Take-Two held its annual shareholder meeting yesterday and a group of disgruntled stockholders owning 46.1% of the company stock succeeded in overthrowing the board and replacing it with seven directors of their choice.
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The new Take-Two Board of Directors consists of Strauss Zelnick, Ben Feder, Jon J. Moses, Michael Dornemann, Michael James Sheresky and incumbent independent directors John Levy and Grover C. Brown. Strauss Zelnick, former CEO of BMG Entertainment and Crystal Dynamics, became the new chairman of Take Two, and Ben Feder, formerly a senior executive at News Corp, has been named acting CEO, replacing Paul Eibeler.