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Info: MindArk's CEO Henrik Nel Jerkrot resigns

Angela Draniie Cloud said:
They gave large severences to the last group of people they got rid of Looked to bout between 6 months to 1 year pay depending on how much that one CFO? or whatever the fuck they were got.
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Salary severances aren't really large and standard practice for sudden layoffs. It avoids negative PR and is generally the right thing to do. I am assuming you are referring to the large layoffs for AI that backfired.

Art Jennifer said:
Why TWEN is still on
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3 more days left per their announcement a couple months ago.
 
atomicstorm said:
Salary severances aren't really large and standard practice for sudden layoffs. It avoids negative PR and is generally the right thing to do. I am assuming you are referring to the large layoffs for AI that backfired.
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Yeah I guess this was specifically due to the AI, although who's to say if it's backfired. They got more money for their share holders while not needing to make a better product. Although, According to Ubers, this game is in the best states it's ever been in.
 
Angela Draniie Cloud said:
Yeah I guess this was specifically due to the AI, although who's to say if it's backfired. They got more money for their share holders while not needing to make a better product. Although, According to Ubers, this game is in the best states it's ever been in.
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Cheerleaders.

It did, in fact, backfire.
 
The end is near.. a year filled with new items and twen! Spina! Ect.. get people sending big money on new items in an economy base on what people are willing pay for an item with no real world value, so when it does go to shit, MA have had the real money and you get back absolutely nothing "TT value" when it all comes crash down... we are all doomed. Now let's get back to shooting bots!
 
seems ironic that the people commenting on this thread are the same people that were here over 5 years ago. where's all the new players?
 
Being a business owner and knowing the plus and minuses, I suspect his leaving has more to do with a shake up in salary or dividends.

The stock options from all have more to do with panic and sell out of options.

OR
He really has a personal issue. Either way ..Bon Voyage
 
Terminator said:
TWEN is on until TFEN arrives in 2028 ! :)
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Would be a logical continuation of out of instance tokens.
Seasonal boxes already carry over.
 
Carmstrong said:
The end is near.. a year filled with new items and twen! Spina! Ect.. get people sending big money on new items in an economy base on what people are willing pay for an item with no real world value, so when it does go to shit, MA have had the real money and you get back absolutely nothing "TT value" when it all comes crash down... we are all doomed. Now let's get back to shooting bots!
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Seams to be like Crypto Currency, atm if you can sell Crypto Currency to someone for FIAT Money you get something in Return, same as with Ped from Entropia.
If no one wants your Crypto, EU does not buy the Peds you want to exchage for FIAT Money, you do not get anything for it.
 
Well, I'm sorry to hear of his "personal reasons" good luck to him in the future...

On another note this is could be very good for Entropia as it enters the Unreal phase. It's kinda long overdue to get someone new at the helm with some fresh ideas and true follow-through. Some of the biggest flops for EU have been with him at the helm.

Let's see what comes of this....
 
No chairman message thanking Henrik for his valuable contribution and effort as CEO, over the last few years. Just he's gone, here's the new guy.

Interesting. I smell a difference of opinion. 🤣🤣
 
RickEngland said:
I smell a difference of opinion.
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A difference of opinion between two wrong pathways maybe?
Gold lies at the core of EU, and is keeping us going even now. We orbit here, we orbit there, they make money, they lose it again. They sell us something and get to continue.
I do wonder whether a new path will be obvious, though, or implemented before the next 'turn of events' brings us full circle again...
 
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The only way this company does well and grows their product to it's potential is a massive overhaul from the top down.

New board, new C suite, new forum moderators, everyone needs to go. Someone with balls needs to step up, gut it and bring in actual talent.

It's the only way the corruption and incompetence can be cured.
 
In Love With said:
shot itself in the food
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I gave this as prompt to one of the current popular AI image generators (as-is including the typo) and the outcome made me imagine that this is what may have happened in the company. Fresh ideas are like fresh pepper in your soup, it tastes great but take too much and it makes you sneeze...
 
Your 'Every man' signature is a bit 'limiting', but Schopi may have been on to something there.
So, what is within the limits of this CEO?

Will he widen the access to the shop to include a simple bank transfer for later spending as desired, or include a 50 day move peds to shop option?

It's not as if peds cannot be withdrawn, is it? In fact, the stats on withdrawals and how much MA keeps in reserve may already be skewed to their disadvantage by people withdrawing simply to be able to buy boxes/keys etc from the shop with what used to be peds anyway...

It could be that the whole UI fiasco has led to this, despite the use of the term 'personal reasons'. However, I'd expect a change in CEO to change the balance moving forward, whatever the ultimate causes. Which side has Leif been on, and is there still ongoing conflict that may be important in deciding who the longer-term CEO will be?

