Grand theft in progress?
August 17, 2005 8:00 PM Subscribe
"What's most shocking about Grand Theft Auto isn't embedded sex scenes. It's the financial chicanery of the game's maker." Fortune's Bethany McLean - one of the few journalists to question Enron's stock price in early 2001 - has just taken a good look at Take Two Interactive, and she doesn't like what she sees. Four CEOs since 2002, execs dumping stock in recent months, fraudulent "parking transactions" that dramatically overstated earnings...and yet its stock price has remained bouyant. "How, in an era when investors are supposedly obsessed with corporate governance, are this firm's troubles so easily overlooked?"
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