Take-Two is not only
fighting off an EA takeover now, but also a
shareholder lawsuit alleging the company's management hid the EA buyout to enrich their own bank accounts. The suit lays out that days after Take-Two received the buyout offer from EA, the management approved a significant increase in compensation if a merger or takeover occurred. In terms of dollars, it means that
Strauss Zelnick's ZelnickMedia, which currently manages Take-Two, would make out with $16.5 million dollars, up from $3.8 million, if the company is sold.
Securities and Exchange Commission documents also show that Take-Two has created a severance plan for employees who could lose their jobs in a takeover. Employees will receive 1.5 times their salary and a bonus for 18 months. Observers note this is merely a "defensive move" to keep employees focused on their jobs and not looking for other work during the upheaval.
[Thanks to everyone who sent this in]
(Page 1) Reader Comments
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It is clear, that EA is the root of all this evil, and really, i can't see why we still put up with this kinda crap.
Gamers, unite, march into battle against the monstrosity that is EA.
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you forgot the best part about the comment from Jack Thompson
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Well my source tells me it is going to be quite a bit less than the other consoles...The graphics aren't equal to the other systems but the new input method will appeal to casual and hardcore gamers. I've also heard the system will have 99% crappy games.
According to metacritic
99% of wii games are under 96 rating
99.5% of 360 games are under 96
100% of ps3 games are under 96
Wii has the least crap games according to you and metacritic.
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I will be furious if EA takes over Take Two, we should organize a protest if this happens, and a petition.
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