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GameStop's New Billionaire Boss Calls For 'Extreme Frugality' In Email To Staff (kotaku.com)
submitted 11 months ago by nanoUFO@sh.itjust.works to c/games@sh.itjust.works
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[-] Banda@lemmy.world 21 points 11 months 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.

[-] hyperhopper@lemmy.ml 25 points 11 months ago

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

[-] hackitfast@lemmy.world 18 points 11 months ago

Undoubtedly.

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

[-] LastYearsPumpkin@feddit.ch 6 points 11 months ago

Then he's not using those stock sales to help the company, he's using it to enrich himself.

[-] AliasAKA@lemmy.world 13 points 11 months 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

[-] sugar_in_your_tea@sh.itjust.works -5 points 11 months ago

Nah, GME to the moon!

[-] n3m37h@sh.itjust.works 4 points 11 months ago

Can you go to the moon instead?

[-] sugar_in_your_tea@sh.itjust.works 1 points 11 months ago

Nah, GME is there. Screw em.

[-] snooggums@kbin.social 10 points 11 months ago

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

this post was submitted on 29 Sep 2023
75 points (94.1% liked)

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