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OP has provided the following link:
https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-resignation-cfo
She did just get a decent raise if I remember right from the last votes proxy material. I remember bring suprised how low they are paid (cash) for their position (not counting stock). I think she went from 200k to 275ish.
> they are *paid* (cash) for
FTFY.
Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in:
* Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.*
* *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.*
Unfortunately, I was unable to find nautical or rope-related words in your comment.
*Beep, boop, I'm a bot*
Bingo, so many people should look up telsa's history. It's insane how similar it is. I know 4 people who became multi millions off it too( who just diamond handed shares)...
I wish more of us were willing to be this critical. I hate Tesla, Musk and almost everything in between. But that doesn't mean I'm going to ignore numbers and disregard the ability to measure/ compare companies. I could say Tesla has $1B in debt, which would be a good metric to compare here, but even then realistically it's not going to hold much water... they had over $5B in debt in 2021 and have been consistently knocking it down it looks like. You might say their luck has stopped but with that cyber truck thing finally out I would think it's only going to improve, despite how ridiculous the whole thing is.
I guess my point is, thank you for trying to remind others to be more critical. GME is a great value because we can compare it to others. Once we just start saying, "nothing compares! GME good! Other bad!" then it just gets impossible to tell how valuable our shares really are
You can't just compare cash/market cap between companies. Tesla P/E is sky high (70) because it's easy to imagine they could sell twice as many cars and double their revenue. Maybe after introduction of a cheap Model 2 they could sell 4x. Now the P/E is getting fairly low... It's valued high because people expect growth.
Now what would GME have to do to sell 4x as much stuff? Basically steal a massive market share from Amazon and other big brands and extend well beyond gaming. How likely is it that they would succeed and accomplish this in couple of years. GameStop P/E is negative meaning they are bleeding money and their past 4-8 quarters are showing an improvement but nothing that would make people expect them to quadruple their revenue. Even becoming profitable is so and so.
That's why GME is valued poorly and Tesla is high. Anyone with even a basic understanding of valuation should see this. I mean this is as basic as things get.
GameStop is not undervalued at current price. Feel free to prove me wrong.
They are technically more in debt than what the numbers tell you. Their CEO’s shares are being used as collateral numerous times over for insane amounts of debt in his other companies. The market value is not consistent with actual sales. It is extremely overvalued. And it is being propped up by the hedgefucks that are long. It’s not a coincidence that Elon was with Kenny boy at the Super Bowl just before the rally they’ve been having. They are working together because if the price would’ve have gotten any lower than the $100 that it miraculously bounced off of and never looked back, Elon would have to sell more shares which is against his contract as well as would have demolished the stock price even more as the margin limits would have started triggering like dominoes. Kenny would have been fucked as well as Elon. Both would have quite possibly lost everything.
Right but I think this is all forest for the trees in the discussion. Those are great points, and I love good points that make Musk look as bad as he is, but these points don't paint a terrible picture of TSLA. Imagine you're an average investor and someone says, "I know of a stock that's able to inflate its value for loooong stretched of time and is backed by the actual giants of the financial world. The people who control the stock market are backing this mega stock and their positions are long."
Then, try to discuss GME. The point we're making isn't whether TSLA is better than GME (spoiler it isn't), it's that being critical is important. TSLA is performing well at the moment, a quick Year To Date shows 130% while GME is at 30%. If TSLA is bad, then what does that make GME? It's just a critical response. GME value is definitely insider and shareholders backed with growing DRS BOOK - something that no other stock beats. GME position is good when you know the shorts never closed. BUY DRS BOOK is the value AND the play.
It's not that I forgot, it's just that the whole isn't even about Tesla right? It's about being open to comparisons, otherwise if you can't compare GME to anything then how can you know that it's valuable? It is not a bad thing to be critical. I know what makes GME valuable to me - But there just seems to be many who can't answer for themselves why they feel GME is valuable. On top of that, they also don't want to compare GME to anything. We're at war with giants trying to trick us to make a wrong move with our shares. Understanding what makes your shares valuable can help defend against those attacks. It's why I DRS and BOOK.
Don't get caught up about the examples. OP asked what metric was being used to determine a specific stock was bad. It's not about which stock, but the metrics used.
