Having to fire a CEO is never a good sign for a company, especially when that company has recently seen massive losses and a board restructuring. But there's still one person willing to defend Midway's business strategy, and that person is, surprisingly enough, departing CEO David Zucker.
To be fair, Zucker was interviewed before his replacement by an interim CEO yesterday, but if he saw the writing on the wall he didn't let it show. "We expect to significantly grow our revenues in 2008," Zucker told GamesIndustry.biz last week, adding that naysayers have been predicting the company's demise for "for five years or so." Zucker emphasized that a combination of investment in new technology and established franchises like Mortal Kombat and NFL Blitz will provide the company's saving grace. That might well be true, but any turnaround will unfortunately come too late to be the saving grace for Mr. Zucker.