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Strauss Zelnick to run another game company into the ground??

Published: Thursday, March 08, 2007

-Shomari Hines

Former 20th Century and BMG Music big shot Strauss Zelnick who infamously forced music legend Clive Davis out of Arista Records is said to be thisclose to taking the CEO seat at Take-Two Interactive Software. However Strauss was once CEO of another game production company called Crystal Dynamics which according to a commenter on CNNmoney.com's "The Browser" was such a total disaster that you almost never hear about that part of Zelnick's business past. Anyway the owners of the company seem to think Strauss would be a good choice to lead run the show. Investors reportedly responded in a positive manner when they got wind of the news. Maybe they should read this Wikipedia entry


With 46 percent of Take Two's stock in hand, the hedge fund group has a comfortable stake in a company that has suffered a string of embarrassments over regulatory and governance violations. In addition to the management changes, the hedge fund group also is seeking to appoint a total of six board members. They'll present their nominees at Take-Two's March 23 board meeting. The slate includes media honcho Strauss Zelnick, Benjamin Feder, Jon Moses, Michael Dornemann and Michael James Sheresky. The Post has learned that the investor group began forming in early February after veteran activist Carl Icahn floated the idea of agitating for change. At one point in 2006, he had 2.8 million shares.

HEDGE FUND GROUP PLOTS BOARDROOM OUSTER [NYP]
RELATED: Can Strauss Zelnick save Take Two? [The Browser]



Labels: StraussZelnick, TechMedia

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