Dragon Con has Finally Freed Itself from Ed Kramer

Here Be Dragons | 10 July 2013 | 0 Comments   

 

This is an article I am extraordinarily glad to be writing.  It is also one with a long backstory, so bear with me while I summarize

A few months back, I wrote about Ed Kramer, one of the founders of DragonCon, and also a filthy perverted child molester (allegedly).  Because he was still a shareholder, Kramer drew a massive annual stipend from DragonCon, and was using said stipend to help fund his multiple legal battles and keep his (alleged) child-molesting ass out of jail.

Because of this, a lot of authors and geek figures were demanding that people boycott DragonCon.  Though the con itself no longer had any ties to Kramer beyond the financial, the idea of giving money to an institution that was helping keep an (alleged) child molester on the streets squicked a lot of people out. And for good reason.

DragonCon did address their fans’ concerns, but really, there was little they could do.  The only solution many could see was for DragonCon to dissolve its corporate identity completely and reform itself sans Kramer, but there was a severe potential for litigation there.  It seemed a solution was not soon forthcoming.

But here it is.

In an official statement, DragonCon officials have said:

“Led by Pat Henry, David Cody and Robert Dennis, ownership of Dragon Con includes five of the six founding owners of Dragon Con / ACE (the old Dragon Con). The effective date of the merger is July 8,
2013.

Edward Kramer, who has not had any role in managing or organizing the convention since 2000, was offered cash for his shares in the old company. Financial terms of the transaction were not disclosed.

In this merger, Dragon Con, Inc., replaces the old company, Dragon*Con/ACE Inc. Pat Henry and four other shareholders exchanged their shares in the old company for 100 percent of the shares in the new company. Ed Kramer, the remaining minority shareholder in the old company, was cashed out. Dragon*Con/ACE Inc. no longer exists.

As a consequence of this merger, Mr. Kramer no longer has any interest, financial or otherwise, in Dragon Con.”

There you are, my friends, Kramer is out of the picture, and we can all purchase our DragonCon tickets guilt free.  Happy con-going!

Check out more details and Twitter reactions from authors at The Mary Sue.