One-player game: How 36-year-old billionaire Ryan Cohen exerted his dominance at GameStop
It took just a few months for a 36-year-old entrepreneur to take over America’s most talked-about company—and make $1 billion for himself in the process.of GameStop Corp. with the verve of an old-school corporate raider. Wielding little more than a minority stake and a sharp tongue, Mr. Cohen pushed out GameStop’s executive team and installed longtime associates on the company’s board. The tactics made the co-founder of online pet store Chewy Inc.
Save for pledging to increase digital sales, Mr. Cohen is vague on his long-term vision for the company, which mostly sells videogames and related products at its roughly 4,700 stores world-wide. At a June shareholder meeting, he deflected specific questions, saying he was wary of providing hints to competitors.
“We know some people want us to lay out a whole detailed plan,” he said in a live video appearance at the meeting, “but that’s not going to happen.”
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