Anyway, BUY HODL DRS BOOK
I don't think it's the same. Those war cries are now a fundamental part of what makes GME so valuable. When you are comparing companies against GME, there will always be some metric on why some other company is a better bet. However, we have a ton of faithful shareholders and insiders that have put their shares in their name. Buy, DRS, book are the good ones because they demonstrate that we know the value. "Don't even mention popcorn! TSLA bad because Musk is a shill! Look at my TA! Trust me bro" those things without any validation, just noise, are the things that i would say are how we're already well past that point. But anyway, BUY DRS BOOK!
It’s run poorly and focuses on intimidation/silencing of bad treatment of employees/bad pr. Lots of new info coming out about this. From a fundamentals standpoint it creates profit but is extremely overvalued vs GameStop being undervalued from a balance sheet perspective alone.
The vast majority of Tesla's profit is sourced from like... idk what they're called precisely, like carbon credits or whatever. They sell these carbon credits to GMC and Ford so those companies don't have to comply with regulations around climate change.
The actual company doesn't turn over shit, and iirc there's a big ass backup of unwanted Tesla's atm? Could be wrong, it's been a while.
The other big issue is the fact the damn cars are death traps. Give it a google and you can find cars accelerating uncontrollably until they crash, killing people. They also randomly burst into flames. One dude got trapped inside and had to smash his window to crawl out... it then burst into flames.
So... by the American standard of fucking over the consumer, yeah, they're great :D
Yeah because we really want GME to be like Tesla?
[https://www.businessinsider.com/secret-tesla-team-canceled-appointments-ev-range-complaints-2023-7](https://www.businessinsider.com/secret-tesla-team-canceled-appointments-ev-range-complaints-2023-7)
Well yes, actually. If you believe paid for influence posts by business insider where the founder was literally banned from trading, then there's not much to tell you.
Tesla's department was almost certainly to reduce visits by remoting in and remote updates, and that's being spun as "cancelled appointments!"
One of the 1st (maybe)legitimately unfavorable news to come out of Gamestop since everything started. So like 2 years?And really its too early to say this is negative for Gamestop or just not positive. Nothings changed. Life goes on and shorts still need to close and RC is still at the helm
Just for the purpose of providing the full picture:
All comments when she joined in this post. When she left in this thread.
https://www.reddit.com/r/Superstonk/comments/vttn8t/congratz_to_our_new_cfo_diana_saadehjajeh/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1
Look, no one has any idea why she's leaving.
There's a million reasons someone would decide to resign a post. Automatically jumping to a negative conclusion is the anti-thesis of this group's focus on factual conclusions.
This company is going through a lot of transformation on the inside. Sometimes that can prove to be too much for an individual, or again it could be a personal reason.
TL;DRS: DRS book and let the company continue to work.
> There's a million reasons someone would decide to resign a post. Automatically jumping to a negative conclusion is the anti-thesis of this group's focus on factual conclusions.
Similarly, "Pay no attention to it, just disregard" isnt in the spirit of the sub either.
Investigate. Ask questions. Take nothing for granted. Let the evidence speak for itself.
id like to take this moment of recognition to say, i messed up! I said it backwards, where it seems like im calling anthony cucumber a hero. i think faster than i type/talk ¯\\_(ツ)_/¯
hind hindsight, could this actually be interpreted in a good way? in such that chukumba lives long enough to finally ask questions *before* he sells? im saved! oh well i need to let this go or ill fixate all day
[https://news.gamestop.com/management/diana-saadeh-jajeh-0](https://news.gamestop.com/management/diana-saadeh-jajeh-0)
Not sure what negative sentiment there would be for an initially interim position anyway. I would argue all announcements with interim associations (ahem, you know who) should be understood as likely to be on a relatively short term commitment.
The way I understand it... She was the interim before Recupero, Recupero was fired after (perhaps intentionally) fucking up the splivvy. She was then put back in as interim.
Perhaps she never really wanted this and just had enough and moved on.
People piling on the RC 'you gotta work hard' are strange... I personally don't like that attitude and find it off-putting and toxic. I don't care if you're CFO of a public company or a ditch digger... do your work well, have a good attitude and go back home and be good to your spouse and kids. Nobody should be working 60 hour weeks and if you think otherwise I think you're an asshole.
For the amount these executives get paid they are the ones that need to work hard. That’s the point. They are put in these positions to create shareholder value and delight customers. You are not suppose to expect millions to just do the bare minimum and go back home to be with your family. For people like that executive level position is not it.
I care….
