Thursday, June 7, 2012

Video Games, Employment, Debt, and Housing

This one's got it all.

June 7, 2012
Former Red Sox Curt Schilling’s video game company files for bankruptcy

The company also reported it owed workers about $1.2 million in upaid wages, plus another $1.1 million in vacation and other paid time off. 38 Studios last paid employees on April 30 and missed the May 15 payroll before laying them off a week later, according to workers.

In addition, about a half dozen employees could also be responsible for an additional home mortgage because of the company’s demise. To encourage employees to relocate to Providence from Massachusetts, 38 Studios offered to help workers sell their homes and pay the mortgage in the meantime. But because of the sluggish real estate market, 38 Studios wasn’t able to sell all the homes.



Mr Slippery said...

Video game programming is for young people, and game companies are not known for stability. Just a disaster all the way around. Who knew Rhode Island was not a hotbed of game talent?

Just like New Your's hottest nightclubs, this story does have everything: glass, steam, bear traps, and just when you think the fun is over, knock knock who’s there? It’s Black George Washington! All that, and a party room filled with human bathmats…It’s that thing like when midgets have dreadlocks and they lay faced down on the floor.

Stagflationary Mark said...

Mr Slippery,

Stefon has to be my girlfriend's favorite recurring SNL character.

It's especially funny because he struggles so hard to keep a straight face, lol.

Troy said...

This is probably the most idiotic thing I've ever heard.

I was involved in a similar death-march project in the 1990s, on a team out of its depth.

There's not any oxygen in this environment for me-too crap.

I've got a couple of niche ideas -- *cough* DSR -- but I don't need $1M/month to support that model. More like $1000.

Stagflationary Mark said...


I was involved in a similar death-march project in the 1990s, on a team out of its depth.

Been there, done that. Sigh.