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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.
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Bias Distribution

  • 62% of the sources are Center
62% Center

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Forbes broke the news in United States on Thursday, September 28, 2023.
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