Take-Two Board Shake Up at Behest of Icahn

January 21, 2010 -

Investor Carl Icahn, who now owns over 11.0 percent of Take-Two, has triggered a shakeup of the publisher’s board.

Directors Ben Feder, Grover Brown and John Levy will not stand for re-election to the board, though Feder will retain his position as CEO reports GamesIndustry.biz. Icahn has nominated a trio of new personnel to ascend to the board—SungHwan Cho, Brett Icahn (Carl’s son) and James Nelson.

Icahn has agreed to back Take-Two’s five nominees for the board. Additionally, if his three nominees are elected and his ownership in the publisher drops below 5.0 percent, the” Icahn three” will resign their positions.

Analyst Michael Pachter called the board reshuffling a good move:

It is healthy to have an all-outside board of directors. Replacing the others with three selected by Icahn should provide a level of healthy scepticism about business as usual, and should serve to help the company make better decisions.


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Re: Take-Two Board Shake Up at Behest of Icahn

CEOs should get more than 10X the lowest paid woker of the company...er..wait more like 5X......


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Re: Take-Two Board Shake Up at Behest of Icahn

I think they arew already getting paid more that 10x the lowest paid worker.

Considering the lowest paid employee is probably a part time janitorial worker making 30K a year, that would mean the lowest paycheck for a CEO would have to be in the 300K range. Most 7 figure CEO paychecks fit that criteria.

Unless you meant to say "no more than" then they do not fit.

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Andrew EisenNot even remotely true.07/01/2015 - 8:59pm
Goth_SkunkIt is, if the suggestion involves taking something away from a product in order to make it better.07/01/2015 - 8:49pm
Andrew EisenOffering suggestions for improvement does not mean that the work in question is garbage or not doing fine.07/01/2015 - 8:21pm
Goth_SkunkIf their products were garbage, they wouldn't be as praiseworthy as they are.07/01/2015 - 8:08pm
Goth_SkunkAnd Andrew, I really don't think GRRM or the producers of the Game of Thrones TV show need anyone to tell them what to do to make their products better.They appear to be doing just fine on their own.07/01/2015 - 8:07pm
Goth_SkunkThe only thing not worth talking about, is what shouldn't be talked about.07/01/2015 - 7:47pm
Goth_Skunk@Infophile: It could be a reason, if I were wrong. I'm not.07/01/2015 - 7:44pm
PHX Corphttp://kotaku.com/steam-players-take-justice-into-their-own-hands-virtua-1715215648 anyone seen this, Steam Players Make Their Own Justice, Virtually Imprison Troll07/01/2015 - 7:17pm
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Matthew Wilson@tech this isnt the only stupid tax in recent months though. they were adding a commuter tax as well. if they continue doing crap like this, they will run in to the same issues as Detroit.07/01/2015 - 5:34pm
TechnogeekI guess we can give Chicago credit for diversifying their portfolio of corruption, although they've still got a lot of work before they retake that crown from Louisiana.07/01/2015 - 5:29pm
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InfophileAnd also, she said "anyone," but she also said "probably." This means there's a subset for whom the "you shouldn't write it" doesn't apply.07/01/2015 - 4:47pm
InfophileGoing back a bit: "As I believe there is no justification, there is no reason for me to continue reading." - One reason to read might be to find out if you're wrong about there being no justification for it.07/01/2015 - 4:45pm
Andrew EisenRead it here: http://www.zenofdesign.com/getting-diversity-to-speak/07/01/2015 - 4:42pm
Andrew EisenFormer Bioware dev, Damion Schubert, offers an interesting thought on diversity in the industry. Not only is it important to have, it's important to make sure they feel comfortable offering their perspective.07/01/2015 - 4:40pm
Andrew EisenHeh, I did consider it!07/01/2015 - 4:37pm
Craig R.Aww, video gamer players wasn't an option for the poll?07/01/2015 - 4:33pm
KaylaKazeI think the problem here is certain people don't know what "shouldn't" means, even after it's been explained to them half a dozen times.07/01/2015 - 4:19pm
 

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