Language
GameStop fires CEO, names Ryan Cohen exec chair

News

HomeHome / News / GameStop fires CEO, names Ryan Cohen exec chair
search
RECENT NEWS

May 30, 2023

Ball Named ECAC Defensive Player of the Year

Jun 16, 2023

Purple Restore Mattress review

Nov 01, 2023

Ceiling robots can reconfigure room lights and curtains

May 30, 2023

Good, Better, Best: Our Impressions of Sony's 2023 TV and Soundbar Range

Apr 14, 2023

Lume Cube Cordless Ring Light Pro review

SEND YOUR INQUIRY
SUBMIT

Jan 19, 2024

GameStop fires CEO, names Ryan Cohen exec chair

GameStop on Wednesday fired CEO Matt Furlong, and named Ryan Cohen as executive

GameStop on Wednesday fired CEO Matt Furlong, and named Ryan Cohen as executive chair.

Why it matters: GameStop is the retailer at the center of the 2020 meme stock madness, in which Cohen played a starring role.

Backstory: Cohen founded and led Chewy, the pet supplies e-commerce company, before becoming an activist investor who in mid-2020 disclosed around a 10% stake in GameStop.

Thought bubble, from Axios' Felix Salmon: "Furlong's stock award was concentrated in years 3 and 4. By terminating him now, Cohen is saving the company millions of dollars in CEO compensation costs."

Why it matters: Backstory: Thought bubble