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Comic for: March 10th, 2008
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Gaming News: "The Severance Package"
Posted: Monday March 10th, 2008 by

In an SEC (Securities and Exchange Commission) filing last week, Take-Two Interactive outlined a severance package for employees should get fired "without cause" within one year of a company buyout. In the plan executives would ostensibly receive up to 1.5 times their salary and bonus for up to 18 months of their terimination, non-executives would be given up to six months salary. The plan does not cover top executives who have their own management agreements.
Source: Reuters [ more info ]

For the bluster of the comic, the severance package actually looks to be an earnest attempt to protect and reassure employees that they'll be taken care of if EA buys the company out. I don't deny that I'm a cynical old codger. So, despite my belief that this is on the up and up, I can't shake that nagging voice in the back of my head that keeps telling me "it's just to keep the wide-eyed masses on track to finish GTA4" and "bah, they're just digging at EA".

Don't look at me like that I just admitted to being cynical and a codger. Besides, the analysts seem agree... kinda. Except, you know, without the head-twitching pessimism.

Today's Pimpage: Woody is wearing a "Collateral Damage" shirt from Threadless.Com.

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