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’s executive chairman. The announcement marks an end to GameStop’s months-long C-suite shakeup. The company in June...