Tecmo president Yoshimi Yasuda pulled a Mr. Hudsucker (minus the dying) and has left the company citing personal reasons. GI.biz reports his sword will be taken up by chairman of the board Yahuharu Kakihara as of Sept. 1.
Yasuda's personal reasons for leaving Tecmo might have something to do with the lawsuit brought by Ninja Gaiden's leather aficionado developer, Tomonobu Itagaki. Tecmo took a hit to its stock following Itagaki's departure (and subsequent fallout), so this changing of the guard might be a sign that the company is ready to clean up the mess and move on.
Reader Comments (14)
Posted: Aug 20th 2008 2:28PM velocitystrike said
I certainly hope this means they're moving on and not getting ready to close down.
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Posted: Aug 20th 2008 2:29PM xThePunisherx said
Picture = win
They should shut down, without Itakgaki, they're nothing.
Reply
They should shut down, without Itakgaki, they're nothing.
Posted: Aug 20th 2008 2:34PM (Unverified) said
......as he ducks under the security cameras on the way to the parking lot holding the $15,000 Ming vase.... lol lol
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Posted: Aug 20th 2008 3:27PM BananaBoat said
I don't think this Tecmo mess will be settled until Itagaki gets a fat settlement and Chairman Mao, err, I mean Chairman Kakihara gets Dos boot.
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Posted: Aug 20th 2008 6:48PM (Unverified) said
It's also possible the board might have decided that Itagaki is the company's golden goose and that cleaning house might get him to come back. Something similar happened at a software company I worked at in the 90s. In that case, big company bought smaller company (of which I was a part), big company execs liked playing politics, big company employees liked jacking around doing nothing, and the smaller company software app (which was to be integrated into the larger offerings on Big Iron by the bigger company but wasn't... see statement where big company employees liked not working) was the only thing bringing cash in. After about a year and a half, the BC execs pushed out the small company's upper people. Unfortunately for the BC execs, they did this around the time the Board of Directors was meeting, and the Board looked at it closely. Then summoned said execs to a meeting where they said essentially "so the only part of this company that's making money the last year or so is X and you just got rid of everyone involved there? You're all fired." And then the board brought back the small company people to run the whole place. It may be that Tecmo's board may have similar ideas.
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Posted: Aug 20th 2008 10:39PM (Unverified) said
He's scared of Itagaki's lawsuit and knows that Itagaki's going to win.
"Time to bail!!"
*Yasuda jumps out of window and takes off running*
Reply
"Time to bail!!"
*Yasuda jumps out of window and takes off running*
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