Jack Thompson Says He Will Lead Shareholder Revolt to Oust T2's Strauss Zelnick

December 26, 2008 -

Disbarred attorney Jack Thompson says that he plans to lead a shareholder revolt against Take-Two Interactive chairman Strauss Zelnick.

Of course, disbarred attorney Jack Thompson says a lot of things...

In this case, Thompson claims in an e-mail that he just scooped up some T2 shares at their current, distressed price:

TTWO is today trading at about $7 per share.  Zelnick blew it.  Thompson today bought a bunch of Take-Two stock at the $7 figure.

The reason Thompson has done this is to lead the effort by Take-Two shareholders to dump Zelnick.  It is long overdue, and there are already rumblings that Zelnick’s tenure at Take-Two has been a disaster, as anyone still holding stock that could have been sold at $26 and is now worth $7 and falling, can attest.

In the letter, Thompson refers to the Z-man as an "incompetent, reckless goofball," which is pretty funny, coming from someone with Thompson's track record.
 

Comments

Re: Jack Thompson Says He Will Lead Shareholder Revolt to ...

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

I'm guessing that T2 sees JT for what he really is; a harmless, nagging old man who is absolutely no threat to them personally, their company or their shareholders. If he wants to buy a handful of T2 stocks with his lunch money, they are more than happy to take his money. Its like that big kid on the play ground who keeps getting teased by that runty little mouthy one. You know the big kid could preverbally cold-clock the mouthy one, but the big kid knows the mouthy runt is no threat, so why would he exert himself.

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

Every time I see JT as the subject of a GP article, I take a week's vacation from reading the site.  Stop promoting him, it's what he wants.  See you in 09.

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

He should have been sued for that years ago, I don't see it happening.

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

Why the hell is this even considered news?  Seriously. How many more impotent, empty threats does this guy need to make before he gets ignored by everyone, even GP.  The man was disbarred and destroyed what little credibility he ever had.  Just let it go and ignore him.

- Jack's RICO suit against the ESA this past summer: NEVER HAPPENED

- Jack avoiding disbarment: NEVER HAPPENED

- Jack making the bar look like a bombed-out building (figuratively speaking): NEVER HAPPENED

- Jack donating $10,000 to charity when a game about killing game devs was made: NEVER HAPPENED

- Penny Arcade, Kotaku, GamePolitics being shut down: NEVER HAPPENED

- Bully causing an "epedimic" of slingshot injuries: NEVER HAPPENED

- Florida Judges needing criminal defense attorneys over loyalty oaths: NEVER HAPPENED

- Jack "destroying" Take Two & Rockstar: NEVER HAPPENED

- The ESA apologizing to Jack Thompson: NEVER HAPPENED

- Jack running for Judge: NEVER HAPPENED

 

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

Here's some more...

- Jack stopping that Photoshop contest: NEVER HAPPENED

- Jack ruining the NIMF (after Walsh distanced himself from JT): NEVER HAPPENED

- Jack's anti-games laws being "constitutionally bulletproof": NEVER HAPPENED

- Getting Take Two penalized for advertising Bioshock on Smackdown (via FCC complaint): NEVER HAPPENED

- Jack "owning" the Florida Bar: NEVER HAPPENED

- Jack exposing the Florida Bar as some kind of Gay-controlled mafia (his "smoking gun"): NEVER HAPPENED

- Jack working together with EA to help them acquire Take Two: NEVER HAPPENED

 

He's on the fast track to getting sued for libel, slander, and harrassment.  He may very well end up in jail before 2010 (taking bets). 

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

 Wow when you list them all like that, it's pretty pathetic...

and i'm sure that list is just the tip of the iceberg.

 

if I was him i'd go into hiding and have plastic surgury so no one can recognise me

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

Jack Thompson suing Zach Fleming: Almost happened.

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

Don't kid yourself, it never happened and never was going to happen.

E. Zachary Knight
Oklahoma City Chapter of the ECA
MySpace Page: http://www.myspace.com/okceca
Facebook Page: http://www.facebook.com/profile.php?id=1325674091

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

Jack Thomposon suing me: NEVER HAPPENED

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

They aren't getting rid of their cash cow anytime soon.

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

Hes just still miffed that a Judge got to see Bully played in court and long before he could have a go himself. I swear this is all just an elaborate front and that hes actually got a massive ultra violent games collection hidden away behind a metal door in a basement... Or something.

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

"In the letter, Thompson refers to the Z-man as an "incompetent, reckless goofball," which is pretty funny, coming from someone with Thompson's track record."

Yeah, Thompson is definitly one to talk.  Whats the phrase, people in glass houses shouldn't throw stones?  Well, all of Jack house is probably all broken by now.

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

He jsut wants to replace Zelnick with someone he can easily bully into cancelling games he doesn't like.

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

This guy doesn't quit. Well here's the bright side about this. Jack is all talk and no play. I fail to see how he can keep this sharade up.

