Take-Two board of directors gets carjacked

Following the revelation that Take-Two hadn't found a buyer, news arrives today via GamePolitics that Paul Eibeler, CEO of Take-Two Interactive, has been forced to step down. Take-Two's annual meeting took place yesterday and was quickly taken over by shareholders demanding that Eibeler step down. Strauss Zelnick, former CEO of BMG Entertainment has become the new Chairman of the Board. Ben Feder, coming from News Corp., is now acting CEO.

While the change isn't likely to affect Take-Two's lineup of games, it should hopefully help the company shed its reputation for accounting problems and coffee that's just a little too hot. Then again, according to GP, it will take more than a few replacements to make things right. You can bet GTAIV will be watched like a hawk from both inside and outside Take-Two.