Former CEO Textor deflects blame for Digital Domain’s failure, FSU comes under fire

Former Digital Domain CEO John Textor at a 2011 news conference announcing a partnership with Florida State University, which was to have allowed at least 300 students to earn degrees while studying at The Digital Domain Institute in West Palm Beach.

WFSU reports that former Digital Domain CEO John Textor recently spoke with South Florida’s News Channel Five and deflected blame for his company’s failure: “The problem becomes trying to deliver on your promises to the community. That’s not always consistent with the short-term whims of an investor market. One of the most difficult things we realized was trying to balance community goals with Wall Street goals.”

When Digital Domain went bankrupt, Florida State came under fire for not getting approval for the digital program from its own board, or the Board of Governors, which oversees all the state’s public universities.

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