We already talked about it already today but I wanted to post a quick follow-up as the shareholder revolt at CNN the Take-Two shareholder meeting was successful
and the board and CEO have been ousted. The new CEO is stating that there won't be any layoffs but that they are going to look at the company's portfolio of games and start looking at the games that are going for hits. In news that should chagrin certain industry critics the company is looking at more GTA like games.
It will be interesting to see how this all shakes out. Game companies are heavily reliant on creative talent and if there's a mass exodus of people over the next few months then we'll know there's trouble. I still think there's a chance that the company could be sliced up and sold off in chunks but we'll see what shakes loose over the next few months.