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Sherman's move to step down comes as Ryan Cohen, co-founder and former CEO of online pet food company Chewy Inc, tightens his grip on GameStop after taking over as chairman earlier this month.
Investors pushed the stock price down more than 20% in after-hours trading, continuing a roller-coaster ride that started in early 2021 when retail investors piled in to prove hedge fund betting ...
The company's shares, which were at the heart of a Reddit-driven trading frenzy, jumped 9% in premarket trade on Monday after GameStop said Sherman would resign on or before July 31 and that it ...
Cohen remained CEO following the acquisition and operated the business largely as an independent unit of PetSmart. [19] He grew the business to 3.5 billion in revenue in 2018, including 66% of sales coming from customers signed up for automatic recurring shipments, [ 20 ] prior to stepping down as CEO to pursue personal goals and spend time ...
GameStop shut down both PC Downloads and Spawn Labs in 2014. [39] ... George Sherman announced that he will step down as CEO of GameStop by July 31, 2021.
GameStop announced today that its CEO, George Sherman, will be stepping down on July 31 or earlier, upon the appointment of a successor, according to a company statement. See: GameStop Shares ...
GameStop fired its CEO Wednesday with no explanation and abruptly canceled its earnings call, pushing at least one Wall Street analyst to reiterate a view the video game retailer remains "doomed."
GameStop Chair Kathy Vrabeck and board member Raul Fernandez sold shares from January 13 to 16, making $1.4 million, and likewise, board member Lizabeth Dunn cashed in $156,700. [110] [111] GameStop CEO George Sherman owns over 2.3 million shares in the company, according to Bloomberg News. These shares were worth $44 million on December 31 ...