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Paul Eibeler Named "Worst CEO"

In a blunt editorial on MarketWatch.com, Take-Two's Paul Eibeler was given this year's worst CEO "award".

In a blunt editorial on MarketWatch.com, Take-Two's Paul Eibeler was given this year's worst CEO "award".

The editorial cites various reasons for the stigmatic title.

"Eibeler, for his part, has done such a poor job getting his arms around the company that Take-Two has missed its own earnings guidance for multiple quarters." The article continued, "So far this year it has sliced earnings guidance by more than 60% to a range of 53 cents to 56 cents a share, after the company's hot-selling game, Grand Theft Auto, was given the dreaded 'adult' rating by the video software industry's rating group. The company has since suffered a series of setbacks on the rollouts of newer games -- a perennial problem at Take-Two that appears to be getting worse."

Also noted was Eibeler's role in the "revolving door of CEOs" at Take-Two, his departure from the company for short stint at Acclaim just prior to its bankruptcy liquidation, and his return to Take-Two a year after he left.

Prior to his initial position at Take-Two, Eibeler was a consultant for the Xbox launch team, and  previously held an executive position with Impact, a toys and school supplies company.

Eibeler edged out Overstock.com's Patrick Byrne for the title this year.

Source: MarketWatch.com