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More OnLive management moves: Perlman out, as investor Lauder settles for Chairman
As the OnLive storm continues to ride itself out, details of who the winners and losers are (mainly losers) keep washing up on the shore. Today's casualty seems to be CEO Steve Perlman himself, who -- just days after the firm reinventing itself -- is "departing to work on his myriad of other projects." In his place the former COO, Charlie Jablonski, is temporarily taking the reins, as well as continuing his role as head of operations in the new organization. Finally, completing this wave of announcements, is the news that chief investor, Gary lauder, will officially take the title of Chairman. So, as the new incarnation settles into its new structure, we'll just have to sit tight, waiting to see what the next chapter in the OnLive story is.
OnLive founder, CEO Steve Perlman exiting company; silent investor new chairman
eOnLive CEO and head Steve Perlman is exiting the cloud streaming company, according to a press release, just days after he was reaffirmed as its leader. The company's former operations head Charlie Jablonski is taking over as chief operating officer and will act as interim chief executive officer, while venture capitalist Gary Lauder – and new owner of OnLive – becomes OnLive's new leader."Steve has created an extraordinary company that no one else could have created. He is a unique entrepreneur and deserves his legendary status in Silicon Valley as a creator of groundbreaking companies," Lauder said of Perlman. Lauder asserted that, "the new OnLive is emerging with greater financial security and a brighter outlook on the future. OnLive is now positioned to execute against longer-term projects with our breakthrough technology, products, and services."The release doesn't say where Perlman's going just yet, only that he's "departing to work on his myriad other projects," presumably in reference to Mova, and his original startup, Rearden. It does, however, note that Lauder "plans to continue building the OnLive management team in key categories as the company delivers on its mission of breaking new ground in cloud gaming."
OnLive's mysterious benefactor revealed, 'almost half' of original staff hired on at new company
Venture capitalist group Lauder Partners, LLC – helmed by long-time tech investor Gary Lauder – is the group behind OnLive's new incarnation. OnLive representatives announced this morning that Lauder Partners' Gary Lauder is the "very accomplished and well known venture capitalist" that's helping bail out the cloud streaming service. CEO Steve Perlman spoke of Lauder in vague terms during the company's final meeting late last week.The new company will retain "almost half" of the original staff – OnLive employed approximately 150-200 during its height, and laid off over half of its employes last week when it declared a form of bankruptcy (ABC). Said employees will retain their current salary level in the new company; executives are said to be receiving "reduced compensation" from the transaction (as to retain more employees), and CEO Steve Perlman is apparently receiving nothing from the transaction. It's unclear why any executives would be receiving compensation from the transaction in a moment where so many staff are being let go.OnLive reaffirmed that "users should see no change in the OnLive Game or Desktop Services," and that "all of their purchases remain intact and available." The announcement also provided updated stats on OnLive's userbase, which "has over 2.5 million subscribers, with an active base of over 1.5 million subscribers."Update: OnLive tells us that the original company had "about 200 employees" (including temps) when the ABC process began last week, and "almost half had offers in hand at full salary when we made the transition." The rep also said OnLive "expect to get more offers out this week," and that it's "just a matter of processing the transition."
