Submission + - Norse Corp. Implodes, Fires CEO, Sells Assets (krebsonsecurity.com)
tsu doh nimh writes: Brian Krebs has something of a scoop about Norse Corp., the cyber intelligence company that became famous for its interactive attack map. From the story: Norse Corp., a Foster City, Calif. based cybersecurity firm that has attracted much attention from the news media and investors alike this past year, fired its chief executive officer this week amid a major shakeup that could spell the end of the company. The move comes just weeks after the company laid off almost 30 percent of its staff. Sources close to the matter say Norse CEO Sam Glines was asked to step down by the companyâ(TM)s board of directors, with board member Howard Bain stepping in as interim CEO. Those sources say the companyâ(TM)s investors have told employees that they can show up for work on Monday but that there is no guarantee they will get paid if they do." Krebs's story looks into the history of the company's founders, includes interviews with former Norse employees, and concludes that this was probably inevitable.