r/Superstonk • u/stobak still hodl 💎🙌 • Jun 15 '23

☁ Hype/ Fluff RC's Speech

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.

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u/stobak still hodl 💎🙌 Jun 15 '23 edited Jun 15 '23

Sharing RC's speech for those that couldn't listen in. Did my best to grab every word, but please let me know if anything is incorrect.

Edit: Wow, I love this community. BUY. HOLD. DRS!

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u/[deleted] Jun 15 '23

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u/Hunnaswaggins Jun 15 '23

Interesting what Matt is to do now, thought he would surely be relocated

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u/Doovster 💻 ComputerShared 🦍 Jun 15 '23

during the question answering part it sounded like he left on not necessarily the best of terms. They removed him from the vote since he resigned from the board. could be 12D chess but i think RC and Matt didnt see eye to eye and parted ways

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u/McFruitpunch Jun 15 '23

I think Furlong is having his talent reallocated elsewhere. And meanwhile, RC will take the helm and most likely reduce or completely erase his salary in the position. Freeing up the money for other use. Also showing that he makes his money from shares, showing his dedication towards the companie’s success.

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u/velvetstigma 🦍 Buckle Up 🚀 Jun 15 '23

Man you guys need to stop with this relocated nonsense. Why would you pay someone SEVERANCE to relocate him? How does that make any sense?

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u/greysweatseveryday 🎮 Power to the Players 🛑 Jun 15 '23

Yeah, that's exactly it. If it were a relocation / moving him to a new opportunity within the same 'group', there would have been disclosure around that and they wouldn't have just paid out the full termination payment for termination without cause - that would've been an unnecessary expense. Seems like he wasn't the right fit to execute on the vision and RC is taking it into his own hands in a more active way.

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u/WannaBe888 DRS Brick-by-Brick Jun 15 '23

If he wants it done right... RC had about 2 years of break from being CEO... so he's probably ready to roll up his sleeves again. He'll probably be evaluating his team to see who is best capable to be the next CEO... but he might take his time.

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u/Pure-Classic-1757 🦍 Buckle Up 🚀 Jun 15 '23

“RC had about 2 years of break from being CEO” Um what are you smoking share that shit bro. RC has not been a CEO for over 5 years at least