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CCP CEO Comments on Icelandic Economy

Posted by Keith Cross on Oct 16, 2008  | Comments

CCP CEO Comments on Icelandic Economy  - MMORPG.com

CCP CEO Hilmar Pétursson has written a blog entry commenting on Iceland's economic troubles, the current banking crisis, and how CCP stands to weather the economic storm.

On a sunny day in June 1997, CCP was founded in Reykjavik, Iceland. A lot has happened since then and today CCP is a global enterprise with offices in Atlanta, Shanghai, London and Reykjavik, with a diversified employee base and partner relationships that span the globe many times over.

CCP is fortunate enough to be well isolated from the current banking crisis we see around us on both sides of the Atlantic (and here in the middle of it, of course). Not only do we enjoy the privilege of a global customer base bringing a diverse array of cultural influences into our single shard world of EVE Online, but that same diverse nature inoculates us from short-term fluctuations in sentiment or economic turbulence. We have also made an effort to work with various financial institutions around the world, giving us the agility needed to manage our global operations around the effects of the credit crunch.

For all of us at CCP who are used to going about our work in a completely border-agnostic fashion, it is a bit unusual to watch how politicians around us tackle the global credit crisis that the world is going through in a very local way, even using the situation to score some points for the next rounds of elections. This local approach for political gain needs to abandoned for a more global approach as the world is dealing with a fundamentally global problem. The institutions are in place... Well, enough about that.

Read more here.

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