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this post was submitted on 15 Aug 2023
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Guy comes into the company and uses illegal, fraudulent methods to take it over. He then demoted the co-owners (and founders) to mere "employees" so they could be fired. The plan was to then sell the company to a big publisher and walk away with all the money.
Ok... But I still not quite get how you take the company over with il·legal, fraudulent methods.
There's a bunch of articles and videos that go over how it happened. It's not too different from what happened to Interplay back in the day. Here's one overview: https://www.youtube.com/watch?v=k7Xu4GvpN9U