Take-Two's Strauss Zelnick Added to Mad Money's Wall of Shame
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.