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Jack Thompson Buys Stock in GTA Parent Company

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.""

34 of 354 comments (clear)

  1. What a show. by TripMaster+Monkey · · Score: 5, Funny



    Heck, I'm now considering buying stock in Take-Two, just so I can witness what promises to be the most side-splitting board meetings ever held.

    In fact, I smell a new reality TV show...get cameras in there to record all the hilarious action.

    We can have viewer participation too, go to the website and enter in the poll....how long will Jack last before Paul gets fed up with his inane babbling and calls the police to have him ejected? How many times will the police have to hit him to subdue him before they drag him out? (We'll have a ringer cop in there, so there will always be at least one punch.)

    Imagine a few cops stiff-arming Jack Thompson's face into the drywall....now that's must-see TV! ^_^

    --
    ____

    ~ |rip/\/\aster /\/\onkey

    1. Re:What a show. by 91degrees · · Score: 5, Funny

      Can I buy stock in your TV production company?

    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. Re:What a show. by Ced_Ex · · Score: 4, Funny

      Can I buy stock in your holding company?

      --
      Live forever, or die trying.
    4. Re:What a show. by ndansmith · · Score: 5, Funny
      Imagine a few cops stiff-arming Jack Thompson's face into the drywall . . .

      . . . and then Jack killing the cops, blowing up some fire trucks, trickin' out his ride, smacking the hoes, and stealing a tank to wreak havoc over some generic metropolitan city until he is incinerated by a squadron of army helicopters. Now that's must-see TV!

    5. Re:What a show. by C0rinthian · · Score: 5, Funny

      "All right Jack, that it!" :puts 3rd star up on board: "Now we're going to have to call security!"

    6. Re:What a show. by AKAImBatman · · Score: 4, Funny

      Board Member 1: "I motion that we evict Mr. Thompson from all future board meetings."

      Board Member 2: "Seconded!"

      President: "All those in favor of evicting Mr. Thompson from..."

      Interrupting all at once: "AYE!!!!"

      President: "Do I hear any Nays?"

      Thompson: "Um? Nay?"

      President: "The Ayes have it. From this date forward, Mr. Thompson will no longer be allowed to board meetings until such a time as a motion is made and carried to allow him to rejoin these meetings. Considering that the only way I can forsee that happening is if Mr. Thompson owns a controlling share, we can assume for the moment that his banishment is permanant."

      Thompson: "But..."

      President "Meeting Ajourned."

    7. Re:What a show. by Surt · · Score: 4, Funny

      Can I buy stock in your cookie factory?

      --
      "Who is the Journal of Quantum Physics going to believe?" --Stephen Hawking
    8. Re:What a show. by Lord_Dweomer · · Score: 5, Funny
      If I buy stock in your quantum puzzle game, will I be able to buy and sell my shares at the same time?

      --
      Buy Steampunk Clothing Online!
    9. Re:What a show. by booch · · Score: 4, Funny

      Can I buy stock in your "Happy Fun Ball" company (Wacky Products Incorporated)?

      --
      Software sucks. Open Source sucks less.
    10. Re:What a show. by User+956 · · Score: 4, Insightful

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

      Either way, the guy gets what he wants.

      1. If they let him ask his question, he gets to be the outrageous outspoken anti-videogame guy at the shareholder's meeting. And he'll get media attention.

      2. If they don't let him speak, then he gets to be the outspoken anti-videogame guy at the shareholer's meeting -- whose ideas are too controversial to be heard. And he'll get media attention.

      The way the media in this country works (based on fear and exaggeration), it's a lose-lose.

      --
      The theory of relativity doesn't work right in Arkansas.
    11. Re:What a show. by Repton · · Score: 5, Funny

      No --- it just means that you can never simultaneously know what the share price is and how many shares you have...

      --
      Repton.
      They say that only an experienced wizard can do the tengu shuffle.
    12. 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.

  2. 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?

