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Flagship gaming website loses its video team as star of ‘Zero Punctuation’ resigns
(www.news.com.au)
this post was submitted on 08 Nov 2023
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I’m speaking from the perspective of how it will be spun. Why would Gamurs Group take a loss on this?
Ah. Well, doesn’t really matter how it’s spun. The Escapist was that company’s golden goose, and they just chased it off. Anyone with any brains in the industry or in private equity will be able to see that, regardless of spin. This isn’t in the interest of short- or long-term gains, it’s just a company-ending error by a fucking stupid exec.
That’s a very naive take on business practices that have made a lot of people a lot of money (which is why they continue). I really don’t see anything happening to any Gamurs Group execs beyond, say, their golden parachute deploying on their way to their next raider role. Companies don’t care about their holdings, they care about their balance sheet. Losing a company can make a ton on a balance sheet.
Again, I’m not saying any of this is right. It’s just how huge businesses work and all of it happens at the expense of employees first and customers second.
I think you greatly over estimate your knowledge of how business works.
You're like David Rose running around saying "it's a write-off!"