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bevgap

04/04/07 8:51 AM

#10312 RE: DiggR #10310

What happened with Chuck E Cheese was that first off he was young and very rich. Then he started not paying much attention to it and started focusing his time and money into other projects. In the 80s all of a sudden teenagers lost the interest in a concept like CEC. Because he was taking the profits from CEC to do other things and was yachting around it was to late. The board of directors were mad and voted him out. So I don't understand why that would be so discerning given that this time he has all his attention focused on Uwink, he learned from his mistakes and he doesn't give up. Plus he was able to make his vision a reality with both CEC and Uwink.
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jjack1137

04/04/07 10:47 AM

#10316 RE: DiggR #10310

He even said he likes to start company's up and sell them and do it all over again, not run them for a long time
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Rawnoc

04/04/07 6:08 PM

#10350 RE: DiggR #10310

"In 1981 Bushnell turned day-to-day food operations of Chuck E Cheese’s to a newly-hired restaurant executive and focused on Catalyst Technologies."

"Nolan tried to step back in, blaming the money problems on over expansion and saturation in local markets by the management team. He resigned in February of 1984, when his attempt was rebuffed by the Board of Directors. Chuck E. Cheese's Pizza Time Theaters (now named after its famous mouse mascot) entered bankruptcy in the fall of 1984."

http://www.answers.com/topic/nolan-bushnell


Rational enough? It went bankrupt 3 years AFTER he was no longer in charge, and he tried to come back and save it.