To this day, Im still in disbelief that people can get GM of a games development with little to no experience. Its one thing to keep hiring people that have a bad track record on projects like Smedley, but is it that hard to find someone thats at least developed an outstanding single player game? I just cant fathom investing any of my money into someone just because they're my buddy, much less millions and millions of dollars?
Hell, if the pay is that high and credentials dont matter - they should hire me. Ill learn every g'd aspect of MMO development and run the tightest ship they've ever seen. Ill just refer to it as my third degree for future projects.