Retailing | A judge on Friday approved a proposal to pay Borders Group executives up to $6.6 million in bonuses as the bookseller reorganizes under federal bankruptcy protection. The company had originally requested $8.3 million — that figure met with objections from the U.S. bankruptcy trustee — in a bid to retain key corporate personnel. Since Borders filed for bankruptcy on Feb. 16, 47 executives and director-level employees have left, leaving only 15 people in senior management positions.
The approved plan comes with conditions, tying some bonuses to the company’s ability to pay creditors and save $10 million over the next two years in leases on the remaining stores or in non-personnel cost reductions. [Businessweek, AnnArbor.com]
Publishing | Dark Horse CEO Mike Richardson talks more about the publisher’s recent layoffs, saying that some reports of the cutbacks were overblown: “We have 150 employees. We let seven people go across three different divisions. What is that 4%, 5%? Our staff was just getting too large. The real reason for the layoffs is that we get worried about the cost of doing business. We’re sitting there looking at the rising health insurance costs, the changes in the cost of doing business. We thought we were going to get some relief in the form of cover prices moving to $3.99, but I guess the market’s made a really strong statement on that price. Meanwhile we’re getting squeezed on paper and printing costs at the same time — and creators certainly don’t want to take any less money.” [ICv2.com]
Broadway | A fourth actor was injured Monday night during a performance of Spider-Man: Turn Off the Dark, the $65-million musical that’s been plagued by delays and technical mishaps. Aerialist Christopher Tierney, who serves as a stunt double for Spider-Man and the villains Meeks and Kraven, fell about 30 feet when the cable to his harness snapped during the closing minutes of the show. Some equipment reportedly dropped into the audience as well. The performance was put on hold and then canceled as an ambulance arrived at the Foxwoods Theatre to take Tierney to Bellevue Hospital. Tierney is in stable condition, but no further information has been released. [BroadwayWorld, The Associated Press, CNN]
Publishing | Fantagraphics has laid off Dirk Deppey,The Comics Journal‘s online editor, former managing editor, and longtime writer of the Journalista! blog. His final day is Wednesday: “No regrets: The last ten years have kicked ass. I’ve done great things and meet interesting people, and was paid it. How great is that?” [Twitter]
Brigid did a round-up yesterday of various holiday gift-giving suggestions, so I thought I’d follow suit with some that I’ve seen lately.
• The Comic Book Legal Defense Fund is auctioning off original art by Paul Pope, Eric Powell, Gabriel Hardman, Tom Fowler, Dan Paosian and many more, as well as lunch with Chew writer John Layman in New York next week.
• I remember shoveling a whole bunch of quarters into the X-Men arcade game back in the day; my friend Mike and I beat the game as Nightcrawler and Wolverine. If you have an Xbox fan in your life, they too can fight the Blob, Magneto and more in side-scrolling action, as the game will be available on Xbox Live Arcade Dec. 15.
The PlayStation Network, unfortunately, won’t get it until February, so you’ll have to find something else this holiday season for the PS3 fan in your life. Joy to the world! The game will hit the PlayStation Network Dec. 14!
• Comics creator Ben Towle has a 20 percent off sale going in his web store, where you can purchase original art from books like Midnight Sun, signed copies of Amelia Earhart: This Broad Ocean and superhero commissions.
Chew, the action-comedy series by John Layman and Rob Guillory, has been one of the surprise hits of the past year, earning critical acclaim, Eisner and Harvey awards, spots on The New York Times bestseller list, and the attention of Hollywood.
So you might expect the speculator market to take interest in the quirky comic, which centers on police detective turned FDA agent Tony Chu, a cibopath who receives psychic impressions from whatever he eats. But does that interest amount to, say, $13,000? For one issue?
Guillory points this morning to an eBay auction for a Certified Guaranty Company-graded 10.0 copy of Chew #1 — it’s billed as “the ONLY one” — for a starting bid of $3,500. Or you could buy it now for a mere $12,999.
“Will this sell?” Guillory asked. “WILL IT?” He goes on to call the “Buy It Now” price “a steal.”
When asked on Twitter whether the issue is worth that much, Guillory responded, “As co-creator and artist of the book, I can (without bias) say YES. YES, IT IS.”
If you have an extra $13,000 burning a hole in your pocket, take note: The auction ends on Saturday. Chew #15, priced at just $2.99, is set for release on Nov. 10.
Welcome once again to What Are You Reading?, our weekly look at what’s on the night stands of the Robot 6 crew. This week our special guest is Kody Chamberlain, who you might know from such comics as Punks, newuniversal: 1959, The Foundation and his latest, Sweets, from Image Comics.
To see what Kody and the rest of the Robot 6 crew have been reading, click below …