GameStop's survival demands 'extreme frugality,' CEO Ryan Cohen tells employees
Publishing timestamp: 2023-09-29 10:24:15
Summary
GameStop's new CEO, Ryan Cohen, sent an email to employees emphasizing the need for extreme frugality and eliminating waste to ensure the company's survival. Cohen, who became CEO after being the largest shareholder, will not receive a salary. GameStop has faced challenges due to the shift to online gaming and has experimented with new businesses. The company's shares have fallen this year, and it reported a net loss in the second quarter.
Sentiment: MIXED
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