Cheats-Area.com

   Jack Thompson must be giggling with a huge evil grin right about now, because Take-Two's CEO, Paul Eibeler (also "America's worst CEO" in 2005 and Jack's imaginary enemy) may be facing a "coup d'état" pretty soon. According to multiple reports summed up on Gamasutra, some of the company's shareholders are trying to take down the current CEO. Under Paul Eibeler's (partial) administration, Take-Two recorded an appalling net loss of almost $185 million in fiscal 2006, despite having several successful releases under its 2K Games and Rockstar Games brands.

   This isn't the first time that the company faces a forced change of chief executive officers, however, since the previous one - Ryan Brant - had just resigned in October 2006, after a nasty shares stock scandal and other corporate irregularities; not to mention the investigation from the U.S. Securities and Exchange Commission (SEC) that eventually uncovered the publisher's frauds. And of course the notorious "Hot Coffee" thingie which caused Grand Theft Auto: San Andreas to be re-called and re-rated in the U.S.

   With just a few months under his CEO belt and apparently unsatisfying results, Paul Eibeler is now also facing a similar fate. A New York Post report from yesterday claims that the complotting investor group began forming in early February 2007, and is being led by veteran activist Carl Icahn (though he doesn't intend to become the new CEO). The group owns 46% of Take-Two's stock, so it's quite likely that they'll succeed in overthrowing Eibeler, and also in "reviewing the employment status" of CFO Karl Winters.

   The outcome of this corporate battle is expected to be decided on March 23, at the company's annual stockholders meeting.

UPDATE: Jack Thompson has just sent us a correction, noting that his "evil grin" is actually "a grin of vindication", and quoting some Biblical wisdom that basically translates to "All good things come to him who waits". "It's about time", says Thompson, who has been calling for Eibeler's forced ouster for more than a year. And he ends triumphantly:
"Thompson has already contacted the head of the investment group looking to take over Take-Two to alert it to what skeletons are in the Take-Two closet. It's a veritable graveyard in there.

Contact Jack Thompson at 305-666-4366 for more information. Contact Paul Eibeler at Take-Two offices at (646) 536-2842 with any job offers. Mr. Eibeler is a specialist in corporate fraud and will work for hot coffee. Just ask the United States Federal Trade Commission."    Believe it or not, I actually loled.