“Extreme frugality is required. Every expense at the company must be scrutinised under a microscope and all waste eliminated. The company has no use for delegators and money wasters. I expect everyone to treat company money like their own and lead by example,” Cohen added. GameStop Worth USD 5 Billion Appoints Ryan Cohen as New CEO Who Will Not Receive Any Salary.
GameStop shares ended trading on Monday down 11% at $141.04, giving the company a market value of about $10 billion. The stock hit a record high of $483 in late January