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Ousted Take-Two CEO Eibeler joins SouthPeak board
Tuesday 4 August 170-something lbs. of face-palming rage.Food consumed today:A lot of really audible snacks and stuff that makes me sound bone-crunchy and vicious, like a Central Park West poodle.Just past midnight. New York: my penthouse. Do people never learn? Found out today that SouthPeak Interactive has hired Paul Eibeler to be on its board of directors. This is the same guy I had ousted from Take-Two back in '07 -- not to mention, Diary, I'm still bitter about that golden parachute we gave him.What really wrinkles my suit, though, is this statement by SouthPeak chair Terry Phillips: "As one of the most respected executives in the interactive games industry, we welcome Paul to the board of directors." LOL to the ROFLCOPTER! I laugh in their general direction, Diary. Eibeler was named "Worst CEO" by MarketWatch in 2005 for his handling of Take-Two and the way he dealt with the "Hot Coffee" scandal. I mean, I've taken my licks, but Eibeler getting hired? It's like nobody Googles anymore.
The Political Game: Take Two and the golden parachute
Each week Dennis McCauley contributes The Political Game, a column on the collision of politics and video games:News Item: Fired Take Two CEO Paul Eibeler exits with a golden parachute ...Damn, damn, double damn.In a flash of devastating comprehension it dawns on me that I've got this "road to success" thing completely wrong. All these years I thought working hard, doing the right thing and making my boss look good would help me climb the ladder - and maybe make a few bucks along the way.But the verdict out of Manhattan last week is clear. That's not the way to do it. If you want to tuck a check for a cool $2.5 mil into the pocket of your Armani jacket, if you'd like an $800 monthly car allowance and free health care, here's the game plan:
Take Two shareholders oust CEO
Did you catch the Take Two shareholders meeting yesterday? Don't worry if you missed it, the event turned out to be much less dramatic than we had hoped. However, it was not without some ruffled feathers, as now-former CEO Paul Eibeler was shown the door. Taking his place is Ben Feder, a former executive at News Corp, as acting CEO. Michael Pachter of Wedbush Morgan Securities expresses disappointment that the new management is giving themselves a three- to six-month window. Also, Pachter said of Feder, "he appears to have no meaningful experience managing a large organization, nor does his resume suggest that he has any practical experience in the video game industry."Game Politics has a roundup of more opinions regarding this executive shuffle. Our take, however limited in scope, is that Eibeler was a beacon for bad news. His ousting can only spell an upward trend.
