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Outraged by Midway

March 2, 2009 by Jin  
Filed under Games, Recent

2 Comments

Midway execs get greedy in the worst way possible

It appears that outrageous behavior by executives for bankrupt companies have infected the gaming industry. Midway, makers of the Mortal Kombat fighting game series, filed for bankruptcy on February 13 and have racked over $281 million in debt. A complete liquidation of the company assets is currently being conducted with games like Wheelman and the Mortal Kombat franchise up for grabs to the highest bidder.

However, court documents revealed that 29 executives, management and key non-company insiders of the company are eligible for over $3.75 million in bonuses if they meet certain company objectives. Presumably, this means the sale of their intellectual property, the only assets available to the company. It also means screwing over former employees out of earned paid time off (PTO). Read more

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