Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
March 1, 2021
arrowPress Releases

If you enjoy reading this site, you might also want to check out these UBM Tech sites:

Former Take-Two Board Member Has Transparency Concerns

Former Take-Two Board Member Has Transparency Concerns

January 26, 2006 | By Simon Carless

January 26, 2006 | By Simon Carless
    Post A Comment
More: Console/PC

Following yesterday's Take-Two announcement regarding a board reshuffle and restated filings, departed Audit Committee chair Barbara A. Kaczynski's letter, drafted by her lawyer Bruce Baird, has been made available via SEC filing.

The letter reveals significant concerns on Kaczynski's of "an increasingly unhealthy relationship between senior management and the board of directors" at the Rockstar, 2K Games, Global Star Software and Joytech owner, especially regarding the late filing of the firm's accounts.

However, Kaczynski also references lack of transparency over "Take Two’s discovery of illicit images depicted in its Grand Theft Auto videogame, the Federal Trade Commission’s investigation of Take-Two following that discovery, and various SEC inquiries directed at Take-Two and its employees" as leading to her resignation.

In fact, in Baird's letter, Kaczynski charges of her experience on the board at Take-Two: "In her experience, management’s interactions with the board were characterized by a lack of cooperation and respect. Moreover, Ms. Kaczynski felt that management failed to keep the board informed of important issues facing the company or failed to do so in a timely fashion."

In response to these allegations, a Take-Two spokesperson commented to Reuters: "The comments in the filing represent Ms. Kaczynski's personal point of view. We do not believe these views are shared by the other board members." Take-Two shares were off 20c to $17.56 in mid-day trading on NASDAQ.

Related Jobs

Crate Entertainment
Crate Entertainment — Boston (Work Remotely), Massachusetts, United States

Senior Gameplay / Engine Programmer
DigiPen Institute of Technology
DigiPen Institute of Technology — Redmond, Washington, United States

Curriculum Developer in Visual Effects for Real-Time Engines
Sucker Punch Productions
Sucker Punch Productions — Bellevue, Washington, United States

Audio Programmer
Deep Silver Volition
Deep Silver Volition — Champaign, Illinois, United States

Studio Production Director

Loading Comments

loader image