GameStop says CEO compensation package doesn’t include any guaranteed pay

GameStop announced a new, performance-based compensation plan for CEO Ryan Cohen. His entire compensation hinges on achieving substantial market and operational goals, with no guaranteed pay. The plan requires Cohen to significantly increase GameStop's market capitalization. The company aims for a market cap of $100 billion and $10 billion in cumulative performance EBITDA. This aligns Cohen's incentives directly with long-term value creation for shareholders. The structure resembles Elon Musk's Tesla pay package, focusing on at-risk compensation. Cohen's package includes stock options to buy over 171.5 million shares at $20.66 each. The new pay package needs shareholder approval at a meeting in March or April. GameStop shares saw a rise in value as a result of the announcement. The company's stock value has fluctuated since its meme stock surge. Keith Gill's return to social media also impacted GameStop.