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April 18th, 2008 @ 06:26
In what pretty much sums up the entire Take-Two AGM last night, Gamespot brings word that chairman Strauss Zelnick answered only two shareholder questions before shutting up the meeting.
The floor was then opened to stockholders’ questions–of which there were only two. First, Zelnick declined to answer a query as whether Take-Two had entered into any confidentiality agreements with other potential buyers, as it has previously publicly hinted. Secondly, he refused to comment on today’s announcement that the Federal Trade Commission was investigating the possibility that an EA takeover could violate antitrust laws. Then… the meeting was unceremoniously adjourned, leaving analysts and reporters to ponder Take-Two’s next move.
Brilliant. Read the rest of last night’s happenings here, should you be bothered.
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April 18th, 2008 at 6:57 am
This sounds amazingly dodgy.
Companies are answerable to their shareholders. In fact, shareholders ARE the company. The behaviour of Zelnick throughout events seems petulant, greedy and entirely self-serving - particularly in respect of the huge inflation of bonus that ZelnickMedia stands to gain if they can keep EA out of things.
Zelnick’s responses and attitude suggest he is looking after his own interests at the expense of the company’s.
April 18th, 2008 at 8:14 am
They must’ve been delaying the EA assault team in the foyer.
April 18th, 2008 at 8:33 am
It’s not looking very much as though this EA thing’s actually going to happen, is it?
April 18th, 2008 at 10:05 am
After all the publicity of airing the AGM live, I’m really puzzled now as to what Zelnick hoped to achieve.
I’m even more puzzled about whether or not he actually achieved it!
/scratches chin(ster)