More Take-Two Boardroom Blues

Take-Two CFO Resigns

Posted by Staff
More Take-Two Boardroom Blues
GTA publisher (and parent company of RockStar) Take-Two's chief financial officer, Karl Winters, has resigned with immediate effect. The company's senior vice president of finance, Lainie Goldstein, will step in as an interim replacement while the company seeks to permanently fill the position.

This comes hot on the heels of the stock-holder revolt that saw the incumbent board replaced with a set of new faces. It also comes not long after the revelation that Take-Two is under investigation from the US Securities and Exchange Commission (SEC) for back-dating stock.

SPOnG contacted Take-Two in the United States to find out Winters' reasons for leaving the company and is awaiting a response. Were we prone to idle palaver we might be tempted to point out that there's a lot of blood in the water, over at the GTA publishers HQ. This might even lead us to suggestions that Winters' resignation was not entirely voluntary. The fact that it comes with 'immediate effect' is also a key indicator.

Musing over Winters' departure Take-Two's new CEO, Ben Feder, said, "Karl oversaw finance at Take-Two during challenging times for the company. We thank Karl for his years of service to Take-Two. He was instrumental in assembling a highly competent financial team that will serve us well in the future. We appreciate Karl's hard work and his continued support during the transition."

Not wanting to miss out the new girl, Feder added, “We are impressed with Lainie and are confident that her financial acumen and knowledge of Take-Two's business will greatly assist us during this transition. I look forward to working closely with Lainie as we continue to address Take-Two's challenges aggressively and swiftly so that employees can focus on building the Company's bright future."

As Take-Two continues to dodge bullets you can glance through the company's ever-growing list of recent woes on SPOnG's dedicated page.
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Comments

Svend Joscelyne 10 Apr 2007 11:57
1/5
Bored-room Blues is more like it.
Get back to suing Jack Thompson T2. :)
Tim Smith 10 Apr 2007 12:06
2/5
Svend Joscelyne wrote:
Bored-room Blues is more like it.
Get back to suing Jack Thompson T2. :)


Ain't going to be 'bored room' when T2 decides to re-do GTA so that becomes a Disney-friendly franchise now will it? Eh? Will it?
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Svend Joscelyne 10 Apr 2007 12:18
3/5
I dunno, I could do with a Snow White and the Seven Dwarfs-GTA mash up. :) Grumpy's gotta get his dough for da hoooes, know what I'm saying?
sneakyduck 10 Apr 2007 13:52
4/5
Word. ROFL.
Joji 10 Apr 2007 14:45
5/5
Lol. Right now would be a good move for Nintendo to move in and buy them out. These guys need something to inspire and push them. Negative press might be having an effect now, if there's such a thing.

Come on T2, grow a pair and stand by your decisions.
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