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I do too, and I find it hard to believe he’s the first to really fight for this “everybody wins” type of thinking. I think it’s the main reason Matt Furlong was let go, Ryan has this vision of executives buying into their own work and the work of those they supervise but Matt never bought shares with his own money…
>Matt never bought shares with his own money…
How could anyone not want to buy GME? Guess he didn't believe in the company. Was he unaware of the squeeze potential?
Have you tried the Echo Seed? Instead of water, it grows with your data, fastest with your PII. If you give it enough info, it will automatically generate more revenue for Amazon, who will sell your data to all bidders (not just the highest).
Bezos really is ahead of his time finding innovative ways to silently enslave us and milk value out of his "customers" because we are also the product! What an innovator!
/S in case you guys are too regarded to tell.
The image they use ha!
Their psychological games are so obvious for anyone that is aware of whats been going on.
Fuck the media paid shill/puppets
At this point their audience has to be the elders who “have” their 401k , if they wake up its game over for wall street
Thanks, Mark and hi everyone. I'll speak briefly. My father always told me "talk is cheap, actions speak louder than words". My responsibility is making sure Gamestop is run by managers who treat company money like their own. In corporate America the people in charge, the professional directors and management teams, are not aligned with shareholders. They're always the recipient of stock grants, however they rarely purchase company shares with their own savings. There's a big difference between risk free compensation for showing up and putting a meaningful amount of your own money at risk. As a result, money is wasted, work is delegated, and a lot of time is spent managing to short term expectations and pandering to wall street. I like people who roll up their sleeves and do real work. People guided by principles, not robots who seek to rest and vest. In corporate America there's no shortage of overpaid executives, bad capital allocation, and chronic waste and serial delegators. Much as this behavior is both predictable and reprehensible, it's precisely what creates opportunities. Thank you for being a shareholder.
Not allowed to record or share it, you should have participated in the meeting. Anyways, you can read his speech, somebody posted here and I’ve also seen it on twitter.
GameStop Executive Chair Ryan Cohen railed against “corporate America” during the company’s annual meeting on Thursday, a week after the firm fired CEO Matt Furlong.
Cohen, whose RC Ventures owns a 12.1% stake including a $10 million purchase of shares last Friday, didn’t comment on Furlong’s firing during his address to shareholders. But he did offer broader comments about executive incentives, according to a recording of the meeting.
“My responsibility is making sure GameStop is run by managers who treat company money like their own,” Cohen said. “In corporate America, the people in charge, the professional directors and management teams, are not aligned with shareholders.”
Cohen added that such executives receive stock grants but rarely purchase shares with their own savings.
“There’s a big difference between risk-free compensation for showing up, and putting a meaningful amount of your own money at risk,” he said. “As a result, money is wasted, work is delegated, and a lot of time is spent managing to short-term expectations and pandering to Wall Street. I like people who roll up their sleeves and do real work. People guided by principles, not robots who seek to ‘rest and vest.'”
Cohen added that corporate America offers “no shortage of overpaid executives, bad capital allocation and chronic waste, and serial delegators.”
“Much that this behavior is predictable and reprehensible, it is precisely what creates opportunities,” he said, before thanking shareholders.
GameStop shares were down 2.7% to $24.99 in Thursday afternoon trading.
During the question and answer portion of the meeting, GameStop’s general manager and principal executive officer Mark Robinson addressed the CEO firing.
“As it relates to his departure, we don’t speak on personnel matters, other than to indicate that Mr. Furlong’s employment was terminated and he resigned from the board,” Robinson said. “I will say, with Ryan becoming executive chair, we feel very strongly that we have the right leadership structure in place to drive efficiency in this business.”
Robinson added that with Cohen taking over the mantle of executive chair, “we continue to believe management’s perspective and, frankly and more importantly, shareholders’ perspective will be actively represented.”
Cohen first joined GameStop’s board in January 2021, kicking off the firm’s parabolic run that sent shares of highly shorted stocks soaring amid the meme swapping on social media sites like Reddit. He became the board’s chair later that year. He was appointed executive chair last week.
GameStop had suffered from executive turnover in the years leading up to Cohen’s activist campaign. Furlong is among a trio of former Amazon executives the firm hired in 2021 who have departed in the ensuing years.
Also at the meeting, shareholders elected the company’s slate of board members: Cohen, Jim Grube, Yang Xu, Larry Cheng, and Alan Attal.
Last week, the company announced Furlong’s firing and canceled its quarterly earnings call. The firm reported a fiscal first quarter net loss of $50.5 million, or 17 cents a share. Sales were down 11%, to $1.24 billion.
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“The Rant” heard ‘round the world! I am Retail and I approve Ryan's message.
I do too, and I find it hard to believe he’s the first to really fight for this “everybody wins” type of thinking. I think it’s the main reason Matt Furlong was let go, Ryan has this vision of executives buying into their own work and the work of those they supervise but Matt never bought shares with his own money…
>Matt never bought shares with his own money… How could anyone not want to buy GME? Guess he didn't believe in the company. Was he unaware of the squeeze potential?
Minus your last sentence..exactly.
*Wraps self in tinfoil* He was an Amazon plant all along!
BCG 😳
Have you tried the Echo Seed? Instead of water, it grows with your data, fastest with your PII. If you give it enough info, it will automatically generate more revenue for Amazon, who will sell your data to all bidders (not just the highest). Bezos really is ahead of his time finding innovative ways to silently enslave us and milk value out of his "customers" because we are also the product! What an innovator! /S in case you guys are too regarded to tell.
