Bankrupt founder to stay on Pay By Touch board

The financially and morally bankrupt John Rogers remains involved with the company he founded, Pay By Touch employees learned during an all-hands meeting Friday. Though the company no longer employs the once-convicted felon and confirmed bully, Rogers will remain on the board of directors. How could this be?

Answer: In a bankruptcy, shareholders' equity disappears faster than blow up an addict's nose. But Rogers cleverly arranged matters so that he's also a creditor, giving him pull in the bankruptcy proceedings.

Grant Rogers this much: He's a man who keeps his promises. But when he once said, "I'll fucking mess you up," I'm pretty sure he meant his old girlfriend, not Pay By Touch's 750 employees.