GameStop Names Activist Investor Ryan Cohen as Chairman of the Board

GameStop (NYSE: GME) is now fully controlled by the activist investors who were calling for change at the video game retailer. Weeks after numerous executives either quit or were ousted from their jobs, and most of the board of directors declared they would not stand for reelection at the annual shareholders meeting, the company announced activist investor Ryan Cohen would become board chairman. If it wasn't clear before, those who are looking to transform GameStop into the "Amazon of video games" are now firmly in charge.