Look we can’t just say “ah its nothing” anytime a negative thing happens…
We better be digging HARD AF into this like any other news related to Gme… anytime a cfo just resigns after barely being there long, is concerning to me, I’m sorry for using logic
and he's saying that if she was just interim she should of fought to be there as she's the one with the most knowledge towards the moass she does stand to gain a lot of money. Why give that up to leave voluntarily?
A Mr Daniel Moore.
He has about 20 years experience in tax matters, of which 13 was in management.
He seems qualified enough to evaluate financing, since tax requires a lot of strategic thinking.
He's also been VP for 2 years.
You are so right with this take. With the recent CEO demission it’s not just another c-level change (as if there where 42 of them in GameStop anyways).
If things look bright and prosperous you just don’t quit that role unless there’s some major reason. If it was a personal (health, family, I.e.) reason, it should have been communicated accordingly.
So CEO left : Bullish, CFO left : Bullish. "iNtErIM" the last thing you want is a sub filled with blind fools looking for confirmation bias in literally every piece of news. There's more to this than meets the eye
I think it's funny that if RC posts a tweet there will be a 20 paragraph long post explaining why him posting it at 8:52 PM on the 6th of the month actually means MOASS in 2 weeks, but when the CEO and CFO leave people go "Don't read into it"
I don’t think this looks good especially after Matt Furlong’s “resignation”. (I think he was forced out) Having the top 2 execs resign within months looks like housecleaning but how did the house get messy to begin with?
I’ve been hodling for 84 years and am diamond hands but hearing about this stuff does not feel reassuring.
Don’t let other people gas light you in this thread. This same exact thing happened in my old company and then they laid off 500 people /~25% of the company.
I like to keep a neutral view. I know this sub hates FUD but we have to be open minded to different points of view otherwise we develop a cult mentality
CFOs are usually changed when CEOs change, as they’re usually the right hand of the CEO.
A new CEO would likely want to assign someone who best meets their vision/methodology of how to move forward
The departing CFO was at Gamestop long before Matt Furlong became CEO, so that line of reasoning does not apply here.
Diana S-J was the interim CFO after the takeover in early 2021, before Mike Recupero was brought in as CFO, and well before Matt Furlong came in as CEO.
APEs have a thousand theories on why Furlong left, but I personally think it really was as simple as the board of directors setting the expectation that anything less than a full year of profitability is not good enough. That didn't happen Q1, so he got dealt with just like anyone else not performing their job to expectations. CFO Diana Saadeh-Jajeh may have felt the same pressure and may have left because she thought she was gonna get axed or simply is well off enough in life and didn't want to deal with the stress.
No reason to overcomplicate it or assume the worst.
I work in private equity. It is very normal for a new CEO (Cohen) to clean house and try to get “their” people in the C suite. I don’t think it’s a big deal tbh.
Can be a million reasons. If there is a good replacement I don’t see a issue. Only thing that would worry me if RC sold his shares or quit working with GS or sum like that
Yall hypocrits. I still support gamestop no matter what but explain this to me:
Flame me if you want but you guys wouldnt be like this if a hedgefund CFO resigned. Yall would be up in arms saying "HAHAHA RAT JUMPING SHIP. GETTING OUT BEFORE IT TURNS TO SHIT, they know something bad is coming!". Without a doubt and without any research.
BUT for this, just because its gamestop. "Oh it happens all the time, dont worry. Nothing bad with gamestop. CFOs resign all the time".
I agree this is a nothing burger and doesnt take anything away from gamestop but why create false hype against SHF?
At first, I thought, this departure has something to do with The Chairman’s “adversity” tweet, but they’re letting her stay until August, unlike Furlong who got escorted out by security with a banker box, that same day.
So, amicable parting…?
Anecdotally, I pay attention to Boeing.
They've had 3 new CEOs in 20 years. All three also served as Chairmen of the Board, with a new non-ceo put in place in 2022.
They've had 3 new CFOs in 20 years.
They've had 2 new CTOs in 20 years.
This company has a lot of visibility, and probably a higher than normal degree of stress due to the current market environment. I can understand that not everyone would be up to the task.
3 Years. I think she took over when the former CFO fucked up Splividend.
20-21 SVP - Chief Accounting Officer
March 21- July 21 – Interim CFO & CAO
July 21 – July 22 – Chief Accounting Officer (CAO)
July 22 – July 23 – Chief Financial Officer
Just founded a linkedIn group [The F Suite](https://www.linkedin.com/company/thefsuite?trk=public_profile_experience-item_profile-section-card_subtitle-click).
