News

Market Rap: Zelnick either big liar or "just incredibly incompetent"
Posted: 23.07.2009 13:36 by Simon Priest Comments: 6
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

Comments

By herodotus (SI Herodotus) on Jul 23, 2009
herodotus
I say: "See you later mate, and don't take a trillion dollar redunancy package with you (ie. 200 jobs).
By melzerith (SI Core) on Jul 24, 2009
melzerith
Really why does this jackhole still have a job?
By melzerith (SI Core) on Jul 24, 2009
melzerith
He did it all cause he was on coke and if he goes to rehab everything will be ok!!!!!!!!!!!!!!!!!!!!! Everyone messes up one time our another. "NOT"
By herodotus (SI Herodotus) on Jul 24, 2009
herodotus
Is that Gamer's Rehab? I don't wanna go there...ahhhhh!!!!!
By melzerith (SI Core) on Jul 24, 2009
melzerith
NO Hero "gamers rehab" is a place they send you that has only the best games out there!
By BoneArc (SI Elite) on Jul 25, 2009
BoneArc
ya i agree , But COME ON THAT GUY IS AN ASS!