Longtime Friend And Business Partner Of Tony Hsieh Is Suing His Estate For Breach Of Contract

Jennifer “Mimi” Fame is a long-time friend, former assistant and business partner of the late Tony Hesheeh. He had to manage Heshey’s business affairs for months, leading to his death due to a lawsuit against Hesih’s family for a braking contract. She claims that after the demise of Haseeh last year, many deals with her owe not only back pay but a portion of future profits. Among those deals is managing an event venue in Park City Utah, as well as spending time for Hesih to start a documentary production company. Pham’s lawyers filed their complaint on February 5 in the District Clark County Court of Nevada.

This is just the latest lawsuit filed by a company Pham co-managed for Hesh. Last month, her Baby Monster LLC filed a lawsuit claiming it owed her $ 1.2 million. She alleges that there was a contract with Hesih, which Hesih was considering. Allegedly, those contractors still owe thousands of dollars in fees. The lawsuit shows that Hesh and Pham were so close that they used their cellphone number as their main contact number. Hsieh and Pham had the same address on their driver’s license. The court filing stated that Pham had been his “assistant, right hand and friend” for 17 years.

Charlie galley / getty images

At the time of his death, Hsieh had assets of $ 850 million. Hesih died on November 27, 2020 in a fire in a house in Connecticut. Tony had two massive business victories during his life: In 1998 he sold a business called LinkExchange to Microsoft for $ 265 million. In 2009 he sold Zapos to Amazon for $ 1.2 billion in Amazon stock. Unfortunately, it turns out that Tony left a lot of messy possessions and no willpower. His father Richard and brother Andrew were made co-executors of Tony’s estate. According to a court petition, Hesih’s father and brother issued a notice last month to suspend the contract.

Hsieh is known as the founder and CEO of Zappos. Hsieh (along with Alfred Lin) changed the idea of ​​selling shoes online in 1999, after the founding (and sales) of several tech companies. At first, Hsieh wasn’t sure it was even a remote idea. But, after learning that the footwear industry in the US (at the time) was a $ 40 billion market with virtually no sales via the Internet, he changed his mind.

In 2000, Hsieh joined Zappos as CEO. One of his first decisions was to relocate the Zapos corporate headquarters to Las Vegas, citing relatively reasonable costs of labor and real estate compared to the San Francisco Bay Area. In his first year as CEO, Zappos generated an impressive $ 1.6 million in revenue. Nine years later, Zappos revenues exceeded $ 1 billion. Per year. Along the way, Zappos began to earn a reputation for having an amazing corporate culture that focused on employee happiness and the best customer service of any retailer. The internal culture of Zappos is called the Haseeh Zappos Family Core Values. Zappos has amazing reviews for customer service on the Internet. Hsieh has often commented that Zappos sells customer service, not shoes. it’s clear. In 2020, the company began selling single shoes for people who don’t need two.

After the sale to Amazon, Hsieh stayed on Zappos and leased the old Las Vegas City Hall building to the city to relocate the company. This prompted him to invest $ 350 million in a downtown product, a re-development venture in Las Vegas designed to build a startup community and revitalize the city of Las Vegas. The neighborhood has been on the decline for the better part of 25 years, but where most homeless people, seeded motels, and blight, Hsieh saw the opportunity.

He moved to Park City, Utah in 2020 as the Kovid-19 epidemic took over the city of US Park Park, with Hesih working to create a new community by purchasing $ 70 million in assets. He also set up a $ 30 million angel fund for local tech startups. People surrounded him in his final months who were particularly there as Hesih hired him to carry out various tasks – such as making a documentary about nitrous oxide or building an ice bar. Allegedly, as it was his time in Park City, Hsieh was dealing with mental health issues and drug addiction and was reportedly planning to investigate rehab to deal with his drug and alcohol issues .

Hesih was only 46 when he died. He died two weeks before 47Th Birthday. Hesingh was unmarried at the time he died, having no children at the time, which may be one reason he neglected to make any official plans for what would happen to his fate. He stepped down as CEO of Zappos in August 2020 after 21 years with the company.

Pham’s lawsuits are unlikely to have to navigate Hussey’s property. According to a report in the “Wall Street Journal”, the walls of Hesih’s $ 30 million Park City mansion were covered in hundreds of Post-It notes. Everyone pledged to give money for an idea on this. Unfortunately for their property, these Post-It Notes can be considered legally binding contracts. Executors of Tony’s estate should now look at each Post-It note and follow the money in a way to avoid more lawsuits and possibly fulfill Tony’s wishes.

Related Posts

Leave a Reply

error: Content is protected !!