GameStop has appointed Nir Patel it's new C.E.O.
5 replies (most recent on top)
Game Stop? Wow. Patel must’ve been desperate to get out of Belk. Sorry..Don’t think it was a step up. He’s in it for the money and stock. It will be short lived.
Nir Panel will replace Jenna Owens at Game Stop former CEO only after seven months! The question is how long will Nir Patel will be in this CEO position? Games Stop has habit of replacing Chief Operating Officer frequently!
At Game Stop, Nir Patel is set to make a base salary of $200,000 and is eligible for $3.4 million in sign on bonus! Greed for lack of better word is good! I wonder if Lisa and Don get upset for staying with wonderful and caring Belk corporation or Sycamore Partners Hedge Fund?
Interesting that the post claiming he was fired has "disappeared".
GameStop is the infamous meme stock that saw astronomical gains last year from millennial day traders on the RobinHood platform. It has recently attracted the attention of several market whales.
Oh...wanna see how unimportant Belk is on a national scale?
A national financial site headline:
GameStop (GME) hires former Kohl's exec Nir Patel as new COO
Game Stop was on the Sycamore Partners buying list in June 2018! It was a financial distress video game retail company trying to turn around. To show you it is not hard to hire many incompetent CEOs these days to ruin many retail companies to the ground like Bed Batth Beyond, Belk, Game Stop! Enough said.