Steve Perlman remains OnLive CEO in company rebirth

Steve Perlman is still OnLive CEO

OnLive CEO Steve Perlman is retaining his position as chief operating officer of the cloud gaming service, despite over half of his employees losing their jobs when the company shut down. OnLive amassed debts of over $30 million, but was acquired by Lauder Partners, LLC with the company's new owner assuring there is "solid financial footing."

Perlman's continuance as CEO was revealed in a letter from Lauder Partners to the OnLive Fans community. The letter also details that Perlman received no stock in the newly formed OnLive company, nor did he receive any compensation as part of the transaction.

During the original OnLive's final staff meeting last week, Perlman blamed himself for the demise of the company, making today's news all the more bizarre. "I'm the one that brought you here. I'm the one that ultimately made decisions. And I'm the one that ultimately takes responsibility. So I am sorry, and it didn't end up exactly as we'd hoped," he told the company's 150-200 person staff. Perlman's history beyond OnLive includes high-ranking positions at both Apple and Microsoft.