Media
How Does Take-Two (TTWO) CEO Ben Feder Keep His Job?
Published:
Last Updated:
Shares of Take-Two (TTWO) Interactive fell 14% after hours as the company cuts its forecasts of earnings and sales for its fiscal 2009. The major reason for the change was the delay of the launch of the BioShock 2 game from the fourth quarter of fiscal 2009 to fiscal 2010.
This is one in a long series of failures by the management of Take-Two which is headed by CEO Ben Feder. The shares are down almost 60% since he joined the company, and has not only turned down a generous buyout offer from Electronic Arts (ERTS), but has also missed forecasts on more than one occasion.
Douglas A. McIntyre
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
