Take-Two CEO Ben Feder Stepping Down To Travel Asia

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) CEO Ben Feder is stepping down at the end of this year because he has plans to travel Asia for an extended period of time. Take-Two chairman Strauss Zelnick will take over as CEO on January 1. Feder became CEO of Take-Two in March 2007 with a management agreement that extended through October 31, 2012. During the past four years, Take-Two had made a profit once when Grand Theft Auto IV was released. [CNET]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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