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“Thanks Mark, and hi everyone. I will speak briefly. My father always told me:
‘talk is cheap, actions speak louder than words.’ My responsibility is to make
sure GameStop is run by managers who treat company money like their own. In
corporate America, the people in charge, the professional directors and
management teams, are not aligned with shareholders. They are always the
recipients of stock grants, however they rarely purchase company shares with
their own savings. There is a big difference between risk-free compensation for
showing up, and putting a meaningful amount of your own money at risk. As a
result, money is wasted, work is relegated, and a lot of time is spent managing
to short expectations and pandering to Wall Street. I like people who roll up
their sleeves and do real work. People guided by principles. Not robots who seek
to rest and invest. In corporate America, there’s no shortage of overpaid
executives, bad capital allocation and chronic waste, and serial delegators.
Much of this behavior is both predictable and reprehensible. It is precisely
what creates opportunities. Thank you for being a shareholder.”
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