The thing is that this guy is not the head of a public company where shareholders demand massive and continually growing profits. So he acts in the interests of the consumer, the customer, the gamer. But if this was a public company, shareholders would buy shares and then demand he do something to grow that share price, so they can sell the shares later for profit.
When that happens we see that CEOs do everything they can to maximize profits, like promising release dates in earnings calls.
The difference between private and public companies is the single biggest threat to us all because as soon as the company acts in the exclusive interest of profit, everything else gets fucked. And most do.
That means employees, customers, everyone. Only the 1% benefit from the gutting of everyone else.
Technically public still means you act in the interests of the owners, aka shareholders (at least in germany anything else is illegal), it's just that naturally that will always be profit for the majority.
It's clear from context that he was discussing publicly-traded companies because, like you said, there basically are no public companies in the US. Your post is unnecessary and pedantic.
Those top level folks are sometimes "incentived" by bottom line targets and other end targets. So sure, you do get greedy people inside private companies.
I don't think shareholders driving for infinite profit is easily disregarded.
Maybe turn the AAA stock into a meme stock, have gamers buy that shit up and give reduced game prices to stock holders to incentivise gamers to buy them. Et voila, No demand for profit that costs quality in the gaming experience.
The difference between private and public companies is the single biggest threat to us all
Nah. One does not build a company to provide a service but to earn money. "Well-being of the company" only matters if you are sure you can sell it for more if you grow it more
There are a hundred different reasons to start a company other than to make profit. Don't be fooled by the lies of market capitalism. Some people want to create a legacy that generates income for themselves and their employees, maybe even their children. Not everyone is looking to sell to the highest bidder. With that said, the bigger the company, especially if they plan to go, or already are, publicly traded, or are owned by private equity firms whose sole focus is profit and value of the entity the more likely the assumption is true.
I agree — some gamers do not understand that the gaming industry is grown up now, or at least old enough to play in the big boy money league. And the big boys are not in the business to make games; they are in gaming to make business. Inherently different decision-making process.
Also, before someone buys something, someone has to sell out. So why do we always have a problem with the buyers, aka investors, whose intentions are clear but not the sellers?
Indeed, the game devs aren't "In it for the art" anymore, they aren't John Romero and John Carmack making Doom "Because it's cool" or Wolfenstein 3D "because I liked that Castle Wolfenstein game on the ZX Spectrum or whatever"
It's Cigar Munching old men who don't know what a Mario is, and don't care, they just know that the chart goes up when they release a product with a trending name, regardless of content.
I mean, the Doom guys were also doing it for the money, at least as a big motovator. But it was less profit-drivem, way more small and less corporate, with way less money on the line.