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SCi facing investor assault; management asked to resign
SCi facing investor assault; management asked to resign
Joystiq - January 14, 2008
Submitted by sagexsdx (148) at 7:52AM PST on January 14, 2008
SCi Entertainment, parent company of Eidos, is under assault as investors demand the resignation of top executives. The Times reports things crumbled like a booby-trapped tomb after the company's stock plummeted last week following the announcement that management was pulling out of buyout talks; making matters worse was the discovery that SCi borrowed £30 million ($59 million) just to stay afloat until the end of the year.
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