Industry Moves: EA CFO Jenson Resigns In Midst of TTWO Bid

This story was written by Joseph Weisenthal.
Video game maker EA has announced the surprise resignation of CFO Warren Jenson. So far, a replacement for Jenson, who has served in this role for since 2002, was not named, nor was there a reason offered for Jenson's departure, not even the normal family or personal reasons. Following the appointment of a new CFO, Jenson will stay on through September 30, 2008, as an employee of the company, helping to smooth the transition period, according to a separate SEC filing. Over at MarketWatch, Herb Greenberg describes the departure as "bizarre timing", given EA's ongoing hostile bid for rival gamer Take-Two, and he suggests that perhaps there's some high-level disagreement over strategy. Company shareholders seem unperturbed, however, as the stock is up over 2 percent today. Release.

By Joseph Weisenthal


Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Watch Now

New Android App

For your Android phone and tablet, download the FREE redesigned app, featuring CBSN, live 24/7 news.

The all new
CBS News App for Android® for iPad® for iPhone®
Fully redesigned. Featuring CBSN, 24/7 live news. Get the App