| ▲ | echelon 7 hours ago | |
Here's the biggest reason why - GameStop CEO Ryan Cohen gets a performance pay if the market cap goes up: > The total award consists of stock options to purchase 171,537,327 shares of the Company's Class A common stock at a price of $20.66 per share.
Swallowing a new company, even if it takes on debt, can bump this up.eBay market cap is $48B. https://investor.gamestop.com/news-releases/news-details/202... | ||
| ▲ | tomku 6 hours ago | parent | next [-] | |
There's a section of his pay package that says:
Matt Levine's recent opinion piece for Bloomberg ("GameStop Doesn’t Have Enough Stock", https://archive.ph/3h8wf) goes into a bit more detail about it, including why such an acquisition might still help him get there even if it doesn't instantly get him halfway. | ||
| ▲ | shimman 7 hours ago | parent | prev [-] | |
There's nothing in Ryan Cohen's career that instills confidence to me. He seems like another tech leader that just got lucky at selling their company (which was only unprofitable for the majority of its lifetime until very very recently) during an economic era that is unlikely to return in any of our lifetimes (or our children's lifetimes). | ||