Even though its investors are pretty much left holding the bag and most of its employees have lost all their stock options and unceremoniously shown the door, OnLive CEO Steve Perlman will hold onto his position at the company.
In a statement to OnLive Fans a company rep said that Perlman was still with the company:
"The recent transition was the hardest thing we at OnLive ever had to go through in our careers," read the statement. "It’s unprecedented to do what OnLive has done in even a major corporation, let alone a startup. Big companies can absorb the uncertainty of an R&D project this big. For startups, sometimes you are left with no choice but to do a ‘reboot’ if you are going to keep the vision alive, so it can once again grow and evolve."
"Steve continues as CEO and is currently concentrating on the transition; once this is complete, he’ll be very focused on our next product releases and the vision," the statement continued. "There will be changes to the organization both with old and new OnLive staff that will be bringing new features and games to the service. There will be more announcements – both large and small."
The unnamed representative goes on to say that Gary Lauder's investment firm picked up the pieces of the company because he believes that what OnLive does is the future of gaming.