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Take Two shareholders oust CEO

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.

Take-Two finds no buyers, to face shareholders Thursday

After postponing a shareholder meeting so as to court potential buyers, publisher Take-Two has announced that no deal has been made and the company will proceed with the shareholder meeting Thursday without any company interested in purchasing the controversy-laden publisher.

How bad will the meeting be for Take Two? Game Politics predicts that several major stockholders are planning to revolt, CEO Paul Eibeler will be ousted from his position and "T2-hatin' shareholder Jack 'RICO' Thompson may gain access to the microphone and spew his particular brand of vitriol at Eibeler and Take Two management."

Here's a plan: seeing as Thursday's event will be extremely entertaining, why not sell tickets to the event or broadcast the meeting, with advertising, on the internet? There's no perceivable way that the publisher will have an optimistic outcome, so they might as well monetize the entertaining disaster.

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