GameStop's New Billionaire Boss Calls For 'Extreme Frugality' In Email To Staff

3 years ago by nanoUFO to c/games

Ryan Cohen told workers the company has no use for 'delegators and money wasters'

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slazer2au 49 points 3 years ago

Does that extend to his and the rest of the C suites salaries?

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Banda 26 points 3 years ago

Ryan specifically says

“I’m not getting paid, so I’m either going down with the ship or turning the company around. I much prefer the latter.”

I assume he’s not taking a salary for his role. I highly doubt that extends to the rest of the c suite though.

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hyperhopper 25 points 3 years ago

But is he getting a hefty stock based compensation package? Can he sell those stocks before he bails?

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hackitfast 21 points 3 years ago

Undoubtedly.

Who thinks he's being the CEO out of the good in his heart?

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AliasAKA 14 points 3 years ago

Yes, and he’ll do the old “force austerity to temporarily drive up profit margins for a quarter or two, then once it’s clear the next quarter will be crap, sell all of the stock that was awarded (auspiciously with a very short vesting window, if not just given outright)”

Typical bs, probably worth shorting this stock over the next year or so

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snooggums 10 points 3 years ago

Yes, and that is the same thing as being paid even if the CEO pretends that it isn't.

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