    1. Re:Does this guy have all day to stalk people? by Schemat1c · · Score: 4, Funny

      I thought this guy was supposed to be a practicing attorney. Does he ever do any real work?

      Of course not, he's an attorney.

      --

      "Nobody knows the age of the human race, but everybody agrees that it is old enough to know better." - Unknown
  3. sweet by iamdaflash · · Score: 5, Funny

    he could present some cool game ideas!

  4. Can we just stop paying attention to this nutcase? by mad.frog · · Score: 4, Insightful

    Seems to me this guy is way more about self-promotion than anything else.

  5. 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
    1. Re:Bad dog by dr_dank · · Score: 5, Funny

      Thompson wouldn't know up from down, left from right, A from B, B from A, Select from Start.

      Don't give an ass like him infinite lives!

      --
      Where does the school board find them and why do they keep sending them to ME?
  6. 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

  7. Whats that I smell? by arkham6 · · Score: 4, Insightful

    Why, I think its the smell of an impending minority shareholder lawsuit.

    Hmm. Smells suspisiously like feces, too.

  8. Well, yeah. It was. by Anonymous Coward · · Score: 4, Insightful

    Hell, long before 9/11 I used to buzz the Twin Towers all of the time. I'm not trolling. Back then it was stupid, innocent fun. (No one was hurt but a few pixels on my screen.) Now when I play the sight of the WTC makes my heart ache. And yes, I know about the patch. I chose not to use it.

    Sure, the terrorists learned a bit about flying using Flight Simulator. So did many decent pilots.

    I can kill you with a screwdriver, but that's not what a screwdriver is for. Don't blame the tools or the toolmakers, blame the sick bastards who use them for the wrong means.

  9. Re:Yes he has. by generic-man · · Score: 4, Informative

    It's true that you can attend shareholder meetings and cast proxy votes if you own a share of stock, but any information released to shareholders by a publicly-traded company has to be made available to the public, usually by way of an SEC filing of some sort. You can listen to conference calls, get annual reports, etc., on-line too even if you're not a stockholder.

    --
    For more information, click here.
  10. 9-11, Flight Simulators, and Jack Thompson by Dark+Paladin · · Score: 4, Insightful

    I could almost understand his issue with violent video games like "Grand Theft Auto III" and such. As a father, I don't let my children play them (ages 6, 3, and 1), and reserve those for my own use. While I don't feel that such games contribute to overall violence, I also know there are many better games to be playing with my children (like "Dragon Quest VIII", "Mario Kart", etc).

    But I can give a certain amount of respect to Mr. Thompson for standing up for his beliefs and going after them. Or, I would, except his true views were shown when he went after Bill Gates for making "Microsoft Flight Simulator".

    By accusing MS for being part of the cause of the 9-11 attack on the World Trade Towers, I'm afraid that Mr. Thompson has shown a view that's, well, crazy, for lack of a more polite word. In his universe, flight simulators aren't used to give people an idea of what it's like to fly a plane - it's used by terrorists to kill people. In his world, Tetris probably isn't a challenging puzzle game - it's a method for people to learn how to fit blocks together to seal people inside a la "The Cask of Amontillado".

    By Mr. Thompson standards, we would be banished into a world as bad as that ruled by the Taliban, where music, dancing, games, laughter and fun are simply scary things to trick people into doing evil. A game of "cops and robbers" played out by kids 20 years ago would be seen by him as encouraging crime.

    So, while he might have had my respect in the past for at least working on something he perceived as a problem, he's shown himself to be in the worst light of those who would deny any human joy for fear of corruption.

    Sorry, Jack. When I get home, I'm going to play a game of Chess with my daughter and Sorry with my son - or in your mind, "encouraging my daughter to commit mass atrocities on the battlefield and teaching my son to inflict suffering upon others and encouraging retribution".

  11. Take2 should pay dividends.. by demonic-halo · · Score: 4, Funny

    That'll be funny if Take2 declared quarterly dividends.

