Acclaim execs treated company like "personal piggy-bank"

[Brisco Bold]

I don't know what offends me more - that the two founders funnelled themselves 150 million through dummy corporations, or that they had the money to misdirect in the first place.

I keep thinking about that Greg Fishbach interview in Next Gen. That makes me angry. He blamed everything and everyone but himself and his company (until Next Gen cornered him -- I love that mag) for his downfall.

[gamevet]

Their games sucking had nothing to do with it, if you read the article. Acclaim had tons of cash.

I don't know what offends me more - that the two founders funnelled themselves 150 million through dummy corporations, or that they had the money to misdirect in the first place.

Trip Hawkins did it better!

[James]

That's it! I've been wasting my life, it's time to start publishing video games. If there's this kind of money floating around from flogging crap games to the gullible public, I want in.

Secret plan- Create secondary company to publish stuff that I'd actually want to play, funded entirely on profits from the cash-cow company. Seeing as I could probably get the rights to most games I'd want for a nickel a pop, I don't see it as a huge issue.

James

[AaronChance]

Bah, you don't need to go through so much effort. Just work up designs for a dummy console you never plan to actually make and rake in the gullible investors.

[rezo]

"Their games sucking had nothing to do with it, if you read the article. Acclaim had tons of cash."
it was a joke

I agree. Their ability to make so much money with crap games was a joke.