Posts tagged "business"
July 10, 2012
June 29, 2012
It's still the Kochs vs. Cape Wind
June 27, 2012
Curt Schilling’s Moral Obligations, and Rhode Island’s - Bloomberg
Performing on the 38 Studios guarantee will cost nearly $100 million, a nontrivial amount in a state with just more than a million residents. Rhode Island lawmakers owe taxpayers an explanation of why the state issues moral-obligation bonds. If the answer is in order to preserve the option of default, they should provide guidance as to what kind of circumstances would lead the state to consider defaulting — and how that guidance relates to 38 Studios.
R.I. hires Providence law firm to try recouping blood from a stone
June 26, 2012
EXCLUSIVE SUNDAY PREVIEW | GLOBE MAGAZINE
Dungeons & debtors in the video game industry
The game Curt Schilling hoped would become a “Lord of the Rings”-size franchise now returns to the creative fires whence it came. Epic fail.
(ILLUSTRATION BY JOHN JAY CABUAY)
Curt Schilling is a bum.
Reblogged 10 months ago from fuckyeahrhodeisland (Originally from boston)
"I'm tapped out, if that helps"
I guess it helps a little bit.
June 18, 2012
Curt Schilling still whining he didn't get enough handouts from RI
June 15, 2012
Ology Politics: Curt Schilling Owes Citizens Bank $2.4 Million, And They Want Their Money, Like, Now
So, remember when it came out, as part of the airing of dirty laundry that accompanied the demise of 38 Studios, that Curt Schilling had chosen to use $4 million of Rhode Island’s $75 million loan to pay himself rather than make payroll? Seemed pretty selfish, right?
Reblogged 11 months ago from ologypolitics
It is extraordinarily difficult for someone at the top of one field to reach the top of another, totally unrelated field. Schilling did try to hire experienced gaming execs to help fill in the blanks, but ultimately he was an ex-ballplayer in charge of a digital content corporation. And he often fell back on ballplayer habits, like wanting total control (his money, his family members on the board, etc.). Not necessarily a recipe for failure, but certainly not the base ingredients for success. Dan Primack, Fortune
Curt Schilling 'refused' to pay back debt, according to bank
To be fair, they’re bill collectors—what do you expect them to say?
June 14, 2012
R.I. Labor Dept. suspends investigation into 38 Studios because of bankruptcy filing
“Unpaid wage claims become a matter for the courts when a company declares bankruptcy or is placed into receivership.”
How Curt Schilling’s video game company duped Rhode Island out of $75 million
Perhaps the best path would be to take advantage of the fact that the 38 Studios bonds are moral-obligation bonds rather than general-obligation bonds, and simply default and refuse to pay. The big downside to defaulting is that it makes it much harder to borrow money in the future. But considering Rhode Island’s track record of debt-financed economic development schemes, that might be a blessing in disguise.
The gummint would like to talk to some people about 38 Studios
June 13, 2012
June 12, 2012
Legal Malpractice! Yay!
The Chafee administration wants to know whether Rhode Island taxpayers have legal avenues to claw back some of the tens of millions of dollars they’re poised to lose after the collapse of 38 Studios.
The governor’s office is close to choosing a law firm to examine whether Rhode Island can seek damages from the professional liability insurance policies of those who worked on the $75 million loan guarantee, a person familiar with the discussions told WPRI.com on Monday evening.