Featured Articles

Android Wear installed on 50-100k phones

Android Wear installed on 50-100k phones

Android Wear is a companion app that you need in order to run your new Android Wear watch.

More...
AMD launches 45W desktop Kaveri parts, finally

AMD launches 45W desktop Kaveri parts, finally

AMD has finally launched three 45W Kaveri SKUs, which were in the works for months. The three chips feature configurable TDP,…

More...
Desktop Broadwell LGA is Socket 1150

Desktop Broadwell LGA is Socket 1150

Broadwell was supposed to come in 2014 and it will ship in the last quarter of this year for detachable thin…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 02 February 2012 09:32

THQ board takes pay cuts

Written by David Stellmack



CEO’s pay slashed by 50%


THQ is continuing with its tightening of the belt in a battle for the very survival of the company. In the latest round of news, CEO Brian Farrell will swallow a pay cut of 50% that will start in February and return to the normal rate next year if the company’s financial performance improves.

Beyond sacrificing of 50% of his pay for the rest of the year, the THQ board members have also elected to take less compensation for a year to help the company. Rumor has it that Farrell’s golden parachute has also been tweaked to cost the company less.

THQ has also confirmed that 240 employees have received the boot. These planned layoffs come from the restructuring of the company. Again, THQ has gone out of its way to make sure that everyone knows that these cuts came from the administration and publishing divisions of the companies, and that again studios were said not to be touched.

The company has declined to confirm whether the moves will impact any projects. As we told you previously, the restructuring centers away from the kid-friendly titles and licensed offerings to more mainstream and hardcore offerings. The company has still not provided an update on whether the Warhammer 40K MMO project continues. Expect to hear more about this soon.


David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments