this post was submitted on 29 Sep 2023
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Does that extend to his and the rest of the C suites salaries?
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?
Undoubtedly.
Who thinks he's being the CEO out of the good in his heart?
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
Nah, GME to the moon!
Can you go to the moon instead?
Nah, GME is there. Screw em.
Yes, and that is the same thing as being paid even if the CEO pretends that it isn't.
He has 0 salary, he isn't getting paid for any of this. Hence the end of the letter. You obviously didn't even read it.
Billionaires can afford to not get paid. Billionaires expecting normal people to get paid less is the pinnacle of arrogance.
Playing with other people's livelihoods is the hobby of so many rich people.
Ah yes, billionaires making business decisions out of the kindness of their heart. Super likely.
These people don't make the bulk of their wealth through a paycheck.
No shit, he's an activist that bought in and turned the company around when it was being run into the ground by consultants working for short sellers. He owns about 15%
Now compare that to executives with no personal stake in their company, making millions in salary and not giving a fuck about anyone else