That's just about the exact same thing that happened with my sites. When I can get a 110% ROI on Adwords and 104% ROI on Overture for keywords that I get 10% ROI on Looksmart there is something wrong. When keywords that eat up the same amount of clicks on Overture and Adwords combined for one month in just three days on Looksmart, something is wrong. Of course, I'm preaching to the choir on this.
Until one of these employees I'm supposed to feel sorry for comes out and blows the whistle on what is actually going on with Looksmart, I won't feel sorry for them.