Tweet by Randy Pitchford Proves Confirms Loss of $10M On Colonial Marines

Randy Pitchford, co-founder and current CEO of Gearbox Software, is apparently a pretty shit business man, demonstrably foolish, and should probably stop using Twitter for his own good. He admitted in a Tweet on July 14th, as reported by Gamespot, that he invested $10 Million of his own money on top of the other capital invested in the game.

$10 Million, of which he lost every penny when the game bombed. Besides the terrible business sense of the decision (isn't "don't invest your own money" a central tenet of business?) but it also raises some serious eyebrows regarding the quality of the final product. Was he trying to conceal the fact that the game was a load of crap with money?  Was something even crazier going on? Things seem to have spiraled downward for Gearbox over the last couple of years.

It's a shame that with so much money floating around Gearbox can't make anything decent. Hopefully they can turn themselves around in the near future.

Rumor Mill #2: Miyamoto to lead Nintendo?

The Wall Street Journal and My Nintendo News recently wrote articles suggesting that Shigeru Miyamoto is a likely contender to replace Satoru Iwata as Nintendo of Japan's CEO.  An interesting idea - Miyamoto is the personification of Nintendo's relationship with the fans and a worthy contender for carrying on Iwata's legacy.

Unfortunately this is all most likely bunk. Miyamoto is too heavily entrenched in the development aspect of game development. Mr. Miyamoto is somewhat like an inverse of Mr. Iwata. Both talented developers, both smart business men. But Miyamoto has always focused on the personal game development aspect while Iwata naturally gravitated towards the business aspect and later leading the company.

Bottom line: Miyamoto is too good at making games and too integral to that process to take the helm as CEO. What few rumors might exist are bogus.