Reggie Fils-Aimé Criticizes GameStop Management’s Lack of “Articulated” Strategy

Image: Nintendo

Reggie Fils-Amie was at SXSW this weekend to talk about the current disruption in the entertainment industry market, and during his talk on the show he was asked about his thoughts on a number of things. , including the Facebook metaverse.

Naturally, during this same conference, the former president of Nintendo of America was also asked about GameStop. Reggie served on the retailer’s board of directors from April 2020 to June 2021. GameStop was another of many companies hit hard by the pandemic and increased digital sales. Reggie joined the board hoping he could help the company. “The gaming industry needs a healthy and vibrant GameStop,” he said of his appointment on Twitter in 2020. “I look forward to serving on GameStop’s Board of Directors and helping to achieve this goal.”

At SXSW, Reggie backed that up and reiterated his belief that GameStop could succeed if it adapted and branched out into e-commerce – Chewy CEO Ryan Cohen was named to the board to see that happen. produce – but although Reggie wanted to be part of that effort, he says he was “rejected”.

When Bloomberg’s Emily Chang asked what Reggie had to say about the company’s current strategy, he was less than complimentary about his direction:

“There was no articulated strategy. The leaders say we don’t want to articulate our strategy because they don’t want it to be stolen. To me, that was not acceptable.”

You’ll recall that the announcement of Reggie’s departure came just months after the short squeeze and subsequent inflation in GameStop stock prices. Although Reggie spoke briefly about this period, he did not directly state why he left GameStop, or reveal the price for which he sold his shares. At the very least, it seems a difference of opinion was what led him and a number of other prominent council members to leave.

You can see all of SXSW’s GameStop discussion on Bloomberg.

stoppage of play

What do you think of Reggie’s comments on GameStop? Let us know in the comments.


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