
GameStop shares surged over 6% following the announcement of a performance-based compensation plan for CEO Ryan Cohen. The plan, valued at approximately $35 billion, ties Cohen's pay to ambitious targets, including growing the company's market capitalization to $100 billion and achieving $10 billion in cumulative performance EBITDA. This structure, consisting solely of stock options, aims to incentivize a significant turnaround for the retailer, which has faced declining revenues and a market valuation far below its 2021 peak.
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