PSP News: Take-Two Founder Resigns - PSP 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

Comments (0 posts)

There are no comments to display.

Leave a Comment

Please login or register to leave a comment.

Our Poll

Do you regret buying the PS4 so early?
Nope, I love it!
Not really; I still play it plenty.
A little, I was hoping for more games.
Yes, I could've waited.

Previous Poll Results