Submitted by iTradeStualks t3_z05tem in wallstreetbets

To any lurking Apes: It should concern you how the Apes in this thread are yelling that i’m wrong, yet none of them are able to state how i’m wrong. Turns out your peers are pretty dumb.

The top upvoted comment trying to prove me wrong can be disproven by a ten second GOOGL - but you won’t do that. You’ll just upvote it and continue losing money on a shit investment rather than actually doing some DD for once.


Ryan Cohen as CEO and Chairman of the board of GameStop has what is known as a fiduciary duty to it's shareholders. This is a legal requirement inherent in most every board/executive position in any business. Business 101. In fact, shareholders can sue if they believe directors and officers are breaching their fiduciary duty.

In a nutshell, fiduciary duty is all about ensuring that board members never allow any outside interests or personal affiliations or allegiances to interfere with their responsibility to shareholders. Which of course means working towards a profit and value return to those shareholders.

It goes without saying that this means that the Chairman must defend the company from certain things, including even hostile take over. For example we've seen the "poison pill" discussed a lot this year - a nuclear option board members have actually considered using to protect shareholders.

Apes claim hedgies are attacking GameStop through naked shorts etc and that Ryan Cohen knows.

Therefore, Ryan Cohen is a hedgie.

Proof:

  1. ⁠Directors and officers of a corporation have the duty to stop interference from outside forces.

  2. ⁠If they do not, then they have breached their fiduciary duty.

  3. ⁠Hedgies are interfering with GameStop. A board has a fiduciary duty to take action to stop the interference.

  4. ⁠Ryan Cohen is the Chairman of the Board of GameStop.

  5. Therefore, Ryan Cohen has a duty to stop the hedgie interference.

  6. ⁠Speaking publicly about CRIME would not only help stop the interference, but also protect and inform shareholders.

  7. Therefore, not speaking publicly about CRIME is a breach of his fiduciary Duty to GameStop (this one's extra, not needed for the proof, but serves as an example)

  8. ⁠Ryan Cohen has not stopped hedgie interference.

  9. Therefore, Ryan Cohen has breached his fiduciary duty to GameStop Shareholders.

But why? There's only two explanations. 1) He just sucks at this. 2) He is working for the hedgies. Well, three explanations. It could be one of those two, or it could be that you're in a cult and everything you know is wrong.

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