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Take-Two's Paul Eibler named worst CEO of 2005

MarketWatch editor Herb Greenberg pins blame for poor earnings, lambastes executive's managerial style.

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Take-Two Interactive's rough year got a little rougher this week, when esteemed financial-news Web site MarketWatch.com singled it out for a rather dubious achievement. In a strongly worded column, editor Herb Greenberg named the publisher's top executive, Paul Eibler, as "Worst CEO of the Year."

"[Eibeler] has done such a poor job getting his arms around the company that Take-Two has missed its own earnings guidance for multiple quarters," said Greenberg. "So far this year it has sliced earnings guidance by more than 60 percent to a range of 53 cents to 56 cents a share." Predictably, Greenberg cited the "Hot Coffee" scandal that got Grand Theft Auto: San Andreas pulled from store shelves for several months and "setbacks on the rollouts of newer games"--presumably the delay of Elder Scrolls IV: Oblivion until 2006.

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