Paul Eibeler
Paul Eibeler | |
|---|---|
| Born | July 26, 1955 |
| Nationality | American |
| Education | Loyola University Maryland |
| Occupation | Business |
| Known for | CEO of Take-Two Interactive Chairman COKeM International Trustee Loyola University Maryland |
| Spouse | Mary |
Paul Eibeler is an American business executive in the interactive gaming industry. Eibeler was best known for his positions as EVP at Acclaim Entertainment, member of the launch team for Microsoft's XBox, CEO/President at Take-Two Interactive, and Chair at Cokem Interactive.[1]
Early life
[edit]Eibler was born on July 26, 1955, in Hicksville, Long Island. He attended Holy Trinity High School where he excelled in basketball and chose to attend Loyola University Maryland on an athletic scholarship. He was awarded the ECAC Merit Medal in his senior year and graduated in 1978 with a Bachelor of Arts degree. Eibeler began his business career in marketing and sales positions at Black & Decker.[citation needed].
Take-Two Interactive
[edit]In July 2000, Eibeler joined Take-Two Interactive as president and director. In April 2003, he left Take-Two after a medical leave,[2] and returned as president and director in April 2004,[3] replacing Ryan Brant who was subject of an SEC investigation. In February 2005, Eibeler replaced Richard Roedel as CEO.[1] In March 2007, Eibeler resigned as CEO after a proxy battle.[4][5]
Most notable events during Eibler's management:
- In July 2005, CEO Eibeler oversaw a Federal Trade Commission investigation into advertising practices and claims.[6]
- In July 2005, Eibeler oversaw the rating change of best-selling game Grand Theft Auto: San Andreas from "Mature" to "Adult" and the resulting drop in distribution.[7]
- In 2006 Eibeler oversaw investigations into backdating of options for former Take-Two executives which resulted in the company's founder, Ryan Brant pleading guilty.[8]
- Throughout his tenure, CEO Eibeler oversaw a groundswell of political pressure against Take-Two from the political right, and from conservative activist Jack Thompson.[9] Penny Arcade came to Eibeler's defense after attacks by Thompson and donated $10,000 to charity. Thompson has since been disbarred.[10]
- Take-Two grew from $250 million in revenue to over $1.5 billion, the company's market capitalization increased from $250 million to over $1.5 billion[11] and employee numbers grew from 200 to 2000.
- The shareholder base included key funds such as Fidelity, Legg Mason, Seligman, Oppenheimer, etc.
- The company developed over 30 million major unit titles including the Grand Theft Auto franchise, Midnight Club, Max Payne, Sid Meier's Civilization, Bioshock, Carnival Games, The Red Dead Series. Eibeler directed the company's launch into sports with the NFL, NBA, MLB, and NHL under the 2K Brand.
- Take-Two's stock rose 198% from $7.58 per share in July 2000 to $15.01 a share in April 2003. Upon returning in 2004, shares rose 26% from $23.46 in April 2004 to a high of $29.34 in June 2005.[11]
Other roles
[edit]Eibeler has provided board and advisory work for BDA, Greenman Gaming, GameFly, Alliance Entertainment, Midway Games, and Solutions2Go.
Eibeler is a trustee for Loyola University Maryland. He is also a 20-year board member for Long Island Alzheimers and Dementia Centers and Holy Trinity High School Principals Committee.
Personal life
[edit]Eibeler has been married to Mary for more than 40 years and has three children.[citation needed] He currently lives in Florida.[citation needed]
References
[edit]- ^ a b Winegarner, Beth (2005-02-02). "Eibeler named Take-Two's CEO". GameSpot. Retrieved 2023-01-07.
- ^ "Take-Two Reports 58% Increase In Profit". NY Times. 2005-05-03. Retrieved 2009-06-26.
- ^ "Take-Two CEO quits". NBC News. 2004-04-14. Retrieved 2023-01-07.
- ^ "Take-Two: Eibeler Ousted". Edge. 2007-03-30. Archived from the original on 2012-09-09. Retrieved 2009-07-31.
- ^ Baertlein, Lisa (2007-03-23). "Proxy advisers oppose incumbent Take-Two directors". Reuters. Retrieved 2023-01-07.
- ^ "FTC to Investigate Grand Theft Auto: San Andreas". TeamXbox.com. 2005-07-27. Archived from the original on 2009-01-15. Retrieved 2009-06-26.
- ^ "Sex content leads to adult rating for 'Theft'". CNET News. 2005-07-20. Retrieved 2009-06-26.
- ^ "Take-Two Ex-Chief Sentenced to 5 Years of Probation". CNET News. 2007-08-01. Retrieved 2009-06-26.
- ^ See "A Modest Video Game Proposal"
- ^ "Jack Thompson Disbarred". Wired. 2008-09-25. Retrieved 2009-06-26.
- ^ a b "Yahoo Finance - Business Finance, Stock Market, Quotes, News". Archived from the original on 2019-07-26. Retrieved 2022-07-15.