acceptance of the CEO role with a comparatively low base annual salary, $165,000, and annual bonus potential, $35,000, Vero offered Adelman lucrative equity grants,”…
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