DRS Your GME

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Community to discuss the DRSGME.org project and resources, and how to spread DRS advocacy and information to GameStop investors around the world.

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founded 1 year ago

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CFO out (gamestop.gcs-web.com)

submitted 1 year ago by [email protected] to c/[email protected]

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I think she was a placeholder anyways, wasn't she? At any rate, GME does have a lot of C-level turnover relative to other companies I interact with at that level.

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[–] [email protected] 4 points 1 year ago (1 children)

Yeah this is a fair point and I have often wondered what it must be like working directly under RC. You definitely need to be someone in a grind and build mindset.

I currently work under a boss that has an insane work ethic, if I'm putting in 50-60 hrs in a given week, he is easily doing 70-90. On one hand it's motivating and inspiring to get through a push on a project and it's nice to not have to worry that you are busting ass while your boss is sitting on theirs. On the other hand, it's tiring when the pace doesn't change or abate ever. It's like dude...chill, we aren't making any more for killing ourselves.

Anyone in RC's C-suite is going to have to be a very specific type of person and will need to buy into his vision to stick around long term.

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

Exactly. GME is a legacy corporation they're trying to pivot into tech. You can't just pivot overnight and expect everybody to be onboard chasing the shiny new toy. There are definitely people out there that would buy into RCs vision and be experienced and smart enough to do it -- but, are they willing to take the risk on his vision in shares vs taking that risk with a healthy cash compensation package? He whines about the C-suites all over the world being vastly overpaid, and he's correct. But there's a line between paying for the talent you need that aligns with you want to do, and just taking your ball and going home because you don't want to bid what the market is asking for salary to do those things.

I don't live in the multi-billion dollar corporate circles, but I work in them. If I truly thought Furlong was "the guy" I wanted, I'd have been paying him over a million a year plus tiered growth stock incentives and cash bonuses. It lets the guy live his life as he was probably accustomed to coming over as a former division president of AMZN, and still gives him tangible accelerators and bonuses for company growth. A million bucks a year for a quality CEO of a multi-billion dollar corporation is a bargain.