The Midtoon Herald, February 25, 2009
Zany Computer Games of America, a subsidiary of Killtendosoft LTD. announced today that the sales of their video game console, the WX-Station have been lower than expected for this quarter and that their Chief Executive Officer, Roland McDouglas will not have his multi-million dollar contract extended for another season.
"With announcements like that, it is a wonder he has kept his job as long as he has," said Jane Miller, an accountant who also works at City Hall. "These corporate CEO's have a long history of getting away with these humongous contracts even though their companies are going down the drain."
There are new laws in place in Midtoon that prohibit CEO's from getting humongous bonuses if their companies flounder. The No More Humongous Bonuses for CEO's act of 2008, specifically forbids such a practice.
Hanna Montara, a spokesperson for Zany stated that "The company is in good hands, now that the CEO has been, well, discontinued, and we are confident that we will come out of this process a stronger and better company."
The company did not announce how many jobs will be lost during This process. Hopefully it will only be the CEO, Right?
Disassociated Press
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