GameStop unveils $35 billion pay plan for CEO Cohen tied to lofty targets

Core Viewpoint - GameStop has introduced a performance-based compensation package for CEO Ryan Cohen, which requires a significant increase in the company's market value and profits to be realized [1][2]. Group 1: Compensation Structure - Cohen's compensation package does not include guaranteed salary, cash bonuses, or stock options, making it entirely contingent on achieving ambitious targets [2]. - The structure of Cohen's compensation is similar to the 10-year incentive plan for Elon Musk at Tesla, where rewards are tied to specific market capitalization and operating profit goals [2]. Group 2: Stock Options Details - The compensation package includes stock options allowing Cohen to purchase over 171.5 million shares at a price of $20.66 per share [4]. - GameStop's current market capitalization stands at $9.26 billion, indicating the scale of the targets Cohen must meet [4].