Monday, November 28 2022


After more than a decade at GameStop Corp., Michael Burgoyne is moving to a restaurant chain.

Burgoyne stepped down as vice president and assistant general counsel this month at the video game and consumer electronics retailer, whose fluctuating stock prices and financial performance this year have rocked financial markets.

He became the new legal counsel for Raising Cane’s Chicken Fingers LLC, a private chain specializing in fast food poultry. He told Bloomberg Law by email that his position has not been replaced at GameStop.

Burgoyne is the second in-house lawyer in two months to leave GameStop, which on June 9 announced the hiring of two former Inc. executives, Matthew Furlong and Mike Recupero, to serve as its CEO and CFO, respectively. . The two recruits hope to take GameStop from a physical business to an ecommerce powerhouse, capitalizing on the company’s popularity with retail merchants.

Paul Lanagan, who spent the past year as senior legal counsel for employment and litigation at GameStop, left the company in May to become senior legal counsel for employment at insurer Stewart Title Co. based in Houston. Lanagan did not respond to a request for comment. about his departure.

Burgoyne confirmed by email that he started on June 11 at Raising Cane’s, a Baton Rouge, Louisiana-based company whose famous pitchers include former basketball star Shaquille O’Neal and rappers Calvin “Snoop. Dogg “Broadus Jr. and Cornell” Nelly “Haynes Jr. According to Bloomberg News, Raising Cane’s weathered a sales decline linked to the coronavirus pandemic with more steering wheel controls.

In a message posted this week on LinkedIn, Burgoyne said he was “grateful for the lasting experiences and friendships gained at GameStop,” where he spent nearly 11 years in the company’s legal group. Burgoyne added that he “couldn’t be more excited for this new chapter at Cane!”

In his new role, Burgoyne succeeds Camille Penniman, a former legal officer at Raising Cane’s who left the company more than a year ago. Penniman, who in December became vice president of legal affairs for truck parts maker FleetPride Inc., did not respond to a request for comment on his departure.

Legal changes of GameStop

Dan Reed II, who has spent the past two years as General Counsel and General Secretary of GameStop, also did not respond to requests for comment on Burgoyne and Lanagan’s departures. Nor is a spokesperson for GameStop, which is based in the Dallas suburb of Grapevine, Texas.

A proxy statement filed by GameStop in April shows Reed was not one of the company’s top five highest-paid executives in 2020. GameStop revealed he paid more than $ 4.3 million in compensation total to its former director of transformation, Daniel Kaufman. , whose employment ended on June 1, 2020.

Kaufman, who previously served as General Counsel and General Manager of GameStop, took over as Chief Transformation Officer in 2019 when the company embarked on a restructuring that slashed its staff by 14%. Sullivan & Cromwell and Pepper Hamilton, who merged with Troutman Sanders last year, advised GameStop on this strategic review of its operations.

Reed, a former US General Counsel for GameStop who hired Jackson Walker’s former attorney as associate general counsel in 2006, took over the lead legal role from Kaufman when the latter was appointed Chief Transformation Officer at the mid-2019.

Kaufman, now director of Philadelphia-based Kingswood Consulting LLC, spent 18 years at GameStop, where he led legal, corporate governance, compliance and other cross-functional initiatives, according to his LinkedIn profile. Kaufman was previously the top lawyer for Electronics Boutique Holdings Corp., a video game retailer acquired by GameStop in 2005.

Mark Robinson, another GameStop lawyer who served in the company’s transition management office until he was appointed vice president and deputy general counsel last year, recently took on the new title of director of ethics and compliance. Robinson, a former Jones Day partner, joined GameStop in 2015. He did not respond to a request for comment on his new post.

Ryan Cohen, a billionaire activist investor and entrepreneur who earned his fortune from Chewy Inc., an online pet supplier he co-founded and which went public in 2019, won board seats in administration of GameStop earlier this year. Cohen, who became GameStop’s new president in June, has been a major driver in the company’s effort to revamp its operations with a focus on e-commerce.

Ogletree, Deakins, Nash, Smoak & Stewart, with a focus on labor and employment law, has handled 17% of GameStop’s federal litigation work over the past five years, according to data from Bloomberg Law. California-based Haight Brown & Bonesteel; Morgan, Lewis and Bockius; and Fish & Richardson collectively played a role in approximately 30% of GameStop’s federal litigation during this time period.



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