Take-Two Takes Out CEO

[HardOCP News]

Take-Two shareholders have voted to oust the current CEO and three directors at the company’s annual shareholders meeting. Wow. You know things are going seriously wrong at your company when your stock goes up 20% on news of a shareholder revolt.

Shareholders of video-game publisher Take-Two voted to oust current CEO Paul Eibeler late Thursday and give control of the board of the directors to a group of hedge funds and mutual funds that had initiated activist action against the company.

 

[Eickst]

Oh great. So now the next version of "Bully" will be called "Tutor".

Say goodbye to the Grand Theft Auto series. It was great while it lasted.