Take Two shareholders oust CEO

by Ross Miller { Mar 30th 2007 at 1:18PM }

Did you catch the Take Two shareholders meeting yesterday? Don't worry if you missed it, the event turned out to be much less dramatic than we had hoped. However, it was not without some ruffled feathers, as now-former CEO Paul Eibeler was shown the door. Taking his place is Ben Feder, a former executive at News Corp, as acting CEO.

Michael Pachter of Wedbush Morgan Securities expresses disappointment that the new management is giving themselves a three- to six-month window. Also, Pachter said of Feder, "he appears to have no meaningful experience managing a large organization, nor does his resume suggest that he has any practical experience in the video game industry."

Game Politics has a roundup of more opinions regarding this executive shuffle. Our take, however limited in scope, is that Eibeler was a beacon for bad news. His ousting can only spell an upward trend.

Tags: eibeler, game politics, GamePolitics, michael pachter, MichaelPachter, pachter, paul eibeler, PaulEibeler, rock star, RockStar, take 2, take two, Take2, TakeTwo

Reader Comments (Page 1 of 1)

waLLy @ Mar 30th 2007 1:28PM

They replaced him with a Fox guy? Interesting to see how Jack responds.

samfish @ Mar 30th 2007 1:33PM

News Corp?!

I guess this means that GTA IV will have a bunch of characters whining about how evil 'libs' are, then?

LaughingTarget @ Mar 30th 2007 1:49PM

Former News Corp. Maybe he wasn't conservative enough for them.

Anyway, the real question is how he reorganizes Take Two (if at all).

MewMewtwo45 @ Mar 30th 2007 2:20PM

People forget Rupert Murdoch is a huge Hillary Clinton fan and has held several fundraisers for her.

But I guess she must be a Republican or something.

mr mobius @ Mar 30th 2007 2:34PM

Its all one big conspiracy against Jack Thompson!

Thats the only logical reason for this happening.

baby sea tuna @ Mar 30th 2007 2:37PM

Yeah, $50 says He-Who-Should-Not-Be-Named takes credit for this one...

geekster @ Mar 30th 2007 3:05PM

Sweet! A whole lineup of news related video games! Might as well... it's the newsy types who love reading about video games news. Seriously -- I actually get this.

Tom @ Mar 30th 2007 3:15PM

He was fired to keep him from getting too close to the truth!

GhaleonQ @ Mar 30th 2007 3:37PM

Good riddance. They were all inept.

NoHitHair @ Mar 30th 2007 5:46PM

Mr. Feder may not have necessary video game experience, but at least he'll do an excellent job of inserting grossly ignorant propaganda into the company's titles.

Hell, they should even consider creating another talk radio station based upon that premise.

http://blog.myspace.com/nohithair