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-   -   CD Projekt - Co-Founders Resign (https://www.rpgwatch.com/forums/showthread.php?t=11558)

Dhruin October 9th, 2010 12:41

CD Projekt - Co-Founders Resign
 
According to Gamasutra, CD Projekt co-founders
Michal Kicinski and Marcin Iwinski have resigned - apparently to "rest", which sounds odd from my position. Here's a snip:

Quote:

Developer and publisher CD Projekt revealed that its CEO Michal Kicinski and business development director Marcin Iwinski, both co-founders of the Polish studio, are resigning from their positions.

Iwinski and Kicinski founded CD Projekt in 1994, and it has published many PC titles since, such as the acclaimed The Witcher series. The Warsaw-based company also owns and runs digital distribution platform Good Old Games.

The two executives apparently want to step away from managing the company to rest after assisting with a "share swap" between its holding company CDP Investment and Polish PC company Optimus last year -- a deal valued at 63 million zloty, or $22 million.

More information.

joxer October 9th, 2010 12:41

I don't think it's odd.
They probably just stopped caring.

Gorath October 9th, 2010 13:42

Their wish to "rest" is probably bullshit.

Such a move usually either means they've been paid off, and their exit was only delayed until the dust settles, or they couldn't hold their position any longer because the majority of the shareholder money wants a different strategy.

Wulf October 9th, 2010 14:35

…and just how does the recent tactics of GoG fit into all of this share swap 'musical-chairs'?

Roi Danton October 9th, 2010 14:38

Quote:

Originally Posted by Wulf (Post 1061028501)
…and just how does the recent tactics of GoG fit into all of this share swap 'musical-chairs'?

What recent GoG tactics? Have I missed something?

Wulf October 9th, 2010 14:41

I thought CD Projekt owned GoG?

Gorath October 9th, 2010 14:42

He meant their PR stunt. "We're closing." "Hey, it was just a joke. Don't make a problem out of the fact that you couldn't DL your purchased games for a week. Now you can stpend even more money on PS:T."

Philistine October 9th, 2010 14:56

I agree with joxer. If I'd just completed a big deal and made a boat load of cash I'd be ready for a vacation too.

Remus October 9th, 2010 15:13

Is the this going to effect the future and development of The Witcher franchise?

Zloth October 9th, 2010 15:47

Quote:

Originally Posted by Philistine (Post 1061028509)
I agree with joxer. If I'd just completed a big deal and made a boat load of cash I'd be ready for a vacation too.

I would retire immediately with that kind of money - but then, I'm not the kind of person that would start a company out, either. Both of them wanting to take a 'rest' at the same time isn't at all likely. Maybe they were forced out, maybe they saw a new opportunity and are jumping on it, maybe they just didn't like the new setup… who knows? Honestly, it's none of our business.

Krzychu October 9th, 2010 16:49

I smell executive meddling. Reading some interviews with these guys, they didn't sound to me like people who wanted to quit, at least.

you October 9th, 2010 16:59

Almost certainly they disagree with some aspect of the new holding company. Normally these deals have some sort of anti-competitive agreement (at least in usa) but still I would expect them to start a new company. Sadly I would worry about how this impact witcher 2 and gog; havent' really paid attention to optima but if they have a history in pc gaming they will almost certainly apply it here.

fijau October 9th, 2010 17:08

Both of the CD Projekt (and GOG) founders stated, they are simply tired and want to get some rest before they compeletely burn out. They still hold most of the company's shares, but don't want to work there as CEOs for some time.

More interesting news is that work on The Witcher II goes just as planned and they've just completed the alpha version :) Here is the translation of this announcement.

KasperFauerby October 9th, 2010 17:25

Well, the gaming industry is a tough place to be.. especially in top positions. Lots of stress…

I can imagine (and understand) that after 16 years, many would have gotten their share. Especially if they had an option to step back with a lot of money :)

figment October 9th, 2010 18:08

This smells of executive board meddling. There maybe some truth to wanting to rest but I sincerely doubt the choice was theirs just like politicians in a scandal who leave office to be with their families.

Roi Danton October 9th, 2010 20:37

Quote:

Originally Posted by figment (Post 1061028526)
This smells of executive board meddling. There maybe some truth to wanting to rest but I sincerely doubt the choice was theirs just like politicians in a scandal who leave office to be with their families.

I highly doubt that you can force out CEOs that hold most of the companies shares. I have at least no idea how to do that.

Alrik Fassbauer October 9th, 2010 22:58

Quote:

Originally Posted by fijau (Post 1061028521)
Both of the CD Projekt (and GOG) founders stated, they are simply tired and want to get some rest before they compeletely burn out. They still hold most of the company's shares, but don't want to work there as CEOs for some time.

Well, there *are* people on this world who actually do this step … Others get burnt out completely.

http://en.wikipedia.org/wiki/Burnout_(psychology)

Dhruin October 10th, 2010 04:55

"Resting" is ridiculous. I've been in business all my adult life and senior executives are ambitious, driven people. They don't "rest" - that's what holiday and long-service is for. Either these guys have been paid out (which is fair enough) or there is some sort of power struggle.

skavenhorde October 10th, 2010 05:48

I only have one word to say about this…… DAMN!!!!

GothicGothicness October 10th, 2010 12:51

I bet they didn't like that TW 2 would be even easier than TW 1…………


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