Scott Olson
GameStop (NYSE:GME) Ryan Cohen came out firing during a short appearance at the company’s annual shareholder meeting on Thursday.
Cohen criticized against management that pandered to Wall Street and did not buy shares in the company they represent.
Without naming names, Cohen condemned overpaid executives and serial delegators, who in his terms merely rest and vest in their role.
“I like people who roll up their sleeves and do real work,” stated Cohen during the remarks that clocked in at under one minute. Apart from the shots at management, Cohen also reiterated that he is trying to turn around the videogame retailer.
Ryan Cohen is the largest shareholder in GameStop (GME) with a 12.1% stake and recently bought another $10M worth of stock.
Short interest on GME is still over 20% of total float. The stock has moved back above its 200-day moving average with its recent rally, although it was down 3.66% in early afternoon trading on Thursday.
