Take-Two is having the worst year ever. After the
Hot Coffee scandal tarnished the
publisher's name, their magical money-making machine was slapped with an Adults Only rating, essentially
suspending the company's income for a few months
until they could clean up and re-release the title.
Maybe it comes at no surprise that Take-Two's CEO Paul Eibeler has been slapped with the dubious title of "Worst CEO"
in an editorial on MarketWatch.com. Citing the aforementioned problems, as well as a "series of setbacks on the
rollouts of newer games - a perennial problem at Take-Two that appears to be getting worse," MarketWatch's
editorial (free membership required) has a point; maybe Mr. Eibeler needs to pressure Rockstar into churning out
more top-selling Grand Theft Auto sequels.
Reader Comments (3)
Posted: Dec 18th 2005 10:09PM (Unverified) said
A number of years ago, Take Two was a pretty terrible company that was hawking software no real person would ever intentionally buy. I'm starting to wonder if the success of GTA snuck up on them so quickly they were never able to properly restructure for success.
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Posted: Dec 18th 2005 10:09PM (Unverified) said
1.15 EPS and a 1.37 billion dollar market cap. Those numbers are alright, Besting other companies in the video game industry (i.e. Atari). The stock has been on a down trend but it's not in the tank. I doubt he knows much about coding a game or had any control over this hot coffee mod. I certainly don't see him telling the programmers it's a good idea. It's like blaming the McDonald's CEO for those nut jobs that sued them because some schmuck in one of their restaurunts didn't put the lid on right. How about the stuff CEO's of companies really are responsible for, like the overall business.
Reply
Posted: Dec 18th 2005 10:09PM (Unverified) said
All the "bad" things that have happened to Take2 are hardly a drop in the bucket when compared to some of the other companies in the last couple of years that have hurt people far more.
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