Jim Cramer has a magnanimous side too.
After months of calling the company trash and trying to steer as many investors away from GameStop (GME) as he could, Cramer is extending an olive branch to the recently departed CEO of the meme stock, video game retailer.
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Matthew Furlong was fired on June 5th, according to the company's 10Q filing with the SEC. He joined GameStop in June 2021 after spending eight years at Amazon.
Furlong brought with him a number of Amazon executives to fill C-suite roles at the company, but none of them lasted very long. His CFO Michael Recupero was let go last July, his COO Jenna Owens left after just seven months on the job, CTO Matt Francis departed in April, and chief growth officer Elliott Wilke left in September, according to The Verge.
Cramer has been extremely hard on GameStop since it became a meme stock, calling it a $10 billion "nothing" company. But most of his ire has been directed at Ryan Cohen, the chairman of the company.
And he's not the only one questioning Cohen's ability to turn GameStop around.
"Cohen brings people in, doesn't actually tell them what to do. They don't fix anything and then they're gone," Wedbush analyst Michael Pachter told CNBC.
"I don't think he has the first clue on how to turn this company around. And the truth is I don't think they can turn it around. I think that they should be in harvest mode, trying to generate profits on a smaller footprint and they're just not doing that.
