Eve Online Employees Paid in Foreign Currency During Economic Meltdown

Employees of Eve Online developer CCP Games were paid in foreign currency during Iceland’s economic meltdown in late 2008/early 2009.

gamesindustry.biz reports that the unusual action was taken due to wild fluctuations in the value of Iceland’s krona. CCP Executive Producer Nathan Richardsson told gi.biz: 

What really was the problem for us was how many of our employees were hit by the [financial] crisis…

We’re not out of the woods yet, not by a long shot, but at the very least we could leverage part of CCP’s infrastructure that you wouldn’t normally think would benefit your employees – allowing people to be paid in foreign currency, for example, makes it much more stable for people looking towards the future – when being paid in Icelandic Krona was still fluctuating by a few per cent here and there, it was very volatile and you can’t really work with that kind of currency.

Tweet about this on TwitterShare on FacebookShare on Google+Share on RedditEmail this to someone

Leave a Reply