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Well, One Guy Kept His Job at OnLive

That would be the CEO, Steve Perlman. More than 200 other employees were summarily dismissed when the cloud-gaming service caved in last week, though a corporate statement said half would be hired back, and others offered consulting gigs. That doesn’t exactly shut down speculation that this ā€œrebootingā€ of the company was meant to vaporize employees’ equity in it, in order to make the whole thing cheaper to sell to a bigger corporation. That was, notably, a point not addressed by the FAQ OnLive put out after the collapse.

https://lastchance.cc/onlive-assets-acquired-by-newly-formed-company-vows-to-5935876%3C/a%3E%3C/p%3E

ā€œThe recent transition was the hardest thing we at OnLive ever had to go through in our careers,ā€ said a statement from OnLive. ā€œSteve continues as CEO and is currently concentrating on the transition; once this is complete, he’ll be very focused on our next product releases and the vision. … There will be more announcements – both large and small.ā€

Here’s a bet that there is one large announcement coming and it concerns being sold to a bigger company.

Perlman remains OnLive CEO; Company debts had reached $30-40m [MCV]

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