{"id":239219,"date":"2022-10-24T18:26:20","date_gmt":"2022-10-24T23:26:20","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=239219"},"modified":"2022-10-24T18:46:09","modified_gmt":"2022-10-24T23:46:09","slug":"late-zappos-ceos-estate-sued-for-12-5m-based-on-post-it-note","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/late-zappos-ceos-estate-sued-for-12-5m-based-on-post-it-note\/","title":{"rendered":"Late Zappos CEO Tony Hsieh\u2019s Estate Sued for $12.5M Based on Post-it Note"},"content":{"rendered":"
A man has filed a $12.5 million creditor\u2019s claim with the estate of late Zappos CEO Tony Hsieh. The internet entrepreneur was worth a reported $840 million when he died in November 2020.<\/p>\n
The claim is based mostly on a Post-it note.<\/p>\nTony Hsieh transformed Zappos into a billion-dollar shoe giant following his takeover of the company in 1999.\u00a0 He died in 2020, having recently stepped down from the company after years of erratic behavior reported by his close associates. (Image: footwearnews.com)<\/figcaption><\/figure>\n
Mark Evensvold\u2019s claim \u2013 filed last week in Hsieh\u2019s probate case in Clark County District Court \u2013 said that he had a contract to work on several projects for Hsieh. These included a bar, a magic-themed entertainment venue, and an ice-skating rink in the ski town of Park City, Utah. The latter is where Hsieh relocated after stepping down from his Zappos job in August 2020. The claim includes a copy of the sticky note containing what Evensvold claims was his employment contract.<\/p>\n
Dated Aug. 19, 2020, Evensvold claims it promised him $450,000 a year and a signing bonus that included 20% of Hsieh\u2019s 25% interest in Nacho Daddy. That’s the Mexican restaurant chain where Evensvold worked before accepting Hsieh’s employment offer. Evensvold also included a \u201ctranscript of the conversation\u201d between the two men outlining the terms of their deal. A \u201ccourt recorder\u201d was present to document the conversation, according to the claim.<\/p>\nThe creditor’s claim against Tony Hsieh’s estate includes what the claimant claims is this employment contract, written on a Post-it note.(Image: Clark County District Court)<\/figcaption><\/figure>\n
\u201cBut for Tony\u2019s offer of the signing bonus, Evensvold would not have entered into the agreement, would not have resigned from Nacho Daddy, and would not have relocated from Las Vegas to Park City,\u201d Evensvold\u2019s claim said.<\/p>\n
Hsieh transformed Zappos into the first billion-dollar internet shoe giant following his takeover of the company in 1999. After moving its base of operations from San Francisco to Henderson, Nev., and later to Las Vegas, he also transformed a section of downtown Las Vegas from a dangerous area to a hipster haven.<\/p>\n
He was also known for his eccentricities, including living with an alpaca in an Airstream in a downtown trailer park, and conducting his business unconventionally \u2013 including via sticky notes. Hsieh had walls covered with Post-its, according to 2021 article in the Las Vegas Review-Journal.<\/em><\/p>\n
Evensfold\u2019s filing is part of the legal probate process necessary for claims made against people who die without leaving a will. In December 2020, a judge named his father and brother as special administrators of his estate.<\/p>\n
Hsieh died in a house fire in November 2020 in Connecticut. He was 46. Court documents filed by Hsieh\u2019s family last year indicated Hsieh used ketamine and nitrous oxide in the years before his death. According to friends, Hsieh used \u201cas many as 50 cartridges of nitrous oxide a day, often in public, or during \u2018meetings\u2019 with people,\u201d documents said.<\/p>\n
Lawyers for Hsieh\u2019s estate have repeatedly written in court documents that Hsieh did not have the mental capacity to sign off on contracts in the months and years leading up to his death.<\/p>\n","protected":false},"excerpt":{"rendered":"
A man has filed a $12.5 million creditor\u2019s claim with the estate of late Zappos CEO Tony Hsieh. The internet entrepreneur was worth a reported $840 million when he died in November 2020. The claim is based mostly on a Post-it note. Mark Evensvold\u2019s claim \u2013 filed last week in Hsieh\u2019s probate case in Clark […]<\/p>\n","protected":false},"author":78,"featured_media":239221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[81886,60],"tags":[23,82103,83433,83434],"acf":[],"yoast_head":"\n
Late Zappos CEO Tony Hsieh\u2019s Estate Sued for $12.5M Based on Post-it Note - Casino.org<\/title>\n<meta name=\"description\" content=\"A man has filed a $12.5 million creditor\u2019s claim with the estate of late Zappos CEO Tony Hsieh. The internet entrepreneur was worth a reported $840\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/late-zappos-ceos-estate-sued-for-12-5m-based-on-post-it-note\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Late Zappos CEO Tony Hsieh\u2019s Estate Sued for $12.5M Based on Post-it Note - Casino.org\" \/>\n<meta property=\"og:description\" content=\"A man has filed a $12.5 million creditor\u2019s claim with the estate of late Zappos CEO Tony Hsieh. 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