GameStop reports highest quarterly net income in company history of $389.6 million. Highest first quarter operating income in GameStop’s history of $143.3 million. Net sales grew 14% year-over-year, driven by collectibles. Cash, marketable securities, digital assets and related receivables, and collateral pledged for derivative asset of $9.7 billion.
https://t.co/BAu3T6V9w4
@Somas_21Mio@Cryptotea it’s only that simple without the derivatives that run the market now. Markets are no longer based on buyers vs sellers. the stock market hasn’t been that way for a looong time
Current $EBAY Board Chairman, Paul Pressler, has a recurring history for steering retail companies into disasters while he was at PE giant CD&R (Clayton, Dubilier & Rice).
His incompetence in 3 examples:
1. Before CD&R, Pressler was Gap CEO (2002-2007) and resigns in Jan 2007 after a full year sales in 2006 plunged 33%.
2. In 2012, CD&R bought David’s Bridal for $1.05 billion in a classic leveraged buyout (LBO), getting himself installed as chairman. He also stepped in as CEO in 2016. Buckling under heavy debt from the LBO and sales sagging, S&P/Moody's downgraded the debt of the company to junk status. He steps down as CEO in May 2018 yet stays on as chairman. David's Bridal files for bankruptcy Ch.11 in Nov 2018. And ch11 again in 2023.
3. Revlon files for bankruptcy in 2022 amid crushing debt load, when it reemerges in May 2023, Pressler is appointed to the new board of Revlon Holdings.
$EBAY is a household name and the 2nd largest retail e-commerce platform in America. Pressler is a seasoned CD&R executive that is brought in to destroy great American brands, he is clearly one of the worst executives. Vote him out during the $EBAY shareholder vote on June 17th.
I bought 1 share of $EBAY earlier this month.
That means I’ve bought more shares than the people running the company have in the last 5 years combined.
🤯
In light of $EBAY rejecting the $GME offer this morning against their fiduciary responsibilities, let's take a look at Paul S. Pressler, the board Chair, who is a shining example of what failing upwards looks like in corporate America.
He has been a director since 2015. Chairs the Corporate Governance & Nominating Committee. Has been Chairman of the Board since 2020.
He was present throughout the 2019 stalking crimes, and now sits as Chairman of the full board. In 2019, he chaired the Compensation Committee, making him central to one of the most controversial decisions in the company's history: a board meeting was convened specifically to consider whether to activate the clawback provision on Devin Wenig's exit package, and the board voted not to proceed. That package was worth approximately $57 million. During a September 2024 deposition in the civil litigation, eBay's Director Ethics Counsel testified under oath that Wenig's departure was a firing, not a resignation, and that it was directly related to the stalking scandal. Despite this, the board publicly framed the exit as a mutual decision for months, a characterization that governance critics argue constitutes a material misrepresentation to investors.
Pressler's committee also oversaw a quiet exit for former SVP Wendy Jones, who was interviewed by eBay's internal investigators on August 30 and September 6, 2019 in connection with the criminal conduct and was nonetheless allowed to remain employed through December 2020. Jones ultimately received compensation packages totaling over $11 million upon her eventual departure. Pressler became Chairman in May 2020, taking the seat from outgoing Chairman Thomas Tierney immediately after those decisions were made.
The board waited until February 26, 2026 to reform its committee charters governing risk, audit, governance, technology, and compensation. That restructuring happened one day after the Steiners' civil lawsuit settled with undisclosed terms. eBay had not restructured governance at any point after the crimes became public in 2020, after entering a federal deferred prosecution agreement admitting to six felony offenses in January 2024, or at any time while the civil trial was pending. Critics at the time noted that reforming governance while litigation was active could have made those drafts discoverable and usable as evidence by the plaintiffs' attorneys. Pressler, as Chairman, would have been the chief architect of that timing decision.
Currently, Pressler chairs the Corporate Governance and Nominating Committee, the same committee that oversees Aaron Johnson, eBay's Chief Ethics Officer. Johnson was copied on the August 2019 "Whatever. It. Takes." email from then-Communications Chief Steve Wymer before the crimes occurred. His promotion to lead company ethics, under Pressler's oversight, has drawn sustained criticism from governance observers.
Before joining eBay's board, Pressler served as President and CEO of Gap Inc. from 2002 to 2007. Former employees interviewed by BusinessWeek characterized his tenure as "total system failure." Gap recorded its third consecutive dismal holiday shopping season under his leadership, and the board moved to remove him in January 2007 after months of investor pressure and public calls for his ouster from Wall Street. Founder Don Fisher had publicly defended Pressler in the months before the termination, but the defense did not hold. The board's post-departure statement that it needed someone with "deep retail expertise" was widely read as a direct indictment of Pressler's qualifications for the role. His exit triggered immediate speculation about a sale of the company. He collected $14.5 million in severance.
Pressler served as Chairman of David's Bridal from 2012 to approximately 2018, during the period when the company was owned by private equity. By the time of his departure, David's Bridal carried approximately $760 million in debt. The company filed for Chapter 11 bankruptcy in November 2018 to restructure over $400 million of that obligation. It subsequently filed for bankruptcy a second time in April 2023, this time laying off more than 9,200 employees with no funds expected to be available to unsecured creditors. The structural financial condition of the company at the time of its first bankruptcy was built during Pressler's chairmanship.
As an eBay shareholder myself, I am calling for Paul Pressler to resign immediately. No golden parachute either.