Most CEOs seem to want to leave their mark on the company in my general experience. What other ideas do long-term players wish to see if there is a change in direction?

A good film to watch might be "Free Guy", about an NPC who becomes sentient, plus a plot thread about a rivalry in the background.

We are so very much on the verge of AI usefulness for large language models in virtual worlds too, that that would game-change EU much more than even a whole new graphics engine will. What about procedural generation integration to make EU so very much larger (and even unvisited by devs themselves, but with seeded things to discover)?

Thoughts, acting CEO?
 
atomicstorm said:
Salary severances aren't really large and standard practice for sudden layoffs. It avoids negative PR and is generally the right thing to do. I am assuming you are referring to the large layoffs for AI that backfired.
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This is not true, everyone is entitled to severance package based on how long they worked at the company. There is an option that employee signs an agreement where they basically give up their rights to sue or take severance from the company (the government still pays severance if they were fired, of course if the fired employer decides to ask for it).

There were a lot of discussions regarding this, but you can look into labor laws in Europe, all countries has the about the same laws, even the so called "third world countries" on European continent has these laws aligned with european union countries. So has nothing to do with negative PR or doing the right thing, and everything to do with Sweden labor laws.
 
Sulje said:
This is not true, everyone is entitled to severance package based on how long they worked at the company. There is an option that employee signs an agreement where they basically give up their rights to sue or take severance from the company (the government still pays severance if they were fired, of course if the fired employer decides to ask for it).

There were a lot of discussions regarding this, but you can look into labor laws in Europe, all countries has the about the same laws, even the so called "third world countries" on European continent has these laws aligned with european union countries. So has nothing to do with negative PR or doing the right thing, and everything to do with Sweden labor laws.
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There actually is no such law in Sweden. It's often negotiated tho with an NDA, if one is needed, as you mention about giving up rights to sue, to apply for the same job back at a later time etc. But unless its negotiated prior or afterwards there is no law making you entiteled to a penny should you be laid off or "resign".
 
After some time posts from today will settle down to being cleary from April 1st, but for a week or so we will see these as simply posted on 'Monday'. Just as guidance to be aware of the posting date ... in case content today is even less worthy than usual...
 
Raffaele Meiers said:
Seams to be like Crypto Currency, atm if you can sell Crypto Currency to someone for FIAT Money you get something in Return, same as with Ped from Entropia.
If no one wants your Crypto, EU does not buy the Peds you want to exchage for FIAT Money, you do not get anything for it.
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Just a point of note and maybe is your point (I can't really tell from your sentences) - PED Is not crypto currency and is actually worthless on its face. Mindark lets you redeem 10 ped for $1 USD minus wire fees (and a rake) in the same way stake.us (for example) or other sweepstakes casinos lets you redeem SC for fiat, but all this could be subject to change in the future. Just wait until you realize the tax implications.
 
jetsina said:
A difference of opinion between two wrong pathways maybe?
Gold lies at the core of EU, and is keeping us going even now. We orbit here, we orbit there, they make money, they lose it again. They sell us something and get to continue.
I do wonder whether a new path will be obvious, though, or implemented before the next 'turn of events' brings us full circle again...
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Difficult one though isn't it, convincing your existing players there's personal value just around the corner, and trying to find new players trying to get to level 500 to catch up 🤣🤣. I'm not a fan of these insanely priced weapons, the consequence of MA trying to seek revenue selling thier own wespons.. But hey it earned them money for a few more years. On the plus side players lap up new content, so it rolls on, whoever is running through show.
 
We're straying into various arguments about economics now I think, but I think any CEO of a virtual world with an RCE needs to be aware of growth problematics (is that still a global total of precisely ONE?), and EU is up against various problems right now in my opinion, so I think it's ok to mention it and wonder what the acting (and at some point new) CEO believes.
 
jetsina said:
We're straying into various arguments about economics now I think, but I think any CEO of a virtual world with an RCE needs to be aware of growth problematics (is that still a global total of precisely ONE?), and EU is up against various problems right now in my opinion, so I think it's ok to mention it and wonder what the acting (and at some point new) CEO believes.
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They shouldn't call themselves CEO's in the first place. I was watching the news earlier, the young woman running a nursery labelled herself the chief executive,...ffs seriously. Most of these people are average middle managers at best. I struggle to take any of them seriously when they embrace these corporate titles in tiny firms, it just turns me off instantly. I can live with a managing director title in these small firms. So there we go..... we have wannabe CEO's selling the expectation of a real global CEO. Doomed to failure from the start haha. CEO right? What's your global strategic plan and vision to be appeciated in awe by the market and your 100k employees? Just watch and laugh, it's entertainment and who knows they may bet it all on red, get lucky and claim their title matters. 🤣🤣
 
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