I honestly do not know the corporate setup between SOE and its parent organization, but it does not matter. Smed, as president of SOE, holds assets of another party. Whether he actually answers to stockholders or Sony’s board of directors, his duty is the same. If we suppose that Smed is knowingly sabotaging SWGs chance at profit, as cabalist suggests, the BoD can bring charges, both civil and legal.
If the Board is in collusion with Smed, which I expect cabalist to next suggest, then the BoD opens themselves up to a wider area of tort, as their responsibility is much greater than Smeds.
I realize my Enron and WorldCom comparison is not exact. Those clowns were hosed mostly for SEC violations, which I am not suggesting in SOE’s case. But the fiduciary responsibility did hold in those cases, as well. A defense of mistake is not valid here, as cabalist suggests Smed is knowingly sabotaging SWG.
Cabalist’s assertion is this:
NGE is a well-known failure, reducing SOE to laughingstock status in the industry. They managed to take a MMO with respectable subscription numbers and the worlds best-known IP and turn it into bantha poodoo. The entire debacle is sinking SOE, and possibly Sony’s entire business, into the mud. How embarrassing is that?
Furthermore, cabalist asserts, classic servers will print money. The company could do a complete turn around if Smed simply pushed the “on” button. And Smed fully knows this, and possibly Sony’s BoD, as well. Yet, to step back and admit they were wrong about the NGE would somehow be too embarrassing. Can they possibly be more embarrassed than they are right now?
To wit, cabalists asserts, turning around a sinking company and reaping the mega dollars promised by classic servers would somehow be more embarrassing to Smed et al than doing nothing and letting the business fold. In every other instance, cabalist depicts Smed as the spinmeister evil genius. Yet, oddly, Smed cannot think of a way to spin in his favor a return to the gold mine of classic servers?
And on top of all this, he is willing to expose himself to legal and civil penalties to protect his beloved failure?
Is this really the most logical scenario?
Or could it be that there is no payoff in a return to classic servers, despite how badly some may wish it otherwise?
Comments
I honestly do not know the corporate setup between SOE and its parent organization, but it does not matter. Smed, as president of SOE, holds assets of another party. Whether he actually answers to stockholders or Sony’s board of directors, his duty is the same. If we suppose that Smed is knowingly sabotaging SWGs chance at profit, as cabalist suggests, the BoD can bring charges, both civil and legal.
If the Board is in collusion with Smed, which I expect cabalist to next suggest, then the BoD opens themselves up to a wider area of tort, as their responsibility is much greater than Smeds.
I realize my Enron and WorldCom comparison is not exact. Those clowns were hosed mostly for SEC violations, which I am not suggesting in SOE’s case. But the fiduciary responsibility did hold in those cases, as well. A defense of mistake is not valid here, as cabalist suggests Smed is knowingly sabotaging SWG.
Cabalist’s assertion is this:
NGE is a well-known failure, reducing SOE to laughingstock status in the industry. They managed to take a MMO with respectable subscription numbers and the worlds best-known IP and turn it into bantha poodoo. The entire debacle is sinking SOE, and possibly Sony’s entire business, into the mud. How embarrassing is that?
Furthermore, cabalist asserts, classic servers will print money. The company could do a complete turn around if Smed simply pushed the “on” button. And Smed fully knows this, and possibly Sony’s BoD, as well. Yet, to step back and admit they were wrong about the NGE would somehow be too embarrassing. Can they possibly be more embarrassed than they are right now?
To wit, cabalists asserts, turning around a sinking company and reaping the mega dollars promised by classic servers would somehow be more embarrassing to Smed et al than doing nothing and letting the business fold. In every other instance, cabalist depicts Smed as the spinmeister evil genius. Yet, oddly, Smed cannot think of a way to spin in his favor a return to the gold mine of classic servers?
And on top of all this, he is willing to expose himself to legal and civil penalties to protect his beloved failure?
Is this really the most logical scenario?
Or could it be that there is no payoff in a return to classic servers, despite how badly some may wish it otherwise?