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Jack Thompson Buys Stock in GTA Parent Company

Posted by CmdrTaco on from the non-stop-entertainment dept.

omega9 writes "You're not reading it wrong. From an artice posted as Joystiq, "Jack Thompson has purchased shares in Take-Two interactive - otherwise known as the publisher behind the Grand Theft Auto series of games. So has JT suddenly become a financial supporter of the company he's long campaigned against? Not a chance. JT has purchased stock in the company in order that he might attend Take-Two's shareholder meetings and face up to the company's CEO, Paul Eibeler.""

6 of 354 comments (clear)

  1. Does this guy have all day to stalk people? by tulak_horde · · Score: 5, Interesting

    I thought this guy was supposed to be a practicing attorney. Does he ever do any real work? How is it he has so much time to squander on this childish crusade of his?

  2. Re:What a show. by FireballX301 · · Score: 5, Interesting

    Not a board meeting. He'd be nothing more than a shareholder, and shareholders rarely get to actually do much at shareholder meetings other than *possibly* ask one question.

    Though given this is Jack Thompson there's a good chance they won't let him speak at all.

  3. Bad dog by Red+Flayer · · Score: 4, Interesting

    Barking up the wrong tree.

    As a shareholder, he's got the right to be heard, if the board gives him the floor. I truly hope they don't, since his points are almost definitely not germane to the purpose of the meeting. I'd like to see the rules governing shareholder meetings at Take-two.

    If he really wants to be heard, he should buy a controlling stake in the company... not that he could afford it.

    Anyone know if Ryan's a majority shareholder? He'd put JT in his place so fast, Thompson wouldn't know up from down, left from right, A from B, B from A, Select from Start.

    --
    "Trolls they were, but filled with the evil will of their master: a fell race..." -- J.R.R. Tolkien on Olog-hai
  4. How many shares? by thewldisntenuff · · Score: 4, Interesting

    TFA doesn't say how many shares - I wouldn't worry too much (Note I said "too" much). The shareholders will realize who he is and either ignore him totally or try to buy up his shares.

    He probably doesn't own more than a few shares - just enough to be a "shareholder" and raise holy hell at the shareholders meeting. Maybe a publicity stunt? We haven't heard much from Jack in awhile now. Besides, isn't the Florida Bar Assoc. looking into his conduct at this time?

    http://arstechnica.com/news.ars/post/20051019-5458 .html

    --
    My MythTV HowTo
  5. Stock is a goofy thing... by (H)elix1 · · Score: 4, Interesting

    I bought SCOX a year or so ago, just so I could order paper copies of the stock certificates before they are delisted. Can't believe they are still kicking. (Paid more for the certificate than I did the stock) Framed, these make *fantastic* white elephant gifts as did the pets.com and a few other stinkers I picked up during the crash. Anyhow, you get tons of paperwork and can usually dial into the calls if you want. Did once just to hear weasel boy work his magic, but did not care enough to queue a question. Point being, I could have.

    A public company can be driven by dissenters if they have enough voting shares to matter. I'm going to go out on a limb here and say Jack does not have enough to do anything more than possibly ask a question. Most companies are pretty adept at keeping the loons from causing ruckus.

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    +++ UGUCAUCGUAUUUCU
  6. Re:What a show. by jasonditz · · Score: 4, Interesting

    It's been a few years... thank heavens sun keeps copies of their proxy statements on their site:
    http://www.sun.com/aboutsun/investor/annual_report s/proxy_statement_03.pdf (page 34 and 35)

    Note especially that the board recommended that we vote against it... which a majority did... then I sold my shares.