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0 -0.00117757889778608 -0.000471031559114367 -0.00104097974564287 0.0110692416391898 0.00282618935468687 0.00282618935468687 0.00282618935468687
Stock impact report

GameStop CEO Ryan Cohen could be set for a $35 billion payday – with one big caveat [CNN]

GameStop Corporation (GME) 
Last gamestop corporation earnings: 3/26 04:06 pm Check Earnings Report
Company Research Source: CNN
Cohen could receive a pay package worth $35 billion in performance-based stock options, the company's board announced on Wednesday. The award is “designed to incentivize Mr. Cohen to achieve extraordinary growth,” meaning he only gets the package if GameStop's market cap hits $100 billion (about ten times its current value) and its cumulative earnings — before interest, taxes, depreciation and amortization — reach $10 billion. Cohen gets “no guaranteed pay—no salary, no cash bonuses, and no stock that vests simply over time. Instead, his compensation is entirely ‘at-risk,' meaning he will only be paid if the Company achieves significant market and operational goals,” according to an SEC filing on Wednesday. The plan “ensures that Mr. Cohen's incentives are directly aligned with creating long-term value for GameStop's stockholders,” according to the filing. It's a structure that echoes Elon Musk's enormous plan at Tesla. GameStop has been through a wild ride since Cohen became C Show less Read more
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