investorsHD

inHD

Link copied

GameStop announces stock option award for CEO tied to $100 billion market-cap target.

companies :: 2026-01-07 :: source - reuters

By Reuters

(Corrects to remove value of potential pay package in paragraph 1)

(Reuters) - GameStop (GME) on Wednesday unveiled a ‌compensation package for CEO Ryan Cohen, hinging on a ‌turnaround that requires him to lift the struggling videogame retailer's market value more than tenfold and sharply boost profits.

Shares of ⁠the company rose ‌3.1% in premarket trading.

The company said Cohen will receive no guaranteed ‍pay in the form of salary, cash bonuses or stock options under the package, making ​his compensation entirely "at-risk" of achieving the ambitious ‌targets.

The award resembles the 10-year incentive plan approved for Elon Musk at Tesla, under which compensation was tied entirely to stock options that vest only if ambitious ⁠market capitalization and operating ​profit goals are achieved.

GameStop ​said Cohen's package consists of stock options to purchase more than 171.5 ‍million shares ⁠in GameStop at a price of $20.66 per share. The company now has ⁠a current market capitalization of $9.26 billion.

(Reporting by Deborah Sophia ‌in Bengaluru; Editing by Mrigank ‌Dhaniwala and Maju Samuel)


This week on Reuters

This week top market trends.

Recent global market news

investorsHD Media

Subscribe to our handles,follow the news 24/7

investorsHD & partners uses cookie to ensure your best user experience,by continue using investorsHD,we assume that you have agreed with our cookie terms & policy , to have more privacy experience,simply switch your browser to privacy mode, Learn about cookie

×