Ducttape, could the Ceo have done anything to avoid this? in the short term probably not, tanking of this kind i imagine are generally the result of more long term problems... In theory, had the company be managed better over the years, it might have not been so badly hurt by the recession... For instance, the Ceo's are making huge amounts of money every year off the company, if they were to cut down their own profits to even a remotely more modest amount, that money could have been pushed back into the company and be used to help the company... hell maybe they could have even used the money to put together some kind of surplus that they can dip into any time profits are running on the low end so that they can hold on to their employees while they make new games and try to pull themselves out...
And you should not look down upon those 6 months... that's 6 more months for all those employees to look for new jobs elsewhere while still maintaining an income; it's far better then them jumping right away into welfare.
ya ya, i shouldn't pretend i know business and economics, cause god knows i don't, but what i can tell is that there is something SERIOUSLY wrong every-time this kind of shit happens and that their are certainly better things that can be done with all those millions that would be much better than just giving it to some greedy scum who is already incredibly wealthy.
Midway execs get rich while company crashes
Dec 24th 2008 8:34AM (Joystiq)could the Ceo have done anything to avoid this? in the short term probably not, tanking of this kind i imagine are generally the result of more long term problems... In theory, had the company be managed better over the years, it might have not been so badly hurt by the recession... For instance, the Ceo's are making huge amounts of money every year off the company, if they were to cut down their own profits to even a remotely more modest amount, that money could have been pushed back into the company and be used to help the company... hell maybe they could have even used the money to put together some kind of surplus that they can dip into any time profits are running on the low end so that they can hold on to their employees while they make new games and try to pull themselves out...
And you should not look down upon those 6 months... that's 6 more months for all those employees to look for new jobs elsewhere while still maintaining an income; it's far better then them jumping right away into welfare.
ya ya, i shouldn't pretend i know business and economics, cause god knows i don't, but what i can tell is that there is something SERIOUSLY wrong every-time this kind of shit happens and that their are certainly better things that can be done with all those millions that would be much better than just giving it to some greedy scum who is already incredibly wealthy.