Take-Two chairman Strauss Zelnick has been blasted by Market Rap for being ”one of the worst” executive managers ever seen, advising ”extreme caution” to investors.
The piece tears into Zelnick for his handling of Take-Two’s recent financial situations, and of course the EA offer. Three major statements were either lies, incompetence ”or worse”.
”If you’re keeping score, in a two year period, Mr Zelnick managed to, on three occasions, make vital statements that were within a matter of weeks proven to be either fabricated or just incredibly incompetent (or worse),” wrapped up the Market Rap article.
”Mr. Zelnick managed to resist and reject a buyout offer that was triple the company’s current share price while claiming other interested parties who never emerged. And Mr. Zelnick, meanwhile, tripled his management company’s compensation for these efforts because, after all, he does not engage in regrets and does not “take responsibility for the market.”
”These statements and others strongly suggest that investors should proceed with extreme caution with any investment that involves Strauss Zelnick,” they urge. ”His performance so far as an executive manager of a publicly traded company is one of the worst I have ever seen in my professional investment experience.” What say you videogamer… ?
Source: Kotaku
