GameStop’s new CEO did not waste any time in throwing down the hammer — or outlining what he thinks is needed to keep the ailing company afloat.
In his first email to corporate staff and store leaders, billionaire investor Ryan Cohen, whose takeover of the company was completed when the board named him CEO on Sept. 28, said GameStop’s survival demands “extreme frugality” and that the company has no use for “delegators and wasters.” The news was reported by various media outlets, including CNBC, which obtained a copy of the email (see below).
“It is not sustainable for GameStop to operate a money losing business,” Cohen said in the email. “The mission is to operate hyper efficiently and profitably.”
Source: Chain Store Age
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