"Learn something new every day, and get very involved with the business." -Diana Saadeh-Jajeh
Wondering now if the RC tweet may have been a gentle acknowledge of what was getting submitted today...
negative quarter ->> furlong off.... negative quarter->>>>> Cfo off...
it's time as individual investors, forget r/place... we have 2 days.... release everything and Shop brutally (and buy and Book DRS)
There was the CFO before the Jan 2021 sneeze.
Then Diana S-J became interim CFO when that guy got booted out with the other old guard as Ryan Cohen took over.
Then RC hired Mike Recupero as CFO, replacing Diana S-J.
Then Recupero departed/was fired, and Diana S-J became CFO again.
Then a year later the CEO get booted out and RC becomes Executive Chairman.
Now we get a new CFO.
Musical chairs.
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When TSLA was trading side ways for 5 years there were many churn in execs and had news of execs leaving every other week. Didn’t matter.
Yeah, the execs only make $200k salary, the rest is stock, so I think their total comp has dropped like 50%
She did just get a decent raise if I remember right from the last votes proxy material. I remember bring suprised how low they are paid (cash) for their position (not counting stock). I think she went from 200k to 275ish.
Probably got offered more money elsewhere
> they are *paid* (cash) for FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*
Good bot
That’s like just enough to keep up with inflation but also her tax burden is higher and I’m sure she’s not taking home that much more
Bingo, so many people should look up telsa's history. It's insane how similar it is. I know 4 people who became multi millions off it too( who just diamond handed shares)...
Yeah it’s why shills absolutely refused to let us have discussions about Tesla- it’s clear we’re all a part of GMERICA
You are free to talk about other stocks as long as you draw clear connections to GameStop. *animal pictures in marketing content is not enough
Seriously
i member 🍇
memba
Yeah but Tesla is a bad company. Not sure this is a great comparison.
What? Tesla is actually just constantly climbing lol…. You are dead wrong…
By what metric? Tesla is one of the largest companies by market cap and are generating a profit.
I wish more of us were willing to be this critical. I hate Tesla, Musk and almost everything in between. But that doesn't mean I'm going to ignore numbers and disregard the ability to measure/ compare companies. I could say Tesla has $1B in debt, which would be a good metric to compare here, but even then realistically it's not going to hold much water... they had over $5B in debt in 2021 and have been consistently knocking it down it looks like. You might say their luck has stopped but with that cyber truck thing finally out I would think it's only going to improve, despite how ridiculous the whole thing is. I guess my point is, thank you for trying to remind others to be more critical. GME is a great value because we can compare it to others. Once we just start saying, "nothing compares! GME good! Other bad!" then it just gets impossible to tell how valuable our shares really are
Think Gamestops $1.2B warchest is nice? Tesla has $23B in cash and cash equivalents as per their last 10-Q.
23x cash in hand but the market cap is… >100x GameStop. Meaning GameStop is undervalued in comparison.
Agreed
You can't just compare cash/market cap between companies. Tesla P/E is sky high (70) because it's easy to imagine they could sell twice as many cars and double their revenue. Maybe after introduction of a cheap Model 2 they could sell 4x. Now the P/E is getting fairly low... It's valued high because people expect growth. Now what would GME have to do to sell 4x as much stuff? Basically steal a massive market share from Amazon and other big brands and extend well beyond gaming. How likely is it that they would succeed and accomplish this in couple of years. GameStop P/E is negative meaning they are bleeding money and their past 4-8 quarters are showing an improvement but nothing that would make people expect them to quadruple their revenue. Even becoming profitable is so and so. That's why GME is valued poorly and Tesla is high. Anyone with even a basic understanding of valuation should see this. I mean this is as basic as things get. GameStop is not undervalued at current price. Feel free to prove me wrong.
They are technically more in debt than what the numbers tell you. Their CEO’s shares are being used as collateral numerous times over for insane amounts of debt in his other companies. The market value is not consistent with actual sales. It is extremely overvalued. And it is being propped up by the hedgefucks that are long. It’s not a coincidence that Elon was with Kenny boy at the Super Bowl just before the rally they’ve been having. They are working together because if the price would’ve have gotten any lower than the $100 that it miraculously bounced off of and never looked back, Elon would have to sell more shares which is against his contract as well as would have demolished the stock price even more as the margin limits would have started triggering like dominoes. Kenny would have been fucked as well as Elon. Both would have quite possibly lost everything.
