Following on from Cyberpunk 2077's rough 2020 launch and subsequent reports of troubled development and mismanagement within the studio, CD Projekt Red found itself on the wrong end of a lawsuit. A group of shareholders were unhappy with the situation and opted to sue the company, citing misleading statements. Soon, …
Read More »Activision investors argue that CEO is paid too much
Activision CEO, Bobby Kotick, has come under fire this week as some shareholders are beginning to argue that he is paid too much. Specifically, Activision's top brass are accused of “irresponsible and unethical corporate behaviour and excessive executive pay”. Activision Blizzard is a giant in the industry, pulling in billions …
Read More »EA wants to time Battlefront release with Star Wars episode VII
Many of us were disappointed to see a lack of progress on EA's upcoming Battlefront III at E3 but the company has confirmed that it's still aiming for a 2015 release in order to tie in with the release of Star Wars VII in December next year. EA Studios Executive …
Read More »Bill Gates is no longer Microsoft’s biggest share holder
Bill Gates is no longer Microsoft's largest individual share holder for the first time in the company's history. It was revealed that Gates sold off some shares last week in a regulatory filing, leaving him with 330.1 million shares, which puts him second behind former CEO, Steve Ballmer, who owns 333 …
Read More »It’s official- EA is being sued
Last week we reported that legal firm Holzer Holzer and Fistel, was investigating EA's public statements about Battlefield 4's progress. This probably would have led to a lawsuit eventually but for now, another firm has beat it to the punch as Robins Geller Rudman & Dowd LLP, has launched a class action …
Read More »Microsoft investors want to oust Bill Gates
You'd think they'd be grateful to the man that helped the long term ones build their fortunes, but it looks like some of the biggest investors in Microsoft don't want just Steve Ballmer to step down, but his pal and the founder of Microsoft, Bill Gates himself. While it seems …
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