Take-Two CFO steps down amid investigation

Take-Two Interactive Software, publisher of the Grand Theft Auto game franchise, announced Monday that company Chief Financial Officer Karl Winters has resigned, effective immediately.

Winters' resignation comes at a tumultuous time for the company, whose shareholders ousted former CEO Paul Eibeler and three directors, claiming they were at the center of a stock options backdating scandal. Take-Two announced last week it had received a letter from the Securities and Exchange Commission saying it is under formal investigation for its stock-options practices.

Take Two's senior vice president of finance, Lainie Goldstein, will serve as interim CFO until a permanent replacement is named, the company said in a statement. Goldstein has been with the company since late 2003.

About the author

Jennifer Guevin is managing editor at CNET, overseeing the ever-helpful How To section, special packages, and front-page programming. As a writer, she gravitates toward science, quirky geek culture stories, robots, and food. In real life, she mostly just gravitates toward food.

 

Discuss Take-Two CFO steps down amid investigation

Conversation powered by Livefyre

Show Comments Hide Comments
Latest Articles from CNET
The other analog format: Cassette tape decks have never been cheaper to buy