How Ryan Cohen lost the faith of Nintendo veteran who stepped down from GameStop board

The former president of Nintendo of America described being sidelined by the board chairman and his allies before stepping down from the board of directors last year.3:30 PM on Mar 16, 2022 CDT

What is GameStop’s turnaround plan under chairman Ryan Cohen, the entrepreneur and activist investor idolized by retail investors? The answer to that question — or lack thereof — is the reason former Nintendo of America president and chief operating officer Reggie Fils-Aimé decided to step down from GameStop’s board of directors after roughly a year, he“There has not been an articulated strategy,” Fils-Aimé said of the Grapevine-based video game retailer. “Leadership says we don’t want to articulate our strategy because we don’t want anybody to steal our strategy.

The games industry veteran, who has a successful track record of launching numerous Nintendo products in North American markets, said that the lack of a plan and his exclusion from the strategy planning process were unacceptable to him.GameStop will report its fourth-quarter and full-year financial results Thursday, and the company has yet to reveal any specifics surrounding Cohen’s grand promise to turn the ailing retailer around.

Source: Gaming Daily Report (gamingdailyreport.net)

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