Take-Two’s Strauss Zelnick Added to Mad Money’s Wall of Shame
By Jonathan on Thursday, October 23rd, 2008 at 10:14 AM
In Game Companies, Gamer Life, Games Industry, Take-Two
While Take-Two Chairman, Strauss Zelnick, may be the king of Men’s Fitness right now, there’s one place where he’s not so revered at the moment: Jim Cramer’s Mad Money. If you’ve ever flipped over to CNBC, odds are you’ve seen Cramer bring a wild amount of drama to the unlikely topic of stock trading. Part of the spectacle of the show extends to a “Wall of Shame” for businessmen who somehow cause their stocks to dwindle in the market, which found a new member recently in Zelnick (via GamePolitics). Cramer cited Take-Two’s rejection of EA’s $25.74 buyout offer as the reason for this, stating:
[EA's offer was] an offer no sane man can refuse. But Strauss Zelnick, Take-two’s chairman did just that…Welcome to the Wall of Shame, Strauss Zelnick. You managed to take a sure thing, a $25 stock and turn it into a $13 one [note: now around $12, as of this morning]. That takes talent.
Zelnick was added along with two CEOs from other companies whose stock suffered a similar fate, whom Cramer described as “The New Marx Brothers AKA The Destroyers of Capitalism As You Know It” (via CNBC). Aw, don’t feel too bad, Strauss. As long as your company keeps making great games, we’re still with you. But you have to do us one favor: no more Manhunt games. Ever.



The ESRB has rated more than 15,000 games since being formed back in 1994, and only 23 have managed to obtain a rating of Adults Only. AO is of course the only rating higher than Mature, meaning the content it contains is deemed appropriate only for those 18 years and older, compared with the 17 years old you have to be to purchase an M-rated game. There’s obviously a lot of maturity that goes on in that extra year. Or something.
Command & Conquer 3: Kane’s Wrath

That company that hasn’t quite been taken over – yet – released their financial results for Q1 2008 this week. Take-Two posted a net loss of $38 million, which is an increase of 77% over the 21.5 million loss they suffered in the same period last year. The amount can likely be attributed to a decrease in revenue from the previous year, from $277.3 million to $240.4 million, reports 

You’ll remember the BBFC (the British Board of Film Classification) as the group that has been fighting to keep Manhunt 2 out of the UK – I can’t even begin to remember the number of times we covered the back-and-forth between the BBFC and Rockstar.
I know it, you know it, and of course even Rockstar knows it. When Grand Theft Auto IV is released, the media’s going to be all over that one to report on the horrors of violent video games and how they corrupt young children (conveniently neglecting the fact that it’s rated “M” and marketed towards adults, who now comprise the majority of the gaming population). Founder of Rockstar Games, Dan Houser, recently stated his thoughts for the coming media backlash:
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