https://kotaku.com/gamestop-meme-stock-gme-ryan-cohen-ceo-email-layoffs-1850884730
Ryan Cohen told workers the company has no use for 'delegators and money wasters'
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.
But is he getting a hefty stock based compensation package? Can he sell those stocks before he bails?
Then he's not using those stock sales to help the company, he's using it to enrich himself.
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