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Zelnick to remain Take-Two boss until 2029

Zelnick to remain Take-Two boss until 2029

The CEO Take-Two, Strauss Zelnick, is going to be in top job for another seven years.

That's according to an SEC filingspotted by Axios – in which the Grand Theft Auto giant revealed it had signed a new deal with ZelnickMedia for the chief exec and its president, Karl Slatoff, to continue managing the company.

The deal sees Take-Two paying $275,000 to ZelnickMedia each month, on top of other various financial incentives including bonuses and equity awards. All of this seems to be split 60 per cent/40 per cent between Zelnick and Slatoff.

As always, the CEO's pay is tied to metrics at the company. Zelnick's compensation has been more heavily linked to "recurrent consumer spending", i.e. in-game purchases, including NFTs.

In the last financial year, the duo netted $31 million in stock incentives, $3.9 million of which came from hitting RCS metrics.

Zelnick has been chair and CEO of Take-Two since he led an investor takeover of the company back in 2007.


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PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site PCGamesInsider.biz. In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

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