Bill Heineman: Memories of Interplay

[Dark Elf]

Paycheck, I suppose, delivered right on time?

 

[Azael]

Herve gave himself a raise recently. He's making $400,000/year as CEO of Interplay now.

Can he do that? I thought it was the board that set the salaries for the executives.

 

[Country_Gravy]

But who is on the board? He is and so is his brother, right? He can probably get them to pay him what he wants. He is CEO and CFO now, so he probably talked them into giving him the combined salaries for both positions.

 

[Seven]

Paycheck, I suppose, delivered right on time?

Ha, don't ever doubt managements ability to cover its own ass.

 

[Major_Blackhart]

I wonder what happens to him and his brother if both Titus and IPLY tank and go under. THey skip the country? Retire? what.

 

[WaltC]

I wonder what happens to him and his brother if both Titus and IPLY tank and go under. THey skip the country? Retire? what.

"Buying stocks is always a risk." Here endeth the lesson... As a stockholder buying stock in any company, you are not indemnified against loss by any entity. In some cases it is literally casting your pearls before swine.... In some cases you make out like a bandit. The key for successful investors is in knowing the difference between the swine and those companies you can trust with your investments. Investing is definitely a caveat emptor proposition.

In this case I think we have a long, slow glide into greed, hubris, mismanagement and incompetence. When a game developer becomes a publisher and somehow manages to forget that the company rests on making/publishing good games, not on number crunching and clever stock deals and mergers, it's not long for this world. As the games go, so goes the company, pretty much. Prudent investors got out of IPLY a long time ago. In this case I think what happened is that financial reports became far more meaningful and important to the company's top brass than the quality of the games it was publishing. The problem with borrowing from Peter to pay Paul is that eventually Peter cuts off the credit line while Paul becomes insistent on getting repaid.

 

[Major_Blackhart]

That still doesn't answer my question.

 

[Second Chance]

Mine too, are you by chance my long lost twin?

:shock: April 15th is my birthday too, what are the odds of that?

 

[Dark Elf]

Oh, should be roughly 16438356 in 6,000,000,000 or so.