The CEO of game retail giant GameStop angrily denounced DEI's flashy and unrealistic!
Ryan Cohen, CEO of GameStop, a retail giant in the gaming industry, spoke at the 2025 shareholders' meeting and angrily criticized the flashy DEI strategy of the American business community.
Cohen said that the first quarter of 2025 was GameStop's first profit since 2019, which is the result of cost reduction and efficiency improvement. At the same time, he also said that the company is currently focusing on expanding the trading card business.
He explained: "Nothing could have been possible without those who actually work - store employees and warehouse management teams. They are responsible for inventory, hard work, serving customers, handling trade-in, and keeping the business running properly. They don't waste time on Zoom meetings, nor on PPT, they stand hard and work hard every day and serve customers. They are the backbone of GameStop."
He then expressed dissatisfaction with the industry currently full of DEI culture: "In the American business community, executives are overpaid, diversified equality initiatives (DEIs), management that only caters to Wall Street's short-term expectations, and boards send stocks like candy to those who never really buy stocks - all of which are commonplace. But we don't operate this way. We treat shareholder capital as our own funds - because it is."
"We don't play tricks, don't play roadshows, don't flatter. We only focus on efficiency, and long-term consistent interests with our true owners, shareholders."