THQ CEO Farrell takes 50% pay cut, board of directors also takes cuts

THQ is definitely experiencing some troubles related to its uDraw flop and subsequent layoffs, as evidenced by a new document filed with the Securities and Exchange Commission.
President and CEO Brian Farrell will take a pay cut for the year starting February 15, which reduces his salary from $718,500 to $359,250. His salary will go back up the next year.

His golden parachute has also been tailored a bit more closely, as the payment he'd receive upon departure from the company (either termination "without cause" or resignation with "good reason") has been cut from three times his highest-ever bonus to just his highest-ever bonus. This is, of course, a small sacrifice compared to the THQ employees whose salaries went from "some" to "none."

The board of directors is also seeing some cuts: all the other directors have... (Continue Reading...)

The Who-autographed Rock Band guitar controllers auctioned for Teenage Cancer Trust

Prolific peripheral manufacturer Mad Catz has again teamed with The Who frontman Roger Daltrey to support the Teenage Cancer Trust -- and this time they've gotten Pete Townshend to leave his mark on this unique charity event. Both legendary rock gods have signed a pair of Mad Catz's Wireless Wooden Fender Stratocaster controllers (no strings attached) for Xbox 360 versions of Rock Band.

These cherry red rarities are up for auction on eBay -- one here and the other here -- until 9PM ET on Sunday, April 3. All proceeds will go to the UK-based Teenage Cancer Trust.

Okay, now can we get a... (Continue Reading...)


1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45