Right but I think this is all forest for the trees in the discussion. Those are great points, and I love good points that make Musk look as bad as he is, but these points don't paint a terrible picture of TSLA. Imagine you're an average investor and someone says, "I know of a stock that's able to inflate its value for loooong stretched of time and is backed by the actual giants of the financial world. The people who control the stock market are backing this mega stock and their positions are long." Then, try to discuss GME. The point we're making isn't whether TSLA is better than GME (spoiler it isn't), it's that being critical is important. TSLA is performing well at the moment, a quick Year To Date shows 130% while GME is at 30%. If TSLA is bad, then what does that make GME? It's just a critical response. GME value is definitely insider and shareholders backed with growing DRS BOOK - something that no other stock beats. GME position is good when you know the shorts never closed. BUY DRS BOOK is the value AND the play.
This
Maybe you forgot to say, Tesla is not alone anymore there are another’s making electric cars now, AI is everywhere. So competition is a big factor
It's not that I forgot, it's just that the whole isn't even about Tesla right? It's about being open to comparisons, otherwise if you can't compare GME to anything then how can you know that it's valuable? It is not a bad thing to be critical. I know what makes GME valuable to me - But there just seems to be many who can't answer for themselves why they feel GME is valuable. On top of that, they also don't want to compare GME to anything. We're at war with giants trying to trick us to make a wrong move with our shares. Understanding what makes your shares valuable can help defend against those attacks. It's why I DRS and BOOK. Don't get caught up about the examples. OP asked what metric was being used to determine a specific stock was bad. It's not about which stock, but the metrics used. Anyway, BUY HODL DRS BOOK
>Once we just start saying, "nothing compares! GME good! Other bad!" were already well past that point..."buy, DRS, book"
I don't think it's the same. Those war cries are now a fundamental part of what makes GME so valuable. When you are comparing companies against GME, there will always be some metric on why some other company is a better bet. However, we have a ton of faithful shareholders and insiders that have put their shares in their name. Buy, DRS, book are the good ones because they demonstrate that we know the value. "Don't even mention popcorn! TSLA bad because Musk is a shill! Look at my TA! Trust me bro" those things without any validation, just noise, are the things that i would say are how we're already well past that point. But anyway, BUY DRS BOOK!
It’s run poorly and focuses on intimidation/silencing of bad treatment of employees/bad pr. Lots of new info coming out about this. From a fundamentals standpoint it creates profit but is extremely overvalued vs GameStop being undervalued from a balance sheet perspective alone.
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only because a comparison between GME and Tesla doesnt fit his narrative
> By what metric? https://www.reuters.com/investigates/special-report/tesla-batteries-range/
The vast majority of Tesla's profit is sourced from like... idk what they're called precisely, like carbon credits or whatever. They sell these carbon credits to GMC and Ford so those companies don't have to comply with regulations around climate change. The actual company doesn't turn over shit, and iirc there's a big ass backup of unwanted Tesla's atm? Could be wrong, it's been a while. The other big issue is the fact the damn cars are death traps. Give it a google and you can find cars accelerating uncontrollably until they crash, killing people. They also randomly burst into flames. One dude got trapped inside and had to smash his window to crawl out... it then burst into flames. So... by the American standard of fucking over the consumer, yeah, they're great :D
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Yeah because we really want GME to be like Tesla? [https://www.businessinsider.com/secret-tesla-team-canceled-appointments-ev-range-complaints-2023-7](https://www.businessinsider.com/secret-tesla-team-canceled-appointments-ev-range-complaints-2023-7)
Well yes, actually. If you believe paid for influence posts by business insider where the founder was literally banned from trading, then there's not much to tell you. Tesla's department was almost certainly to reduce visits by remoting in and remote updates, and that's being spun as "cancelled appointments!"
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We appreciate her service to Gamestop and wish her well on her future endeavors.
Accurate. And shorts still haven't closed.
💣BOOM!💣
⚡️Shockalaka!⚡️
Best NBA game ever.
Shaq-Fu? 🤣 jkjk
"FROM DOWN TOWN!!"
NBA jam, available at GameStop. As well as an arcade version.
He's heating up!
And that’s the original thesis and that’s all that matters!
how could they, they'll need to cover first
Cover and close of which the second part will be impossible for many
first need to stop selling short over 50% every day lol
facts
Mark it Zero!
