GameStop unveils new CEO compensation package tied to performance targets, including $100 billion market cap and $10 billion in EBITDA. No guaranteed pay for CEO Ryan Cohen, only rewards for hitting goals. Similar to Elon Musk’s Tesla pay package. Shareholders to vote on package in special meeting.
Cohen’s package includes stock options for 171.5 million shares at $20.66 each. Market cap at $9.26 billion, stock up 4% to $21.49. Share price has fallen since “Roaring Kitty” sparked meme stock frenzy in 2021. Gill shows support for GameStop, driving stock above $120.
Read more at Yahoo Finance: GameStop details CEO’s compensation package which doesn’t include any guaranteed pay
