Crytek Shares More Info About Its Current Situation

[exfileme]

Crytek spills the beans on what's next for the company.

Crytek Shares More Info About Its Current Situation : Read more

 

[Ninjawithagun]

Only one reason Crytek is in financial trouble - corporate greed. Business owners and board members decided to line their pockets with all the profit and let their company go broke. Sad days indeed.

 

[thechief73]

Only one reason Crytek is in financial trouble - corporate greed. Business owners and board members decided to line their pockets with all the profit and let their company go broke. Sad days indeed.

And thus you have summarized the fall of the human race. Epitaph - "Here lie's a species that were too greedy to ensure their own survival"

 

[daekar]

This really boggles my mind. They have one of the best engines out there, a few killer franchises, and some games that redefined what we expect from their genres, and they're broke? WTF? That's some serious mismanagement.

 

[coolitic]

The only problem with Crytek is that they try to take on too many projects at a time and dont give enough time to each project resulting in many of their games having some flaws and being unfinished.

However, for the little time they give to each project the efficiency of it is pretty high and many other devs would do a worse job with such little time.

 

[Draven35]

Crytek finishing all of their projects was likely rooted in the operation of their Kiev studio. I hear there might be problems in the area...

 

[10tacle]

Only one reason Crytek is in financial trouble - corporate greed. Business owners and board members decided to line their pockets with all the profit and let their company go broke. Sad days indeed.

Where is your evidence of the "owners" hoarding all the profits? Or prophets in this case? Also, I'm not sure how it works in Germany, but in the US the salaries of the Board Of Director members in corporations are determined and voted on by the share holders and approved by the CEO. Board members in the US do not determine how much they make and there are laws prohibiting board members from taking any money "under the table." They can sure do it, but if caught, they go to trial and jail. Just ask all those involved with Enron.

 

[dark_knight33]

Where is your evidence of the "owners" hoarding all the profits? Or prophets in this case? Also, I'm not sure how it works in Germany, but in the US the salaries of the Board Of Director members in corporations are determined and voted on by the share holders and approved by the CEO. Board members in the US do not determine how much they make and there are laws prohibiting board members from taking any money "under the table." They can sure do it, but if caught, they go to trial and jail. Just ask all those involved with Enron.

A handful of employees from one, just ONE, corrupt corporation went to jail. Of that, the surviving employee had 10 years of his sentence cut off (leaving Skilling with the minimum sentence) by a judge without the insight to see that the point of the long sentence was to punish him for the length of time it would take for most of the employees to recover their retirements. He still leaves jail (now in 2017) a ridiculously wealthy man who will never need to work another day in his life.

I've been a shareholder in several corporations, and it doesn't work like that. Shareholder votes on executive pay are non-binding, meaning they are considered only a recommendation, with no recourse if they aren't followed. Board & CEO set and approve their own compensation (like congress), that is corruption. Only the majority shareholders, mutual funds most often who are also run by profiteering dirt bags, usually have more sway, but still do nothing because the few in control are profiting enormously at the expense of everyone else.