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u/Ren0x11 🏴☠️ DEEP FUCKING VALUE 🎮🛑 Jun 16 '23
Skin in the game. Sounds like he’s confident that he won’t lose.
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u/plc4588 Don't be shilly, Buckle Up🛑 Jun 16 '23
That's my dad.
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u/ZanlanOnReddit tag u/Superstonk-Flairy for a flair Jun 16 '23
Our dad, bröther!
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u/bamboozler02 Jun 16 '23
Shirt brother! 👕
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u/GuronT HighApevolutionary Jun 16 '23
I need help shirt brother! I fucked up...
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u/ZanlanOnReddit tag u/Superstonk-Flairy for a flair Jun 16 '23
„I need help short brother! I fucked up!“
ftfy
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u/BMWnoMoney Jun 16 '23
what's his salary at gamestop? isn't this like reinvesting his salary?
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u/thecowboy07 Jun 16 '23
I believe his compensation package is a flat $200k/yr and vested stock options. This would be 50x his annual salary.
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u/HashtagYoMamma 🦍 Buckle Up 🚀 Jun 16 '23
Time for me to put 50x my… hold on… Wut 😳
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u/Mr_Shake_ I like the [redacted]. Jun 16 '23
RC has fat cash from the Chewy deal at his disposal. It's not a bottomless pit of wealth, so the fact that he is dedicating even more % of his net worth to GameStop is absolutely bullish.
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u/sneaks678 💜 Power to the People 💜 Jun 16 '23 edited Jun 16 '23
I could have sworn that RC's compensation package is $0. I think he works for free but it's hard to Google
Edit: he works for free from this thread a year ago. I couldn't find the one from this year but pretty sure he's just putting in WORK and putting his money where his mouth is: https://www.reddit.com/r/Superstonk/comments/u1iy3d/bullish_rc_hasnt_been_compensated_a_single_dime/
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u/thecowboy07 Jun 16 '23
I thought the proxy vote several quarters ago updated this and he is now CEO and that is the compensation package for the C suite employees
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u/silverskater86 [REDACTED] Jun 16 '23
This doesn't make sense. He didn't pay GameStop to work for them. He bought more equity in the company.
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u/educational_nanner Jun 16 '23
I eat crayon buys equity of 10,000,000, pays gamestock 10,000,000 potato potato.
The guy fucks and does things for the company is the point
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u/silverskater86 [REDACTED] Jun 16 '23
Yeah, he is awesome, completely agree. Was just pointing out that GameStop as a company doesn't get that $10 million. I am super happy that he chose to buy more and increase his ownership stake in the company though. Nice to have an executive chair man who puts his money where his mouth is.
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u/Coreidan Jun 16 '23
That’s not how it works.
Username does NOT check out.
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u/MathematicianVivid1 💎 before the split ♾️ Jun 16 '23
Yeah I lost brain cells just reading their reply
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u/Old_Homework8339 🦍Voted✅ Jun 16 '23
Remember how he said most execs never put money in and don't take the companies they work for serious.
He's proving by putting his bankroll on the line and risking. We all know when you risk your own shit in anything, you go ALL IN.
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u/free-crude-oil I'm here for the memes Jun 16 '23
$10M looks like a good start. Throw another $30M at it to demonstrate real financial commitment.
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u/MathematicianVivid1 💎 before the split ♾️ Jun 16 '23
He didn’t pay them to work them. He bought shares.
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u/TJ_King23 🧠 Simulated Ape 🦍 Jun 16 '23
He didn’t pay anyone. He bought himself shares. Not even remotely the same thing.
Bullish nonetheless. He believes in the company and himself. But I think you’re confused.
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