GameStop says CEO compensation package doesn’t include any guaranteed pay
GameStop is providing details on a new compensation package for CEO Ryan Cohen that is dependent on him meeting certain “significant” performance targets.
The video game retailer said in a regulatory filing on Wednesday that Cohen would have to grow its market capitalization to $100 billion and it would need to hit $10 billion in cumulative performance EBITDA—or earnings before interest, taxes, depreciation, and amortization—for his award to fully vest.
GameStop said Cohen won’t receive any guaranteed pay...