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Onlive CEO fires staff, then donates $50,000 to health insurance fund

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31–40 of 55 posts

Re: Onlive CEO fires staff, then donates $50,000 to health insurance fund

#31
How many months of medical coverage through health insurance can you buy in the US for 55'000 USD?

In the case of my own health insurance outside the US, I could pay the premiums for about 11 years.

As a sidenote, living in a country where health insurance is mandatory and not linked to having a job, I am always shocked that Americans loss job and health insurance if they get fired. Isn't the getting fired bad enough, especially in today's economy?

Re: Onlive CEO fires staff, then donates $50,000 to health insurance fund

#32
post #31

How many months of medical coverage through health insurance can you buy in the US for 55'000 USD? In the case of my own health insurance outside the US, I could pay the premiums for about 11 years. As a sidenote, living in a country where health insurance is mandatory and not linked to having a job, I am always shocked that Americans loss job and health insurance if they get fired. Isn't the getting fired bad enough…

That is one of the problems in the US right now. Unless you or your spouse works at a business that gives good health care benefits, buying it yourself is prohibitively expensive.

The Affordable Healthcare Act (Obamacare) is trying to remedy this by creating the insurance exchanges and making everyone buy insurance. That should all be setup sometime in 2013 I think.

Until then, I'm staying in Germany where health care is actually affordable for self-employed people.

Re: Onlive CEO fires staff, then donates $50,000 to health insurance fund

#33
post #31

How many months of medical coverage through health insurance can you buy in the US for 55'000 USD? In the case of my own health insurance outside the US, I could pay the premiums for about 11 years. As a sidenote, living in a country where health insurance is mandatory and not linked to having a job, I am always shocked that Americans loss job and health insurance if they get fired. Isn't the getting fired bad enough…

It really really depends. If you're young and healthy you can buy many years of health insurance for $55,000. If you have cancer in remission, on the other hand, you probably can't buy health insurance on the open market for any price. Many other people are somewhere in between those two extremes.

On the plus side, it looks like the employees here are eligible for COBRA, which lets you buy into your previous employee health plan for up to 18 months. That at least gives you a semi-fixed group rate that doesn't depend on preexisting conditions. The regulated health insurance exchanges that should be opening by January 1, 2014 under the new healthcare reform will also (if all goes well) make things much better, albeit still much more complex and bureaucratic than necessary (living in Denmark now and contemplating moving back to the U.S., I'm not looking forward to the huge increase in healthcare complexity).

Re: Onlive CEO fires staff, then donates $50,000 to health insurance fund

#34
Hopefully this entire episode straightens itself out - I was worried that Perlman was not the man I judged him out to be from a far (talks/papers/history/work). It seriously undermined my confidence in my ability to judge the character of the people around me (I'm still doubtful of course - but this shook me a little bit more than usual).

Looks like a bit of poor cash flow management - mixed with some unfortunate acquisition manoeuvres lead OnLive to this rather nasty juncture (Sony's Gaiki acquisition - inability to monetize - inability to sign up profitably - too much scale too fast).

OnLive is still a great idea - and as John Carmack has stated (paraphrased):

> "Cloud gaming is a technical inevitability. It will happen within the next 5 years."

And someone is still going to make a lot of money. I'm still betting it'll be Perlman and his team.

Re: Onlive CEO fires staff, then donates $50,000 to health insurance fund

#35
post #2

If you want to stay a leader, this is how you do it. Treat every single person who sacrifices their time for you like family. That's a leader.

"My philosophy is that if I take care of you, you're going to take care of my business" - one of the best guys I ever worked for.

Re: Onlive CEO fires staff, then donates $50,000 to health insurance fund

#36
post #2

If you want to stay a leader, this is how you do it. Treat every single person who sacrifices their time for you like family. That's a leader.

Akio Morita, cofounder of Sony, said essentially this in his biography. Sony was, of course, the Apple of its time.

Re: Onlive CEO fires staff, then donates $50,000 to health insurance fund

#37
post #20

Earlier quoted context omitted.

A little meta, but whatever... I am not sure the reason, but the "this" thing really annoys me. Am I the only one?

It's just another word for "I agree".

HN and other sites have an 'I agree' button. Should that prove insufficient for expressing your enthusiasm for someone's comment, you can always find a grammatically correct way of saying "I agree", ranging from "I cannot more emphatically state my heartfelt support for your point of view!" to "FUCK YEAH!". "This." has always just seemed like a meme for the terminally grammar deficient.

Re: Onlive CEO fires staff, then donates $50,000 to health insurance fund

#38
Last week at this time it was popular to pile on Onlive's CEO to say "he fired everyone and stole the company!".

No one asked why he did it. The common thread was "he was greedy!"

That really pisses me off. We come to find out a week later that the company was days away from total insolvency and that structuring an ABC to deal with $40 million of debt was the only way to keep anyone's jobs. It's a brutally painful place to be.

Sometimes people do awful things for simple and awful reasons. But I believe that's rare. I believe some people are forced to do awful things that they would never otherwise do given the option. I think in this case people didn't want to know, or perhaps didn't care to know why it happened. They just wanted to blame someone.

I fear the media's growing lack of interest in the why.

Re: Onlive CEO fires staff, then donates $50,000 to health insurance fund

#39

Hopefully this entire episode straightens itself out - I was worried that Perlman was not the man I judged him out to be from a far (talks/papers/history/work). It seriously undermined my confidence in my ability to judge the character of the people around me (I'm still doubtful of course - but this shook me a little bit more than usual). Looks like a bit of poor cash flow management - mixed with some unfortunate acq…

The only reason to believe he was a bad person, or not the person you thought he was, was a completely made-up and unsubstantiated hit article by Tech Crunch designed as link bait. Before that article, it was just another matter of a poorly performing business plan that needed to be addressed.

Re: Onlive CEO fires staff, then donates $50,000 to health insurance fund

#40
post #37

Earlier quoted context omitted.

It's just another word for "I agree".

HN and other sites have an 'I agree' button. Should that prove insufficient for expressing your enthusiasm for someone's comment, you can always find a grammatically correct way of saying "I agree", ranging from "I cannot more emphatically state my heartfelt support for your point of view!" to "FUCK YEAH!". "This." has always just seemed like a meme for the terminally grammar deficient.

Technically the upvote/downvote aren't for agreeing and disagreeing, they're for curating the content to stay on-topic.

But in practice everyone uses them as agree/disagree.

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