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...)

Afterburner Climax and Crazy Taxi are half-off on Xbox Live Marketplace this week

Starting tomorrow, March 29, frugal gamers looking to dip their toes into Sega's franchise pool for something new to play will find two entries from its most iconic series to be half-off. After Burner Climax and Crazy Taxi will have their prices slashed down to $5 (400 MS Points). The sale is only extended to these two titles from Sega's staple and lasts until Friday, April 1.

After Burner Climax is the obvious choice between the two here, but if you're vehemently against The Offspring or Pizza Hut, then maybe the XBLA port of Crazy Taxi is for you. Either way, remember: you can always download the free trial first. Try before you buy,... (Continue Reading...)
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