Harmonix Founders Get $300 Million Bonus
Bloomberg reports that the duo, who started Harmonix in 1995 during their time at MIT, "received $150 million last quarter for exceeding performance targets" and are due another payment "exceeding $150 million" in 2009.
"We may not have anticipated the payment would be that high, but it's based on what they have achieved," said Viacom spokeswoman Kelly McAndrew.
Lest readers think that Rigopulos and Egozy have suddenly stumbled upon a goldmine, the team have received performance-based bonuses for some time. $208 million was set aside to be paid out to former Harmonix shareholders in 2008, adding to the $175 million also paid to acquire the Boston-based developer.
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ToastyMcNickels
replywait till obama hears this.
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If that's reported as normal income, they owe the feds $52,500,000 each.
If that's reported as capital gains, then they owe the feds $22,500,000 each.
Definitely not paying their fair share.
/sarcasm
Man that's gotta hurt. Work so hard for so long, become successful, and then get robbed blind.
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If it was reported that they had earned $100 million each or $130 million each with no tax liability, would they still have been considered to have been "robbed blind"? I'm sure once they get those checks they'll sit around moaning about how much it hurts.
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Huh?
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