Billionaire Ryan Cohen takes over as CEO at GameStop
- GameStop has appointed billionaire Ryan Cohen as CEO and chairman, strengthening his control over the struggling video game retailer.
- Cohen, who already holds the position of board chairman and is the largest individual investor in GameStop, will not receive any compensation for his new roles.
- There have been concerns about Cohen's track record as an activist investor, but his holding company RC Ventures holds a significant 12% stake in GameStop.
31 Articles
31 Articles
Billionaire Activist Investor Ryan Cohen Joins GameStop As Its Unpaid CEO
Ryan Cohen, a billionaire activist investor and the founder of online pet supply retailer Chewy, has been named the CEO of GameStop and he won’t be collecting a salary, the video game retail chain announced today (Sept. 28). Cohen’s investment firm RC Ventures took a stake in GameStop in 2020—at the height of the “meme stock” phenomenon—and joined the company’s board in 2021. He is GameStop’s largest shareholder and was most recently the company…
GameStop names Ryan Cohen CEO
GameStop announced Thursday that it was naming Chairman Ryan Cohen as chief executive officer, effective immediately. The company's board of directors elected Cohen, the company's largest investor, as president and CEO and said he will not receive compensation for serving as the company president, chief executive and chairman. Former CEO Matt Furlong was fired in June. REDDIT'S GAMESTOP SHORT SQUEEZE BECOMES 'DUMB MONEY' MOVIE "Mr. Cohen will as…
Billionaire Ryan Cohen takes over as CEO at GameStop
Billionaire Ryan Cohen, the largest individual investor in GameStop, is taking over as CEO at the video game retailer. Cohen is already the board chairman and the company’s largest individual investor. GameStop said in a statement that Cohen won’t receive compensation for serving as its president, CEO and chairman. The CEO job at GameStop, which became one of the most well-known meme stocks to create a frenzy among retail traders on Wall Street…
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