GameStop CEO Ryan Cohen's Compensation Tied to Ambitious Market Cap and Profit Targets
1 day agoBusiness
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3 SourcesMcKinney, Texas, United States
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GameStop CEO Ryan Cohen's Compensation Tied to Ambitious Market Cap and Profit Targets

GameStop has announced a performance-based compensation package for CEO Ryan Cohen, potentially worth up to $35 billion. This plan hinges on Cohen achieving ambitious targets, including increasing the company's market capitalization to $100 billion and boosting profits significantly. Cohen's compensation is entirely "at-risk," consisting of stock options with no guaranteed salary or bonuses. The company's current market cap is approximately $9.26 billion. The announcement led to a surge in GameStop's stock price in early trading.

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