September 28, 2023 GRAPEVINE, Texas, Sept. 28, 2023 (GLOBE NEWSWIRE) – GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today disclosed that its Board of Directors has elected Ryan Cohen as President and Chief Executive Officer, effective immediately. Mr. Cohen will not receive compensation for serving as the Company’s President, Chief Executive Officer and Chairman.


RC rolling up his sleeves.

  • Kecessa@sh.itjust.works
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    1 year ago

    Gamestop has essentially undergone a "adversarial recovery."

    Have been OOTL for a while, something happened?

    • jergy@lemmy.whynotdrs.org
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      1 year ago
      • June 9, 2021 - Ryan Cohen becomes chairman of the board of directors, replaces the entire board with his own people, Matt Furlong becomes CEO
      • June 7, 2023 - Matt Furlong out as CEO, Ryan Cohen becomes “executive chairman”
      • September 28, 2023 - Ryan Cohen is now CEO
        • jergy@lemmy.whynotdrs.org
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          1 year ago

          at this point I think it is inconclusive.

          It’s possible that there was in fact a problem with Matt. RC has made commentary about overpaid CEOs / executives in the past.

          Some people speculate that Matt Furlong still has a role to play in this saga, though there isn’t necessarily strong evidence for that.

        • AnimorphFan1996@lemmy.whynotdrs.org
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          1 year ago

          My opinion: what was wrong with Matt Furlong was that he lost $50 million.

          “GameStop fired its CEO, Matt Furlong, and elevated Ryan Cohen to executive chairman, the company announced on Wednesday. […] GameStop (GME) also reported a net loss of $50.5 million […] The loss comes just a few months after GameStop (GME) reported its first quarterly profit in two years.”

          https://www.cnn.com/2023/06/07/business/gamestop-fires-ceo/index.html