If you're a chief executive in the midst of a U.S.
Securities and Exchange Commission probe, surely it doesn't
help your reputation (or your karma, for that matter) if your
company's flagship product is something called "Grand Theft
Auto," a video game that turns virtual pimping, murder and
mayhem into digitized fun for mature teens and immature adults.
That's what Paul Tudor Jones may have been thinking when the
SEC ruled that Ryan Bryant, the former head of Take-Two
Interactive (maker of "Grand Theft Auto") must pay $5 million
in fines to settle alleged option-accounting abuses.
Tudor's team was no doubt watching the case closely,
considering that Tudor Investments owned 1.5 million shares of
Take-Two Interactive. Mind you, Tudor's hedge fund had already
won its game. After all, Take-Two shares fell from $15 to $10
last summer. And regulatory filings with the SEC show that
Tudor moved in to...