GameStop CEO Ryan Cohen Drops $35 Billion Pay Plan for eBay Acquisition Push
Updated
Updated · Bloomberg · Jun 23
GameStop CEO Ryan Cohen Drops $35 Billion Pay Plan for eBay Acquisition Push
2 articles · Updated · Bloomberg · Jun 23
Summary
$35 billion in potential compensation was withdrawn by Ryan Cohen, who said GameStop needs to stay fully focused on operating performance and its proposed acquisition of eBay.
GameStop said it will publish additional materials this week on the deal, including a detailed strategic rationale and an operating plan for the combined companies.
The move signals GameStop is trying to keep attention on execution and shareholder case-making as it advances the proposed eBay buyout.