Strauss Zelnick, a partner in ZelnickMedia since 2001, became Chairman of Take-Two in March 2007. Mr. Zelnick is currently Chairman of Columbia Music Entertainment (CME) of Japan, OTX, and ITN Networks. He serves on the boards of directors of Blockbuster Inc. and Naylor Inc. Mr. Zelnick served as Executive Chairman of Direct Holdings, the parent company of Time Life and Lillian Vernon until the company was sold to Reader's Digest on March 2, 2007.
Prior to forming ZelnickMedia, Mr. Zelnick was President and Chief Executive Officer of BMG Entertainment, a $4.7 billion music and entertainment company with more than 200 record labels and operations in 54 countries. Mr. Zelnick's appointment as President and Chief Executive Officer of BMG Entertainment followed his tenure as President and Chief Executive Officer of the company's North American business unit from 1994 through 1998. Before joining BMG Entertainment, Mr. Zelnick was President and Chief Executive Officer of Crystal Dynamics, a leading producer and distributor of interactive game software. Prior to that, he spent four years as President and Chief Operating Officer of 20th Century Fox, where he managed all aspects of the worldwide motion picture and distribution business.
Previously, he spent three years at Vestron Inc. as a senior executive, and rose to become President and Chief Operating Officer. Mr. Zelnick also served as Vice President, International Television for Columbia Pictures. Mr. Zelnick holds an MBA and a JD from Harvard University and a BA from Wesleyan University. He is an associate member of the National Academy of Recording Arts and Sciences and served on the Board of Directors of the Recording Industry Association of America and the Motion Picture Association of America.
Ben Feder
Chief Executive Officer
Committee: Executive
Ben Feder, a partner of ZelnickMedia since 2001, became Chief Executive Officer and Director of Take-Two in March 2007. Mr. Feder oversees ZelnickMedia's interest in Columbia Music Entertainment (CME) of Japan. He serves on the board of CME, traded on the Tokyo Stock Exchange.
Prior to co-founding ZelnickMedia, Mr. Feder was Chief Executive Officer of MessageClick, Inc., a leading provider of voice messaging technology for next generation telephone networks.
Prior to founding MessageClick, Mr. Feder served as a senior executive at News Corp., where his most recent position was Executive Vice President, News MCI Internet Ventures. In this role, he oversaw worldwide corporate development, marketing, operations, content and advertising activities for News Corp.'s Internet services and led the company's negotiations for the formation of News MCI Internet Ventures, a News Corp. joint venture with MCI. Previously, Mr. Feder managed corporate development for Fox, the unit of News Corp. that develops and produces feature films and programming for television and cable television. At Fox, he was responsible for structuring and negotiating film financing, acquiring television assets, including Star TV in Asia, and distribution for cable networks, including Fox's FX channel. Mr. Feder holds an MBA from Harvard University and a BA from Columbia University.
Lainie Goldstein
Chief Financial Officer
Lainie Goldstein was named Chief Financial Officer in June 2007. Prior to that time, she was Senior Vice President of Finance since joining Take-Two in 2003. Ms. Goldstein is a CPA with over 18 years of financial and business experience in the software, entertainment, retail and apparel industries, including more than 10 years overseeing the finance function of publicly traded companies. She joined Take-Two in November 2003 after seven years with Nautica Enterprises, where she served as Vice President, Finance and Business Development. Ms. Goldstein also held positions in the audit and reorganization departments at Grant Thornton and received her BS in Accounting from The American University in Washington, D.C.
Seth Krauss
Executive Vice President and General Counsel
Seth Krauss joined the Company in March 2007 from Morgan Stanley, where he served as an Executive Director in the Legal and Compliance Division. Most recently, Mr. Krauss was responsible for coordinating all significant regulatory and law enforcement matters in the U.S. and served as one of the Firm's senior liaisons to its regulators, including the U.S. Securities and Exchange Commission (SEC), National Association of Securities Dealers (NASD), and the New York Stock Exchange (NYSE). From 1995 until joining Morgan Stanley in 2004, Mr. Krauss served as an Assistant District Attorney and Senior Investigative Counsel in the New York County District Attorney's Office. At the DA's Office, Mr. Krauss was responsible for leading complex, long-term investigations into violations of securities, banking, accounting, taxation and related laws and regulations, working closely with the SEC, NASD, as well as federal, state, and international financial regulators and law enforcement agencies. Among other matters, Mr. Krauss co-led the Office's investigation of the role of financial institutions in Enron's collapse. Mr. Krauss is a graduate of Duke University where, from 1992 until 1995, he served as a Trustee on its Board. Mr. Krauss received his law degree from Washington University, School of Law.
Karl Slatoff
Executive Vice President
Karl Slatoff was name Executive Vice President in February 2008. Mr. Slatoff is a partner at ZelnickMedia who specializes in the area of music, direct marketing, broadcast television and radio, interactive entertainment and new media.
Mr. Slatoff most recently served as Vice President, New Media for BMG Entertainment, one of the world's largest music companies whose labels include Arista Records, RCA Records and J Records and is home to such worldwide superstars as Whitney Houston, Annie Lennox, Christina Aguilera, Santana, Sarah McLachlan and the Dave Matthews Band, among many others. In this position, Mr. Slatoff was responsible for guiding BMG's online digital strategies, including the development of commercial digital distribution initiatives and new business models for the sale and syndication of online content. He was also responsible for maintaining relationships and leading negotiations with major software developers, consumer electronics manufactures and online retailers/portals, as well as representing BMG's interests in various industry consortiums relating to the development of digital businesses.
Mr. Slatoff joined BMG in 1998 as Manager, Corporate Development. In this position he worked closely with the company's then President and CEO Strauss Zelnick on a variety of corporate development initiatives. Before joining BMG, Mr. Slatoff worked in strategic planning at the Walt Disney Company, where he focused on the consumer products, studio and broadcast divisions, as well as several initiatives in the educational, publishing and new media sectors. Mr. Slatoff was also an active member of the integration team for Disney's 1996 acquisition of Capital Cities/ABC. Prior to Disney, Mr. Slatoff worked in the corporate finance and mergers and acquisitions units at Lehman Brothers where he focused on the consumer products and retail/merchandising industries. Mr. Slatoff received his M.B.A. from the Harvard Business School, and holds bachelor of arts degrees in English literature and economics from Kenyon College.
Safe Harbor Statement
Cautionary Note Regarding Forward-Looking Statements
The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws and may be identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "potential," "predicts," "projects," "seeks," "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for the Company's future business and financial performance. Such forward-looking statements are based on the current beliefs of our management as well as assumptions made by and information currently available to them, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may vary materially from these forward-looking statements based on a variety of risks and uncertainties including: our dependence on key management and product development personnel, our dependence on our Grand Theft Auto products and our ability to develop other hit titles for current generation platforms, the timely release and significant market acceptance of our games, the ability to maintain acceptable pricing levels on our games, our reliance on a primary distribution service provider for a significant portion of our products, our ability to raise capital if needed, risks associated with international operations, and the matters relating to the investigation by a special committee of our board of directors of the Company's stock option grants and the claims and proceedings relating thereto (including stockholder and derivative litigation and negative tax or other implications for the Company resulting from any accounting adjustments or other factors). Other important factors and information are contained in the Company's Annual Report on Form 10-K for the fiscal year ended October 31, 2008, in the section entitled "Risk Factors," as updated in the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2009, and the Company's other periodic filings with the SEC, which can be accessed at www.take2games.com. All forward-looking statements are qualified by these cautionary statements and apply only as of the date they are made. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Executive Officers
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Safe Harbor Statement
