Harmonix Founders Get $300 Million Bonus

Viacom may be part of the same media empire as the money-hemorrhaging Midway, but that hasn't stopped the MTV Games parent from giving $300 million to just two men: Alex Rigopulos and Eran Egozy, founders of Rock Band developer Harmonix.

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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From The Chatty
  • reply
    November 10, 2008 5:18 PM

    wait till obama hears this.

    • reply
      November 10, 2008 6:57 PM

      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.

      Man that's gotta hurt. Work so hard for so long, become successful, and then get robbed blind.

      • reply
        November 10, 2008 7:00 PM

        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.

      • reply
        November 10, 2008 7:09 PM

        Yeah, they'll be living on the streets in a couple days.

      • reply
        November 10, 2008 11:38 PM

        How long and hard could they have possibly worked on an air guitar videogame? They're lucky as fuck is what they are. A nurse busting his/her ass 12 hours a day handling 6 critical care patients deserves $150 million before these guys if hard work is the criteria.

      • reply
        November 11, 2008 5:32 AM

        That's the price they pay to live in a civil society with a (usually) functioning economy and rule of law. Tough titties.

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