Take-Two, publisher of the Civilization franchise and parent company of Firaxis, recently announced the shakeup of three seats on their board of directors. Reuters reported that billionaire investor Carl Icahn, who owns an 11.3% stake in the company, used his influence to nominate the new directors, one of whom is his son Brett.
One of the notable directors stepping down is Take-Two’s CEO Ben Feder, though he will continue to work for the company in his current role. Reuters also noted that roughly three years ago, Chairman Strauss Zelnick attained his position after a similar ousting.
According to Zelnick, “It’s important to note that Mr. Icahn did not request that these directors in particular step down; they were willing to continue in their role, but agreed not to stand for re-election in keeping with their commitment to the Company and desire to put the best interests of stockholders first.”
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