this post was submitted on 28 Sep 2023
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DRS Your GME

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GameStop Announces Election of Ryan Cohen as Chief Executive Officer (gamestop.gcs-web.com)
submitted 1 year ago by Chives@lemmy.whynotdrs.org to c/drs_your_gme@lemmy.whynotdrs.org
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September 28, 2023 GRAPEVINE, Texas, Sept. 28, 2023 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today disclosed that its Board of Directors has elected Ryan Cohen as President and Chief Executive Officer, effective immediately. Mr. Cohen will not receive compensation for serving as the Company’s President, Chief Executive Officer and Chairman.

RC rolling up his sleeves.

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[–] jersan@lemmy.whynotdrs.org 2 points 1 year ago (1 children)

at this point I think it is inconclusive.

It's possible that there was in fact a problem with Matt. RC has made commentary about overpaid CEOs / executives in the past.

Some people speculate that Matt Furlong still has a role to play in this saga, though there isn't necessarily strong evidence for that.

[–] Kecessa@sh.itjust.works 2 points 1 year ago (1 children)

His pay was public wasn't it?

[–] jersan@lemmy.whynotdrs.org 2 points 1 year ago (1 children)

Yes. his salary was $200k per year, plus stock options worth multiple millions.

[–] Kecessa@sh.itjust.works 1 points 1 year ago

Oh I thought all c-suits were paid in stocks options only (it's really been a while 😂)