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Collins J. Okoth

GameStop sets $3.54B performance stock option deal for CEO Ryan Cohen tied to $100B target

On January 6, GameStop's board agreed to grant Chairman and CEO Ryan Cohen a performance-based stock option package valued at about $3.54 billion, which still requires shareholder approval. Cohen will only benefit if GameStop's market capitalization reaches $100 billion and the company delivers $10 billion in cumulative performance EBITDA, while he forgoes guaranteed salary and cash bonuses.
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