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Tim Sweeney is Epic's majority shareholder, so if you believe his actions were harmful to shareholders, doesn't that contract your stance that he was motivated
by dlubarov 6y ago
Tim Sweeney is Epic's majority shareholder, so if you believe his actions were harmful to shareholders, doesn't that contract your stance that he was motivated by greed?
- zepto 6y agoMore than 90% of Epic is owned by Sweeney and TenCent. No other shareholders are significant. TenCent controls Epic’s access to the Chinese market. Together, they decided to put Epic’s customers in harms way.
- enos_feedler 6y agoAgreed. But those aren’t the only shareholders. They took action that will ultimately damage the others (when this whole thing plays out). Do you think every shareholder is in agreement with this move?
- zepto 6y agoNo, I just don’t think the potential harm to minority shareholders is a good argument for Sweeney’s greed which can be evaluated in other ways. I don’t think Epic will prevail, but I respect the investors right to make a bet on Sweeney if they so choose. They can sell their stake if they like. Not so the customers, who Epic could clearly have protected but chose not to for publicity reasons alone.
- enos_feedler 6y agoGreed can motivate you to make a stupid move that ultimately harms you and others. That’s what is happening here.