![]() That includes ensuring their interests are heard and respected.įor example: gorillas. There are ways that management can “try and persuade” the shareholders about a strategy, but Aron made it apparent that he believes they’ll work together to ensure AMC’s success continues. “The owners of the business - because management works for the owners.” ![]() “If management thinks something and the owners of our business think something else, in the free market system, guess who wins? Guess who always wins?” Aron said. ![]() Here’s how one analyst poised that exact question to AMC’s top executive team: “If management thinks that increasing the share authorization is the best move for the company but the new shareholders don't, then what is the way forward from there?” Aron, as is standard for the chief executive, didn’t mince words. While AMC is starting to come out of its worst period, the company is also entering a new, completely unfamiliar world. How does the shift in power affect business decisions that AMC makes, for example? “You're going to see a lot more outreach to literally millions of investors in our company, and it's going to be quite public,” Aron said, adding that he’s “started tweeting again.”įor analysts and non-retail investors, Aron’s love for a relatively new base of shareholders may be concerning. Or, to put it another way, a large percentage of AMC’s owners live on the internet, so that’s where he’ll be, too. “Just go on Twitter, just go on Reddit, just go on YouTube,” Aron said. Instead, Aron is touting websites like Reddit and YouTube as the best way to reach their new shareholder base. No longer will Aron prioritize CNBC spots, which are difficult to attain in general. This will change how AMC interacts with new management, as Aron put it. On the company’s recent earnings call, CEO Adam Aron acknowledged that AMC now has “an army of passionate, interested individual shareholders, some three million strong,” adding that at last count it was closer to 3.2 million. What’s adamantly clear, however, is both GameStop and AMC have a new army of bosses (shareholders) they have to please. The effect of this dash, currently being investigated by the Securities and Exchange Commission (SEC), is still uncertain. ![]()
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