Acclaim CEO steps down

Exec to stay as company's co-chair

Greg Fishbach, co-founder and longtime CEO of struggling vidgame publisher Acclaim Entertainment, has stepped down and will be replaced by Rodney Cousens. Fishbach, who helped start Acclaim in 1987, will remain the company’s co-chairman.

Acclaim has sputtered in the past year with a series of underperforming games that sent its share prices down more than 80% after three money-losing quarters. Shares rose 9%, or 7¢, to 85¢ per share on Nasdaq after the announcement.

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