Curt Schilling

Red Sox pitcher-turned-businessman Curt Schilling is seen in this file photo. Schilling's video game company, 38 Studios, reached a deal with Rhode Island officials to move to the state from Massachusetts.

  • In-Depth: 38 Studios Deal
House Dems' 18 bills to fix economy would overhaul EDC, add tax credits
House Dems: Revamp EDC to fix economy

House Democrats led by Speaker Fox proposed a major overhaul of…

Legal group rips Moody's over 38 Studios bonds
Moody's blasted over 38 Studios bonds

A Rhode Island legal-aid group is accusing Moody’s Investors …

USAA, Transamerica bought more than half of 38 Studios bonds, documents reveal
Docs reveal who bought 38 Studios bonds

USAA and Transamerica bought more than half the $75 million in …

RI agency: Suit against Schilling should go ahead
EDC: Schilling suit should go ahead

Rhode Island's economic development agency says there is …

Chafee speaks on 38 Studios payment
Chafee speaks on 38 Studios payment

Governor Lincoln Chafee spoke today against a proposal that …

Advertisement

Schilling emotional during magazine interview

Gov. Chafee levels criticism at former EDC head

Updated: Friday, 27 Jul 2012, 10:57 AM EDT
Published : Thursday, 26 Jul 2012, 4:37 PM EDT

EAST PROVIDENCE, R.I. (WPRI) - The author of a magazine article says Curt Schilling's ego and lack of business savvy played a role in the demise of 38 Studios.

Jason Schwartz – senior editor of Boston Magazine and author a 5,000-word exposé on the company – was granted a two-hour interview with the former Red Sox legend.

"He was in rough shape, he was feeling it. He teared up several times during our conversation," Schwartz said during a taping of WPRI 12's Newsmakers. "I think he knew he did something very bad to people he cared a lot about ... he was clearly in a lot of pain over it."

Schwartz said the interview took place on the edge of a Massachusetts softball field after Schilling had coached his daughter's team in a tournament.

"He was so successful playing baseball, the remarkable thing, I think, is he thought that would carry over," Schwartz said. "He thought, 'I know how to have success so this will work, if I just try hard enough like baseball.' And that obviously couldn’t be further from the truth."

Schwartz said a common theme that emerged in the scores of interviews he conducted was that 38 Studios did not act a startup. He found the company offered generous benefits like free health care.

"They matched 401k's to the legal limit, free gym membership… when the company started out they actually rented a couple of houses near the Maynard office [in Massachusetts] for people who were moving to town to crash in," Schwartz said. "Curt's instincts are to be a very generous person and he is a very optimistic person, but sometimes those impulses went against better sense."

Schwartz said after the deal was signed, it's apparent there was a stunning lack of oversight by the state of Rhode Island.

"IBM was supposed to be providing quarterly reports to the state," Schwartz said. "Originally those reports were supposed to be written down then delivered, then at some point shortly after the agreement was made they were switched to oral reports and meetings, which is just strange."

In an interview earlier in the week, Gov. Lincoln Chafee offered his harshest criticism yet of former EDC head Keith Stokes over the question of tracking the bottom line at the video game company.

Chafee said he thought keeping Stokes on as executive director of the quasi-public agency was the right move because he "was the biggest cheerleader of the deal.”

"If anybody was going to be on their side and make sure good things are happening its going to be Keith Stokes," Chafee told WPRI.com. "When I found out that wasn't the case I made a quick change at EDC."

Stokes resigned his position in May.

Tim White ( twhite@wpri.com ) is the Target 12 investigative reporter for WPRI 12 and Fox Providence. Follow him on Twitter: @white_tim

Copyright WPRI 12


Ground rules for posting comments: No profanity or personal attacks. Please comment on the subject of the story itself. If you do not follow these rules, we will remove your post. Keep it civil, folks!

Our commenting section is powered by IntenseDebate. If you registered for an account but didn't receive a verification e-mail, check your spam folder or click here for more information. For additional technical help, click here.

 

  • Contact Target 12

Contact Target 12

Do you have a tip for the Target 12 Investigators?

Advertisement
Advertisement
  • Target 12 on Facebook

Target 12 Facebook Fan Page

Follow the only investigative team in Southern New England and stay up-to-date on their undercover …

  • Site Tools