Red Mile CEO steps down, ex-pres takes top spot
by Ben Gilbert 
on Apr 5th 2009 1:30PM
In these
trying economic times, we've spent more time than we'd like writing up
story after
story about
layoffs and
business (or lack thereof) -- this is a site about video games,
right? Fortunately for us, today's tale revolves around the ol' corporate musical chairs routine rather than a bunch of folks getting canned, as former
Red Mile Entertainment CEO Chester Aldridge steps down from his position and (now former) Red Mile president Simon Price steps in.
According to an
SEC filing made in late March, not only is the company losing Mr. Aldridge but also Kenny Cheung from its board of directors. Mr. Cheung founded and currently owns Tiger Paw Capital, a venture capital firm that invested $1 million into the ailing company recently -- though we hear that's about
$9 million short. Can we stop contextualizing corporate reshufflings now?
[Via
GamesIndustry.biz]
