Zelnick to remain Take-Two boss until 2029
pcgamesinsider.bizThe CEO Take-Two, Strauss Zelnick, is going to be in top job for another seven years.
That's according to an SEC filing – spotted 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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