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Reggie Fils-Aimé joins Gamestop Board of Directors to help advise company's future
- Thread starter Stef
- Start date
People often sit on multiple boards, or have other jobs in addition to sitting on a board of directors.
Don't think this means he's left his other job or anything, probably just getting paid handsomely to sit on the gamestop board. And for Gamestop it makes sense as he's a name that might bring more respectability for investors.
Don't think this means he's left his other job or anything, probably just getting paid handsomely to sit on the gamestop board. And for Gamestop it makes sense as he's a name that might bring more respectability for investors.
I imagine he will do both. Joining the board is not a full time job!
being on the BoD is an additive rather than either-or thing.
I know people that are on the BoD of a company, while they have their daily job they do
Goes without saying, but in America the only reason an old exec signs at a dying company is because they either make millions for riding it out until they get real old, or they are ready to bank on the inevitable millions in contract buyout the board has to pay the exec when the company sinks anyway. Reggie likely knows he can't save GameStop, and when it collapses, he won't care like any exec. He will get his millions in an instant and the employees get laid off with nothing to help. Not his fault it's like this, but that's what this is in America. The golden parachutes. He took this job because he actually will be among a board that will take millions and say they have NO responsibility for the failure to justify it. Win win for execs like him. We all know GameStop has lay-offs coming and it won't hurt the execs to sign up.
Interesting move.
Go from Nintendo at the top of their game, to a company at the very much opposite.
Good luck Reggie, I think you're gonna need it. I hope you turn the ship around
Go from Nintendo at the top of their game, to a company at the very much opposite.
Good luck Reggie, I think you're gonna need it. I hope you turn the ship around
It's like Phil Harrison leaving Sony to join Atari all over again.
I wish Reggie the best of luck. I've no doubt he'll be getting paid a lot of money for the privilege and will have his finger hovering over the ejector seat button to jump out just before it crashes.
I wish Reggie the best of luck. I've no doubt he'll be getting paid a lot of money for the privilege and will have his finger hovering over the ejector seat button to jump out just before it crashes.
Can a mod or the OP update this thread a bit? So many people are still not getting it. Board members help shape a company's role, but they're not necessarily involved in a day to day to role at the company. Many are not. He's not becoming the CEO or the President.. he, along with a few other new board members, are going to try and help them get back on track while they maybe still can.
It's super common for retired Chief Execs to end up on a bunch of corporate boards of companies in related industries. Being on a board is a cushy part time job. Even for a failing company. He'll probably just vote on some acquisition offers or be used as a relationship bridge, etc. Certainly nothing shocking or wtf worthy here.
Wild enough to officially declare bankruptcy and liquidate all of their stores by end of year
He's a board member, not an executive. It's unlikely this requires him to be active full time.