Hey Jack I bet this is irratating as heck, seeing us point out your flaws and unable to say anything about it. Haha.

Anyhoo, like always, I doubt he could do anything and I doubt anyone would really listen to him anymore. I would so love to pop his giant bubble of an ego but somehow he always patches up the hole.  This is how I see it, another attempt to stop violent video games in which it will fail and he will have more embarrasment. End of story.


Btw Hope everyone here had a merry christmas. :)

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

 Guys, i think we might be under-estimating this guy

 

If he is able to get Zelnick out...  Then the compagny might go running off like a headless chicken.

I'm might be hoping he can get the CEO out of there and make the compagny go into bankrupcy before the new CEO can recover.  if it works then Jack could have a very big laugh and say he single handedly brought down TakeTwo. (he wouldn't of, but you know he'll claim it)

or i'm giving him too much credit and this is just a simple personal vendetta against Zelnick.  

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

I think it's a case for the "or . . . ."

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

Personally, I'd think about leaving the Jack Thompson stories until he actually achieves something, I certainly don't care what he claims he is going to do, all it does is get a free headline just for opening his mouth, talk is cheap, and Thompson talks a lot.

I know this means no Jack Thompson stories, since he is the ultimate non-achiever, but considering Thompson seems to think the most important thing in the world are his tiny, selfish and insignificant little paranoias and delusions, it would probably help him get over his Narcissism to just ignore him.

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

I wonder...  how many shares can he "buy" when he's out of a job???  Or is his wife (the only successful lawyer in the family) going to buy them for him to support his habit of crazy?  Don't McDonald's employees earn 7 dollars an hour?  He'll have to work a month to buy a significant amount of them.

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

Wait, wait! Aren't the shareholders pissed about the failed take-over? Is Jack actually saying he wanted it to go through? Or is this just "nessessary evil": destroy T2 by any means, morality be damned?

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

So He thinks he's bought enough stocks to make a difference?

Sounds like Jack's gonna have some splainning to do when his wife sees her next bank statement.

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

Thompson yet again fails to realise the global recession that was responsible for the fall of stocks for countless companies, not just T2...

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

At the risk of siding with the devil, he's got every right to try to if he wants to; though considering his track record, somehow I don't think the Zelnick-ster will be shaking in his boots anytime soon.  At the risk of a sitcom-tv reference, the Jack-ster's got about as much power as a straight man at a lesbian wedding.   Still, I can't blame him for trying.  Everybody's got to have a hobby.  Although I honestly wonder, does he have any grasp of the irony in purchasing stock of the company he's villified for years?

 

"Even if it was online gaming that somehow inspired him to kill his parents, he must have realised at some point that they wouldn't drop any good loot." - GP member, Doomsong

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

Of all things, you have to think realisticly.

I don't think that even Jack knows how to be realistic,

 

you need to own more than 50% of shares to oust the head of the company.

 

And even if Jack does lead a revolt and oust Zelnick, I doubt that Jack even knows how to run a company considering his dissapointing law career.

 

TBoneTony

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

You're making a lot of assumptions and misguided conlusions there:

1 - you don't need to own 50% of it to oust the head, you just need to convince 50+% of the shareholders to vote to oust the head.

2 - nowhere does Jack say that he wants to be the one to run the company, though we all know this is what he'd like, if only to shut it down, which the shareholders would then oppose. He just wants someone besides Straus running it, you know, someone more capable of running it and making profits, who would also be someone who would realistically look at all the money GTA et al. have made and back the development and production of similar games.*

*So, realistically (and how Jack hates that word), at best Jack can hope to oust Straus and get someone even more capable put in charge. Again, we have to fall back on the fact that the whole market is in the tank, and even if Straus has done a horrible job as far as investors have been concerned (which he has by not selling the company to EA for $26-odd a share)  only a small part of the stock's plunge can be attributed to him.**

**Note that shareholders generally care more about profits and stock performance than they do about artistic creativity. Thus they would rather join a soulless megacorp than insure that good, fun games are produced.

Saying that Jack Thompson is impotent is an insult to impotent men everywhere. They've got a whole assortment of drugs that can cure their condition; Jack, however...

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

EA could of protected Take 2....

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

Okay, I'm seeing two major problems with this picture. A) There's an economic recession; stocks are down across the board, and people are spending less money. B) It's Jack Thompson. He shot himself in the foot and ended his law career; why would anyone follow him?

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

Doesn't he have a whopping hundred stocks or something inconsequential like that?  As in the minimum tradeable commodity?  I'm not sure any shareholders are going to folow that jackassery.

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

How is it that Jack Thompson of all people, is the one useing common sense in a something (investing when the market is down, so the investment is cheeper and the profit margin is higher) most people are currently stupid with (staying away when the market is down)?

