WoW one of the most prolific game studios in the industry isn't a circus and the speculation flying around the internet turns out to be all BS, who would have thought. /Sarcasm.
“They do [have management] actually. They have management, there’s the board of directors of the company, there’s Gabe Newell. Those guys at the top of the company definitely have opinions on how things should be run.”
BoD doesn't count as management. Management is is involved in the day to day operations. The BoD is not...well except if there are executive directors. I'd say the "no management" claim still largely stands.
Valve does actually know what they are doing, says Kim Swift
