PS1 News: Take-Two Founder Resigns - PS1 News

Members Login: Register | Why sign up? | Forgot Password?

Take-Two Founder Resigns

Take-Two Interactive, publisher of the well-known Grand Theft Auto franchise, has announced that its founder and former CEO, Ryan Brant, has resigned. He leaves amidst a whirlwind of controversy generated over the past couple of years, although he's actually been away from Take-Two since last June on disability leave (reportedly due to a bad back).

Founded in 1993, the company has published a slew of highly controversial games, up to and including their most recent title, Bully. However, controversy unfortunately reached Take-Two itself, as they've been embroiled in several financial investigations, both internally and from the Securities Exchange Commission (SEC). SEC concluded that Take-Two had, in fact, artificially inflated its profits, and the company was forced to pay $7.5 million to bring the ordeal to a close. Brant served as CEO from '93 to February of '01, and then he was chairman until March 2004. But ever since then, he's been relegated to a non-executive capacity as Vice President of Production.

Fred Eibeler is the current CEO at Take-Two, and they have not yet named a successor for the position of Vice President of Production.

10/19/2006 Ben Dutka

Put this on your webpage or blog:
Email this to a friend
Follow PSX Extreme on Twitter

Share on Twitter Share on Facebook Share on Google Share on MySpace Share on Delicious Share on Digg Share on Google Buzz Share via E-Mail Share via Tumblr Share via Posterous




New Comment System


Legacy Comment System (0 posts)


There are no comments to display.

Leave a Comment

Please login or register to leave a comment.

Latest Updates

Shadow of the Colossus Review
9d, 16h, 14m ago (2 comments)

Strikers Edge Review
13d, 16h, 54m ago (19 comments)

Okami HD Review
14d, 14h, 46m ago (6 comments)

Ultimate Chicken Horse Review
18d, 9h, 40m ago (16 comments)

Black Mirror Review
33d, 21h, 42m ago (23 comments)

Our Poll

How often do you visit the site?
Once a day
Several times a day
Every few days
Once a week
This is my first visit
I've never been here, even now I am not here

Previous Poll Results