It's true. I've seen those reports too. Pavlos is actually financing an all-Greek expedition to the top of Everest. A good friend of mine has gone along for the ride to help out, which boggles the mind--Pavlos is such a Scrooge, he'll probably buy the lowest grade climbing gear out there and get his whole team killed.
A lot of the managers who claimed to be quitting are apparently going along to base camp. These guys are something else. Absolutely delusional. Well, maybe mother nature will be able to settle this guys debts once and for all.
I can only imagine what the Greek government would do if they knew about this--apparently Pavlos is trying to get funding from them to sponsor this whole thing. What a nut job!