Take-Two Interactive’s CEO steps down
Ben Feder, the CEO of the company behind “Grand Theft Auto,” “Bioshock” and “Red Dead Redemption” is calling it quits.
Feder has announced plans to resign his post at Take-Two Interactive Software on Jan. 1, 2011. Chairman Strauss Zelnick will assume his duties.
Rather than hopping to another company or industry, Feder says he plans to travel in Asia with his family before making other moves. And while he won’t be directly involved with the company, he’ll still have ties as a partner in ZelnickMedia, the investment firm that owns a sizable stake of the company.
Over the past four years under Feder’s leadership, Take-Two has emerged from the legal troubles with the SEC that threatened to overwhelm the company, diversified its portfolio and manage to turn a profit in a non “Grand Theft Auto” year.
Chris Morris reports on the the intersection of Hollywood and technology, as well as the latest must-have consumer technology gadgets.
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