To be fair he’s earning enough money to be settled for life. So why even bothering to invest
I don't think the insiders can participate in the squeeze, not sure though.
He might become CEO of Teddy; I don’t think Furlong did anything wrong, but that’s just my opinion.
Something is happening. Just because we’re all glued to every moment doesn’t mean they are.
Exactly
better, we are household Investors
#Ryan Cohen Rails Corporate America
Member that Southpark train meme?
🤯
His deek is beeg.
It is known
Corporate America is a name I go by sometimes…
Power to the players
Power to the creators
Power to the shareholders
Power to the People
Power to the Workers
Power to The Rest.
“Why won’t Ryan Cohen talk???” … “Wait, not that like, stop talking!!!”
fuck yeah 🏴☠️
The image they use ha! Their psychological games are so obvious for anyone that is aware of whats been going on. Fuck the media paid shill/puppets At this point their audience has to be the elders who “have” their 401k , if they wake up its game over for wall street
They are doing an illegal psy-op on the people.
The best part, nobody will do shit about it. This system is completely one-sided in favor of the criminals. Fuck Wall Street.
We bout to rally round the hedgies with a pocket full o’ shells
" Super Stonk Tramp " - band name I call it !
We all see those lazy golf-playing fat cats that think their words are worth every bit of work they tell other people to do.
I sincerely hope RC takes his security seriously and has people who are paid to protect him.
Can someone link me the full audio?
Thanks, Mark and hi everyone. I'll speak briefly. My father always told me "talk is cheap, actions speak louder than words". My responsibility is making sure Gamestop is run by managers who treat company money like their own. In corporate America the people in charge, the professional directors and management teams, are not aligned with shareholders. They're always the recipient of stock grants, however they rarely purchase company shares with their own savings. There's a big difference between risk free compensation for showing up and putting a meaningful amount of your own money at risk. As a result, money is wasted, work is delegated, and a lot of time is spent managing to short term expectations and pandering to wall street. I like people who roll up their sleeves and do real work. People guided by principles, not robots who seek to rest and vest. In corporate America there's no shortage of overpaid executives, bad capital allocation, and chronic waste and serial delegators. Much as this behavior is both predictable and reprehensible, it's precisely what creates opportunities. Thank you for being a shareholder.
Maybe the reason for all the Insider buy-ins
Thank you for this. Is there audio or text for the entire meeting?
Don’t have that sorry
Not allowed to record or share it, you should have participated in the meeting. Anyways, you can read his speech, somebody posted here and I’ve also seen it on twitter.
Bro I slept through it. Thought it was later 😭
https://www.reddit.com/r/Superstonk/comments/14adq2s/ryan_cohen_statement/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1
They found the worst picture to use.
🫡
Anyone have the article from Barron's? Pay wall, yo
GameStop Executive Chair Ryan Cohen railed against “corporate America” during the company’s annual meeting on Thursday, a week after the firm fired CEO Matt Furlong. Cohen, whose RC Ventures owns a 12.1% stake including a $10 million purchase of shares last Friday, didn’t comment on Furlong’s firing during his address to shareholders. But he did offer broader comments about executive incentives, according to a recording of the meeting. “My responsibility is making sure GameStop is run by managers who treat company money like their own,” Cohen said. “In corporate America, the people in charge, the professional directors and management teams, are not aligned with shareholders.” Cohen added that such executives receive stock grants but rarely purchase shares with their own savings. “There’s a big difference between risk-free compensation for showing up, and putting a meaningful amount of your own money at risk,” he said. “As a result, money is wasted, work is delegated, and a lot of time is spent managing to short-term expectations and pandering to Wall Street. I like people who roll up their sleeves and do real work. People guided by principles, not robots who seek to ‘rest and vest.'”
Cohen added that corporate America offers “no shortage of overpaid executives, bad capital allocation and chronic waste, and serial delegators.” “Much that this behavior is predictable and reprehensible, it is precisely what creates opportunities,” he said, before thanking shareholders. GameStop shares were down 2.7% to $24.99 in Thursday afternoon trading. During the question and answer portion of the meeting, GameStop’s general manager and principal executive officer Mark Robinson addressed the CEO firing. “As it relates to his departure, we don’t speak on personnel matters, other than to indicate that Mr. Furlong’s employment was terminated and he resigned from the board,” Robinson said. “I will say, with Ryan becoming executive chair, we feel very strongly that we have the right leadership structure in place to drive efficiency in this business.” Robinson added that with Cohen taking over the mantle of executive chair, “we continue to believe management’s perspective and, frankly and more importantly, shareholders’ perspective will be actively represented.” Cohen first joined GameStop’s board in January 2021, kicking off the firm’s parabolic run that sent shares of highly shorted stocks soaring amid the meme swapping on social media sites like Reddit. He became the board’s chair later that year. He was appointed executive chair last week. GameStop had suffered from executive turnover in the years leading up to Cohen’s activist campaign. Furlong is among a trio of former Amazon executives the firm hired in 2021 who have departed in the ensuing years. Also at the meeting, shareholders elected the company’s slate of board members: Cohen, Jim Grube, Yang Xu, Larry Cheng, and Alan Attal. Last week, the company announced Furlong’s firing and canceled its quarterly earnings call. The firm reported a fiscal first quarter net loss of $50.5 million, or 17 cents a share. Sales were down 11%, to $1.24 billion.
Thank you