• Take-Two plans severance for potentially fired employees

    John Biggs

    Biggs is the East Coast Editor of TechCrunch. Biggs has written for the New York Times, InSync, USA Weekend, Popular Mechanics, Popular Science, Money and a number of other outlets on technology and wristwatches. He is the former editor-in-chief of Gizmodo.com and lives in Bay Ridge, Brooklyn. You can Tweet him here and G+ him here. Email him directly at... → Learn More

    Monday, March 10th, 2008

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    IF and WHEN EA buys Take-Two, the makers of such classics as GTA and the rest of the GTA series will be well taken care of. In an SEC filing, Take-Two executives who are flopped out on their flabby white butts will get 1.5 times their salary and bonus for up to 18 months if they are fired without cause. Now it’s up to EA to get all Michael Clayton on Chairman Strauss Zelnick and CEO Ben Feder and fire them with cause. Presumably the grunts pushing polygons will receive the same deal.

    Note to EA: These are not guys you kill. These are guys you pay off.

    Take-Two forms severance plan in case of takeover [Reuters]

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