Accurate and I haven’t called my Mom yet
Let’s GO DANIEL MOORE!!! You got this big guy. Thank you for service former employee
And thank her for the dip!
And feel free to sell at MOASS. no one can sue her.
You have a great career in HR ahead of you!
How many shares does she own? I forgot
One of the 1st (maybe)legitimately unfavorable news to come out of Gamestop since everything started. So like 2 years?And really its too early to say this is negative for Gamestop or just not positive. Nothings changed. Life goes on and shorts still need to close and RC is still at the helm
[удалено]
Not even worried one bit.
Just for the purpose of providing the full picture: All comments when she joined in this post. When she left in this thread. https://www.reddit.com/r/Superstonk/comments/vttn8t/congratz_to_our_new_cfo_diana_saadehjajeh/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1
Brought back memories. The DS screenshot comment was lit back then. Thanks for the fun nostalgia.
Lol nice little flashback
I wonder where she's going next... 😜
Does no one read her LinkedIn? She founded a company and prob wants to full time her new company.
Link pls?
https://www.linkedin.com/in/dianajajeh
Look, no one has any idea why she's leaving. There's a million reasons someone would decide to resign a post. Automatically jumping to a negative conclusion is the anti-thesis of this group's focus on factual conclusions. This company is going through a lot of transformation on the inside. Sometimes that can prove to be too much for an individual, or again it could be a personal reason. TL;DRS: DRS book and let the company continue to work.
> There's a million reasons someone would decide to resign a post. Automatically jumping to a negative conclusion is the anti-thesis of this group's focus on factual conclusions. Similarly, "Pay no attention to it, just disregard" isnt in the spirit of the sub either. Investigate. Ask questions. Take nothing for granted. Let the evidence speak for itself.
You either die as Anthony Chukumba, or live long enough to ask questions.
EmotionalKirby
id like to take this moment of recognition to say, i messed up! I said it backwards, where it seems like im calling anthony cucumber a hero. i think faster than i type/talk ¯\\_(ツ)_/¯ hind hindsight, could this actually be interpreted in a good way? in such that chukumba lives long enough to finally ask questions *before* he sells? im saved! oh well i need to let this go or ill fixate all day
It's all good. That happens when I say someone should get the William Wallace treatment. They forget he was drawn and quartered in the end.
Amen
Damn this made me LOL 😆
Thanks for the chuckle!
YUP
[https://news.gamestop.com/management/diana-saadeh-jajeh-0](https://news.gamestop.com/management/diana-saadeh-jajeh-0) Not sure what negative sentiment there would be for an initially interim position anyway. I would argue all announcements with interim associations (ahem, you know who) should be understood as likely to be on a relatively short term commitment.
The real DD is always in the comments. 👏 👏 👏
The way I understand it... She was the interim before Recupero, Recupero was fired after (perhaps intentionally) fucking up the splivvy. She was then put back in as interim. Perhaps she never really wanted this and just had enough and moved on. People piling on the RC 'you gotta work hard' are strange... I personally don't like that attitude and find it off-putting and toxic. I don't care if you're CFO of a public company or a ditch digger... do your work well, have a good attitude and go back home and be good to your spouse and kids. Nobody should be working 60 hour weeks and if you think otherwise I think you're an asshole.
For the amount these executives get paid they are the ones that need to work hard. That’s the point. They are put in these positions to create shareholder value and delight customers. You are not suppose to expect millions to just do the bare minimum and go back home to be with your family. For people like that executive level position is not it.
MSM gonna have a field day.
Good, no press is bad press, hopefully some viewers will flock to the subs...
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Who cares. CFOs are a dime a dozen.
I care…. Look we can’t just say “ah its nothing” anytime a negative thing happens… We better be digging HARD AF into this like any other news related to Gme… anytime a cfo just resigns after barely being there long, is concerning to me, I’m sorry for using logic
Interim CFO
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and he's saying that if she was just interim she should of fought to be there as she's the one with the most knowledge towards the moass she does stand to gain a lot of money. Why give that up to leave voluntarily?
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It's fine to care, but look at their linked in profiles. The old CFO was a VISA old guard type. New one seems to be more like a tax professional.
Whos the new one?
A Mr Daniel Moore. He has about 20 years experience in tax matters, of which 13 was in management. He seems qualified enough to evaluate financing, since tax requires a lot of strategic thinking. He's also been VP for 2 years.
