Take Two's Plan to Screw EA in case of a Buyout!

[Elven6]

Pretty interesting read here over at Kotaku about a Severence Package. Basically what it outlines is that Take Two made all their employees sign a contract stating if they were ever bought by EA or any other company, and then fired and mabye layed off, they would be entitled to triple their current salary for 18 months! This only applys to the executive since when this kind of stuff happens their usally the first to go.

For all other employees: They are entitled to receive 6 months pay. If Take Two's plan is to screw EA or any other Rival company that may buy them over, then they should atleast give the none executive employees double the salary for six or so months.

Source (http://kotaku.com/365482/take+two-severance-package-detailed)

[JKKDARK]

That's a good contract. Anyway I don't think anyone will buy Take Two

[Elven6]

If they will, Take Two would want ALOT of money, like any one in their situation. I head Microsoft had $40 billion rolling around somewhere :)

[phsychokill]

EA is only trying to get take two now as GTA4 is finnished and due out and will be one of the biggest games of the year if not the biggest. EA make no realy good or unique games that is why they are trying to buy every other game firm 90% of the games that do well for ea are from aquired firms. maxis made the sims ea aquired maxis, westwood made command and conquer and ea aquired westwood. the simple fact is ea is now worried because activision-blizard is now the biggest gaming firm.