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Take-Two sued for US$ 50 million by former exec

Posted Oct 15, 2008 at 4:24PM EST by Karl B.

Listed in: News Tags: Paul Eibeler, Ryan Brant, SEC

Lawsuit! - Image 1

Just as it looked like Take-Two finally got a chance to take a breather after all of their legal woes, here comes another lawsuit. This time, it's from none other than a former exec of the company itself.

According to GamePolitics, Robert Alexander, a former member of Take-Two's Board of Directors, is suing the company for US$ 50 million for allegedly breaching an oral employment contract.

Alexander says that he and former Take-Two CEO Ryan Brant had been negotiating for Alexander's distribution company, Game Ballers, to partner with Take-Two. Brant, however, left the company before it could be finalized. When Eibeler took over, Alexander was left with nothing but an oral agreement that never ended up on paper.

There are some pretty big numbers involved in this lawsuit. GamePolitics notes that according to Alexander, he was supposed to get "US$ 240,000 in annual salary with 20% annual raises, a US$ 25,000 monthly expense allowance, 50,000 shares of T2 stock plus options and US$ .50 per game handled by his distribution company."

Wow. I guess his only problem right now lies in proving that he really was supposed to get all that cash. I'm no lawyer, and there are ways of enforcing oral agreements in court, but it looks like this'll end up as a matter of one guy's word against another.

Via GamePolitics

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It's more like one man's sworn word against a dozen or so associates who allegedly did or did not here it. Either way it seems like bs on Alexander's part, because the way it seems Eibeler wouldn't have to agree to a deal that hadn't been finalized anyways, unless Brant made a statement like "yep, we'll buy your company, let me just get the paperwork, oh wait, I forgot, I just left the the company. The new guy can take care of you." - sorry guys I was sleepy when I typed this crazyness, I'll submit anyways, cause I'm a a-hole.

# pwnt — LeonPSP 2008-10-15 21:27

This is why you need Agreements and contracts on paper

# Don't care — 3vi1 2008-10-16 00:39

I don't really care if they agreed to give him all of that or not. He doesn't deserve it.

Why should he get money "per game"? I'd hazard a guess that many people who actually worked directly on the games, their testing, and marketing are drawing a flat salary.

There's no way that being a member of a "board of directors" is 100 times harder than writing software. They shouldn't be paid like it is.

# WTF!?!?!?!?! — ISOHaven 2008-10-16 06:10

You're ignoring the road they had to take to get their.

# WTF!?!?!?!?! — ISOHaven 2008-10-16 16:36

"Executives don't do anything to deserve a salary that averages 40 times their average employee salary."

And you base that on what? You vast experience in life? HAHAHAHA!!!!

You claim you graduated from the best tech school around. Let's just pretend for a moment that's true. What's actually going on here is you are pissed that your pathetic little education can't land you the job that you want. So anyone that makes more money then you naturally doesn't deserve it.

What do you care what other people make? You equate physical attributes to level of income. Yet it never crosses your mind that RESPONSIBILITY can equates to level of income. What do you care what a company does with their money? It's there money to spend. If they don't spend it on their employees then who or what are they suppose to spend it on? You? HAHAHAHAHA!!!!! !!! Grow the hell up little boy. It'll do you some good!

# I can't believe I'm saying this but... — Lozmaster 2008-10-17 05:45

Mister Common sense is right, they DON'T deserve to be earning 40 times what the people they order about do. 5 to 10 times, at a push, maybe, but like hell do they deserve to be making.

"What's actually going on here is you are pissed that your pathetic little education can't land you the job that you want"

Internet insults: Because your too afraid to bully people in real life.

# WTF!?!?!?!?! — ISOHaven 2008-10-17 10:50

"Internet insults: Because your too afraid to bully people in real life."

No, because he's a douche bag that at one point kept mentioning that he graduated from the BEST TECH SCHOOL around.

Words, that he has never been able to backup from within his comments.

As for your comment, good for you. Do something about it then.

No single person, anywhere, has the right to determine what someone else does or does not deserve.

# WTF!?!?!?!?! — ISOHaven 2008-10-17 21:36

Yet, I have all the stars and you have none.

"Don't worry", "you can say whatever you want and" you'll still be the same pathetic loser that everyone hates.

HAHAHAHA!!!!!!

# WTF!?!?!?!?! — ISOHaven 2008-10-18 19:33

Is that it? Will that help you sleep better when you go to bed tonight?

HAHAHAHA!!!!!!!

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Take-Two sued for US$ 50 million by former exec

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