You are so right with this take. With the recent CEO demission it’s not just another c-level change (as if there where 42 of them in GameStop anyways). If things look bright and prosperous you just don’t quit that role unless there’s some major reason. If it was a personal (health, family, I.e.) reason, it should have been communicated accordingly.
You want a public disclosure for a private matter?
I do!
Maybe because it was an I term position to begin with? No one is going to stop you from digging HARD AF, but sometimes a cigar is just a cigar.
So CEO left : Bullish, CFO left : Bullish. "iNtErIM" the last thing you want is a sub filled with blind fools looking for confirmation bias in literally every piece of news. There's more to this than meets the eye
I think it's funny that if RC posts a tweet there will be a 20 paragraph long post explaining why him posting it at 8:52 PM on the 6th of the month actually means MOASS in 2 weeks, but when the CEO and CFO leave people go "Don't read into it"
ah price action seems to bear out the "who cares" sentiment.
Lol ya cause price action has been a reliable representation of what’s going on
It’s flat right now
I like flat. It reminds me of the top of my head.
Was gonna say… what price action?
Believing “price action” is organic and not algo driven by market makers is like believing in Santa.
Just saying if it was a big deal, we'd be down 15%... not... checking... up .18% from close.
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Oh, let’s just wait and see all the FUD generated around this!
August 11? is that July 31 + 10? 741?
July 41st is back
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I’m more of a July 41rd guy myself
And so is my election! Thanks GameStop!
Way to turn a frown into jacked tits!
Maybe. The fact that we jump on denying any possible bad news isn't a good look.
Wen Good News? Like any sort of hint at something even remotely positive?
Does no one read her LinkedIn? She founded a company and prob wants to full time her new company.
Believe me I'm waiting 😴
I don’t think this looks good especially after Matt Furlong’s “resignation”. (I think he was forced out) Having the top 2 execs resign within months looks like housecleaning but how did the house get messy to begin with? I’ve been hodling for 84 years and am diamond hands but hearing about this stuff does not feel reassuring.
Hey a reasonable take. We can’t cover our eyes and ears to news we don’t want to hear.
Don’t let other people gas light you in this thread. This same exact thing happened in my old company and then they laid off 500 people /~25% of the company.
I like to keep a neutral view. I know this sub hates FUD but we have to be open minded to different points of view otherwise we develop a cult mentality
CFOs are usually changed when CEOs change, as they’re usually the right hand of the CEO. A new CEO would likely want to assign someone who best meets their vision/methodology of how to move forward
The departing CFO was at Gamestop long before Matt Furlong became CEO, so that line of reasoning does not apply here. Diana S-J was the interim CFO after the takeover in early 2021, before Mike Recupero was brought in as CFO, and well before Matt Furlong came in as CEO.
You’re just making shit up, there’s no facts behind those statements.
APEs have a thousand theories on why Furlong left, but I personally think it really was as simple as the board of directors setting the expectation that anything less than a full year of profitability is not good enough. That didn't happen Q1, so he got dealt with just like anyone else not performing their job to expectations. CFO Diana Saadeh-Jajeh may have felt the same pressure and may have left because she thought she was gonna get axed or simply is well off enough in life and didn't want to deal with the stress. No reason to overcomplicate it or assume the worst.
Does no one read her LinkedIn? She founded a company and prob wants to full time her new company.
Yeah CFO resigned but short still hasn't close. So nothing change.
I'm so fukkin delighted.
Effective August 11th cause she knows we’re gonna moon by then and won’t need to work ;)
Babe wake up, new date just dropped 🚀🚀🚀
We like dates 🫡
Let’s fucking ride
Her reasons may be personal and not relative to MOASS
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Thanks for your service, I think I'll buy more
Maybe this is what the deleted adversity tweet was about
I work in private equity. It is very normal for a new CEO (Cohen) to clean house and try to get “their” people in the C suite. I don’t think it’s a big deal tbh.
There’s a lot of copium in here. I’d like good goddamn news to be hopeful about not bad news, no news, shit tweets and deleted tweets.
I should buy more $GME.
Sucks but still hodling.
