Read from tweaktown:
GameStop's board of directors has fired former CEO Matthew Furlong without cause, as allowed in Furlong's employment contract, and has moved Ryan Cohen as the executive chairman. The announcement was made alongside GameStop's Q1 operational performance report which confirmed the company would not be holding a conference call for shareholders.
Following the announcement, GameStop ($GME) stock fell by over 19% from $26.11 to $21.09 in after-hours trading.
GameStop's board of directors has fired former CEO Matthew Furlong without cause, as allowed in Furlong's employment contract, and has moved Ryan Cohen as the executive chairman. The announcement was made alongside GameStop's Q1 operational performance report which confirmed the company would not be holding a conference call for shareholders.
Following the announcement, GameStop ($GME) stock fell by over 19% from $26.11 to $21.09 in after-hours trading.
