“Extreme frugality is required. Every expense at the company must be scrutinised under a microscope and all waste eliminated. The company has no use for delegators and money wasters. I expect everyone to treat company money like their own and lead by example,” Cohen added. 📲 GameStop Worth USD 5 Billion Appoints Ryan Cohen as New CEO Who Will Not Receive Any Salary.
The gaming retailer stated Furlong's departure from the board "did not result from any disagreement with the Company on any matter relating to the Company's operations, policies or practices."
GameStop shares ended trading on Monday down 11% at $141.04, giving the company a market value of about $10 billion. The stock hit a record high of $483 in late January