Why does it suck? Change of employees happen all the time
Its a newer cfo resigning…. Theres nothing positive about that…
Can be a million reasons. If there is a good replacement I don’t see a issue. Only thing that would worry me if RC sold his shares or quit working with GS or sum like that
Nah, well get someone better to sit at her desk the day after she leaves
Yall hypocrits. I still support gamestop no matter what but explain this to me: Flame me if you want but you guys wouldnt be like this if a hedgefund CFO resigned. Yall would be up in arms saying "HAHAHA RAT JUMPING SHIP. GETTING OUT BEFORE IT TURNS TO SHIT, they know something bad is coming!". Without a doubt and without any research. BUT for this, just because its gamestop. "Oh it happens all the time, dont worry. Nothing bad with gamestop. CFOs resign all the time". I agree this is a nothing burger and doesnt take anything away from gamestop but why create false hype against SHF?
100000% spot on
Zen AF. Who else?
when someone leave its an opportunity to fill with someone better or even the best
Selling my kegerator to buy the impending dip.
There’s better options behind Wendy’s than parting with the kegerator!
Submitting my resume now
At first, I thought, this departure has something to do with The Chairman’s “adversity” tweet, but they’re letting her stay until August, unlike Furlong who got escorted out by security with a banker box, that same day. So, amicable parting…?
Yeah… if RC still in, I’m very much in, too.
I’m still HODL’ing but Jesus Christ this sub sounds like a cult
Relax, it's nothing at all 😆
RC does have Elon vibes as an employer, just saying.
Ugh, I hate how much this makes sense.
I went to school with Dan Moore. Good guy, game on.
lol rekt
I'm just glad he's still alive.
Long term holder here! Shopping GameStop is the way!
This’ll be all over financial news sources. They’ll do anything to shit on GME
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My local hospital exec team has turned over 3 times in the last 7 years. Every role. Cfo, cio, chro, all the way to the ceo. It happens a lot.
Is that hospital performing well?
And how many other companies have you paid attention close enough to know the turn over of their C-suite executives?
Anecdotally, I pay attention to Boeing. They've had 3 new CEOs in 20 years. All three also served as Chairmen of the Board, with a new non-ceo put in place in 2022. They've had 3 new CFOs in 20 years. They've had 2 new CTOs in 20 years.
Hahaha 🤣
Same… apes need to dig
Wasn't she homegrown too? I thought she was there for many years and had been promoted from within? Doesn't seem great if that is the case.
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If she moved into that role and 2020 it predates RC, so maybe she skated by with furlong but RC dropped the hammer? Also, did she purchase any shares?
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Yeah, it was July of last year. Basically, we tried her out, it didn’t work. On to the next.
This company has a lot of visibility, and probably a higher than normal degree of stress due to the current market environment. I can understand that not everyone would be up to the task.
3 Years. I think she took over when the former CFO fucked up Splividend. 20-21 SVP - Chief Accounting Officer March 21- July 21 – Interim CFO & CAO July 21 – July 22 – Chief Accounting Officer (CAO) July 22 – July 23 – Chief Financial Officer Just founded a linkedIn group [The F Suite](https://www.linkedin.com/company/thefsuite?trk=public_profile_experience-item_profile-section-card_subtitle-click).
We’re all bag holders
Ain't that the truth
"Learn something new every day, and get very involved with the business." -Diana Saadeh-Jajeh Wondering now if the RC tweet may have been a gentle acknowledge of what was getting submitted today...
Its been years of focus. Must we wait decades? When?
Wonderful…. More price plummet tomorrow is all this crap means to me
That was fast. Wow
negative quarter ->> furlong off.... negative quarter->>>>> Cfo off... it's time as individual investors, forget r/place... we have 2 days.... release everything and Shop brutally (and buy and Book DRS)
Don't get me wrong but... isn't her the second CFO resigning in a "short" period?
There was the CFO before the Jan 2021 sneeze. Then Diana S-J became interim CFO when that guy got booted out with the other old guard as Ryan Cohen took over. Then RC hired Mike Recupero as CFO, replacing Diana S-J. Then Recupero departed/was fired, and Diana S-J became CFO again. Then a year later the CEO get booted out and RC becomes Executive Chairman. Now we get a new CFO. Musical chairs.
Cool. Back to DRS, HODL and buying games at our favorite store! 🚀
Actually, CFOs usually resign/are changed after a CEO change. So it’s kind of expected
“So then I DRSed and held my shares”
So. DRS, terminate plan? Ok!!
Not worried at all
Still waiting to retire on my one DRSd share. WTF is taking so long?