    So each time Jack has a case against some other game company. They can say that Jack is being paid by Take2.

  12. Re:What a dick by breckinshire · · Score: 5, Funny

    In related news, Emperor Palpatine bought some shares of LucasArts, as they actually let you simulate attacking the Death Star.

  13. I have a new word for people like JT. by Pantero+Blanco · · Score: 4, Funny

    The word is "litigiterrorists".

  14. Re:GTA has a parent company?! by Rude+Turnip · · Score: 5, Informative

    "As a shareholder, doesn't he have the responsibility to do what's best for the company?"

    No, and I can prove it. I own some Google stock, now watch this: GOOGLE SUCKS!!! See, nothing happened. Seriously, it is the job of the employees and board of directors to do what's best for the company.

    "...can Bill Gates buy up 49% of Red Hat and then deliberatly fuck up the company?"

    Once you own more than 5% of a public company, you have to file your "intentions" with the SEC. Owning 49% of a company is far different than Jack Thompson buying a stock certificate from oneshare.com. 49% might get you a number of board seats, depending upon the company. In which case, the other shareholders would sue him for breach of fiduciary duty if he did bad things with the board seats.

  15. Re:makes sense by Nuskrad · · Score: 4, Informative
    I don't know. It is rather paradoxical to be investing in a company you don't like -- i.e. handing them the capital to make, well, in this case, more games.

    It makes about as much sense as Greenpeace investing in, say, Dow Chemical or ExxonMobil.

    But I have to hand it to him for the audacious originality of the idea.

    Actually, it's quite common for people who oppose a company to buy shares in order to protest at their shareholder meetings. Infact, I know at least one case where Greenpeace have done this, they bought shares in Amoco to try and block oil drilling in Alaska. See this page for more info on that case.

  16. Re:Subject? by SatanicPuppy · · Score: 4, Insightful

    What? I own a few shares of Microsoft stock, so if I go to a shareholders meeting and demand that the open their source code, somethings going to happen? DAMN! Why didn't I think of that before?!?

    Unless he bought a metric buttload of stock, he's going to have no effect on the development of any of Take Twos games, and more than any other super-minority stockholder would have on product development at any other decent-sized company.

    Jesus, their market cap is 1.26 billion I really don't think they have anything to worry about from a prick who was too cheap to pony up 10k to a charity.

    --
    ad logicam Claiming a proposition is false because it was presented as the conclusion of a fallacious argument.
  17. Silly Question by spudgun · · Score: 4, Insightful

    If GTA trains us all to be killers
    and everyone Hates Jack

    why is he still walking around ?

    --
    Type unto others as you would have them type unto you.
  18. 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.

  19. Re:What a dick by Anonymous Coward · · Score: 5, Informative
    For the record, I hold every pilot certificate for airplanes that the FAA offers including several type ratings and have given more than 2000 hours of instruction in small aircraft (including over 1000 in Cessnas) and I can tell you that you are FULL OF SHIT. For the record, I've also spent many hundreds if not thousands of hours with MSFS over the years and my name appears in the credits of two (alas no longer with us) other general aviation flight simulators.

    While of course there are bound to be differences between a PC and the real thing, the fact is that if your controls are properly calibrated, you most certainly can make MSFS, including using the default aircraft, behave quite plausibly like the real thing. View? Did you even bother changing the view? It's adjustable in many ways in MSFS.

    I know that students who come to me having a lot of "PC flying time" under their belt are in general quite well prepared compared to non-flight sim users. (Though the PC flyers often some bad habits, such as instrument fixation). More than that, however, is that once they start their training, I can tell them what to do in MSFS so that they can practice at home and be better prepared for their next lesson. Collectively, my students have saved thousands of dollars by doing this.

    "Roll rate is wrong." - 100 hour wonder, stop with the hangar talk already, ok?

  20. Re:Attention Whore by MasamuneXGP · · Score: 5, Funny