Notes from the Take Two Revolution

Notes from the Take Two Revolution

March 30, 2007
GP offers a few random thoughts about yesterday's upheaval at GTA publisher Take Two: 

Everyone loves a good show. Unfortunately, Thursday's shareholder meeting was devoid of drama. Truth be told, the half-hour audiocast was pretty dull.

Despite making noises for months about attending the meeting, anti-game attorney Jack Thompson, who bills himself as Take Two's "most abiding and successful opponent,"  was an apparent no-show. At least, he wasn't heard on the audio.

More abiding - at least she was abiding enough to actually show up - was a representative of a religious order who made an unsuccessful motion apparently directed at GTA's game content. As reported in the company's summary of the meeting:
A shareholder proposal requesting that the Board of Directors' Compensation Committee include social responsibility, as well as corporate governance and financial criteria, in setting executive compensation was defeated.

NY Post columnist Roddy Boyd doesn't see the firing of CEO Paul Eibeler as a panacea for Take Two's woes, writing:
Take-Two's multi-year regulatory woes - running the gamut from accounting fraud to options backdating - are no closer to being resolved.

We got a minor laugh from the graphic (seen at left) included with Boyd's report in today's edition of the Post.

Coincidentally - or, perhaps not - the first trailer for Grand Theft Auto IV was released by Take Two subsidiary Rockstar a few hours after the meeting.

Comments

Well, I have a feeling JT didn't show up, because the odds of him keeping quite are nil. As for the GTA 4 trailer, the game looks beautiful and it appears that it will be taking place back at Liberty City. I also assume the chap in the video will be our key player.

-Auto
Im not surprised that JT didnt show up.
Well, the trailer was scheduled to be released at this point for over a month.
Well now I want to play GTA4, looks nice
Jack Thompson was just too chicken to show up. He knows he's screwed in this, so he didn't want to publicly humiliate himself further. Oh, and if he's a Christian, what happened to "judge not and ye shall not be judged"?

GamePolitics ShoutBox

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Posted 11/08/09 at 01:06am
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JDKJ: BREAKING: In a photo-finish at the wire, House passes health care reform bill. Relatedly, in a fit of pique, Austin Lewis kicks innocent dog.
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JDKJ: Which could be explained by both (a) and (b).
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Austin_Lewis: JDKJ: You forgot C) the fact that, for some reason, every time he did something that would suggest he shouldn't be in the military, let alone an officer, higher ups ignored it or let it slide.
Posted 11/07/09 at 10:51am
JDKJ: Part of the problem is, I believe, that (a) the Army had a lot of time and money already invested in him and which they were unwilling to simply write-off and (b) an increasing need for the type of skills and services he provided.
Posted 11/07/09 at 10:48am
JDKJ: And that even if he was begging not to get cut loose, he was apparently a real good candidate for being cut loose, anyway.
Posted 11/07/09 at 10:11am
JDKJ: @chada: And while Kennedy once noted that there's usually more than enough blame for everyone to get a slice, the possibility that the Army was unwilling to cut loose someone who was asking to get cut loose could be a factor.
Posted 11/07/09 at 10:07am
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