 

 

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

It wasn't intentional, I assure you.  Thompson bought those stocks with the grandiose idea that he would use them to get into the Take Two shareholders meeting.   I can't remember what his point was going to be, but I think he just wanted a place to protest T2 publicly.  And, like most of Thompson's schemes, he never followed through.  I'm sure it was only an coincidence that Jack decided to sell his stock when he did, and I believe the stock price would still be near that level if the entire economy weren't headed right down the toilet.

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

Delusions of grandeur.

 

Behold Jack's spiral into utter insanity.

 

Before long, he'll be reduced to press releases along the lines of  "games...kill.....legislation".

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

Jack doesn't have delusions of grandeur. He has delusions of adequacy.

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

For him, adequacy IS grandeur.

Hunting the shadows of the troubled dreams.

Hunting the shadows of the troubled dreams.

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

Shreholder revolt lead by Jack Thompson?

 

LOL!  Will he do it after he plays that trick up his sleeve he'll use to stop his disbarrment...oh, wait...

 

 

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"We received 20 calls last night. As we all know, one call equals a billion people. So 20 billion people called us last night. We must act to preserve decency on television." -The FCC

"This is not the difficult thing, gentlemen, to escape death, but it is far more difficult to escape evil, for it runs faster than death." -Socrates

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

Yeah, he thinks he'll be reinstated any day now.

------------------------------------------------------------------------------

"Game on, brothers and sisters." -Leet Gamer Jargon

-----------------------------



"A Chrono Trigger is anything that unleashes its will or desire to change history!" -Gaspar

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

@GP: That usually scary-ass picture of Jack holding GTA-IV isn't half as scary if it isn't large enough to fully appreciate the three-day stubble he's sporting in it and which makes him look a lot like a derelict wino.

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

Why is he referring to himself in the 3rd person?

--------------------------------- Ago. Perceptum. Teneo.

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

same reason Bob Dole does

岩「…Where do masochists go when they die?」

岩「…I can see why Hasselbeck's worried about fake guns killing fake people. afterall, she's a fake journalist on a fake news channel」

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

He alway does so. In both "press releases" and court filings. Short answer: retardation.

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

BAH HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA!!!

Heh heh... This is gold. The perfect present from GP this year. Coverage on JT, my reason for joining GP.

------------------------------------------------------------------------------

"Game on, brothers and sisters." -Leet Gamer Jargon

-----------------------------



"A Chrono Trigger is anything that unleashes its will or desire to change history!" -Gaspar

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

I doubt any shareholder (esp long term investors who shy away from mergers like the EA one in the first place) would follow the word of someone who has gone on the record as wanting to 'take down' the company.

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

If Zelnick is bad for T2, wouldn't replacing Zelnick mean that T2 would have a brighter future and thus make it harder for Thompson to systematically destroy the company? DEEERRRRR...

I guess he wishes T2 would get a CEO that will only allow games full of pink unicorns and cute fluffy bunnies to be made.

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

Ahh, no better way to spend Christmas than by seeing JT getting more undeserved free publicity!


Parallax Abstraction
Ottawa, Ontario, Canada

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

so he claims Zelnick is a money obsessed pornography distributing evil-dooer who ONLY cares about money...

yet he complains now that Zelnick DIDNT sell his stock showing that clearly he isnt only obsessed with money..

so.. which one is it Thompon, i hear the sound of 'flip-flopping' and the dropping of a hat.

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

Looks like the crackpot is at it once again. Considering that settlement he had with Take-Two awhile back, I'm kinda surprised that he tries his tired antics. Technically they could bitchslap him to next decade with a massive lawsuit over violation over said settlement, but they just ignore him :\

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

http://news.bbc.co.uk/1/hi/world/americas/7800663.stm

 

Fetch Jack! Fetch! Christmas causes violence!

Of course, everyone will actually notice that this person was unemployed and had recently had a relationship break up, but that's because this doesn't have the words 'Video Game' attached, therefore it's perfectly ok in Thompson's books.

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

Has anything Jacko ever "predicted" actually happened?  

I really wonder how many shares he bought (or if he even bought any in the first place.  He is a pathalogical liar after all).  I really doubt that he could have bought enough to matter.

I also wonder where he got the money to buy these shares?  His wife is alleged to be a well known and respected lawyer.  Is she so blindly in love with Jacko that she will give him money to fund his mad schenanigans? I would really love someone to interview her about her imfamous husband.

 

http://www.popularculturegaming.com

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

He has claimed to have predicted the Columbine Incident, but that's the closest we'll ever get.

------------------------------------------------------------------------------

"Game on, brothers and sisters." -Leet Gamer Jargon

-----------------------------



"A Chrono Trigger is anything that unleashes its will or desire to change history!" -Gaspar

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

It's amazing just how corrupt 'religion' can make a man.  I say religion, but do of course mean fascism.  Just forget him, he's petty, insignificant, and no threat whatsoever to us gamers.

Re: Jack Thompson Says He Will Lead Shareholder Revolt to Oust

It doesn't matter who is in charge of Take Two, no CEO would kill the cash cow that is GTA. None. Anyone who tried would be ousted by the board immediately.

 
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