Bankruptcy seems to have caught on as a fad in these testing times. Continuing the trend of course is Midway. Owner of the Mortal Kombat franchise, the company has already filed for bankruptcy. Another trend that the gaming company is trying to continue is that of paying huge bonuses to executives in key positions; ostensibly to retain their valued (?) services. And hence the statement that Ed Boon’s service is “critical to maximizing the value of one of the Debtors’ primary assets.” ‘Primary asset’ is obviously a reference to Mortal Kombat, of which Mr. Boon is a co-creator. Midway has asked the bankruptcy court that a “key designer” (a.k.a. Ed Boon) ought to be paid a bonus for retaining his services. And that by the way would amount to $900,000 for the sales of “Mortal Kombat vs. DC Universe” in Q4 2008 and Q1 2009, and another $105,000 for revenue from the “MK” franchise in those two quarters. Compare Boon’s million with $325,000 payable to 110 employees under the “design team bonus plan” for the same period and you’ll get some perspective. Before disapproving of the entire scheme though consider the fact that Midway’s filings also claim that a new game in the franchise is planned for the last quarter of ‘09. Perhaps the payoff is justified after all. Yeah right!
Via: Kotaku


























