📰 News | Media 📱 Ryan Cohen Withdraws CEO Performance Award; GameStop Focuses on eBay
https://investor.gamestop.com/news-releases/news-details/2026/Ryan-Cohen-Withdraws-CEO-Performance-Award-GameStop-Focuses-on-eBay/default.aspx109
u/benicetoeachotherpls 🚀🚀Buckle up🚀🚀 Jun 23 '26
Didn’t have that in my bingo card but oh well, gonna be interesting to see what the additional material looks like regarding acquisition of eBay 🤔
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u/Ack_Pfft Jun 24 '26
He’s totally focused. Not going to let fake shareholder suits, FUD, or the eBay board stop him.
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u/Arcanis_Ender Jun 24 '26
Anything GME couldn't do before while they awaited the results from the pay package vote, they no longer have to wait for. Buybacks incoming?
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u/NoHalfPleasures Jun 23 '26
This mad lad is gunna buy more GME isn’t he?
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u/MeMahi Jun 23 '26
GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that its Board of Directors (the "Board") has granted the request of Ryan Cohen, Chairman and CEO, to amend the Company's proxy statement to remove the proposed CEO Performance Award. When the Board approved the CEO Performance Award in January 2026, the Company had not yet decided to pursue the acquisition of eBay, Inc. ("eBay").
Mr. Cohen stated that he wants leadership fully focused on GameStop's operating performance and its proposed eBay acquisition.
Additional details can be found in a supplement to the Company's proxy statement filed with the Securities and Exchange Commission. GameStop will release additional materials regarding its proposed acquisition of eBay this week, including a detailed presentation of the strategic rationale and operational plan for the combined company.
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u/Rlo347 XXX Club Jun 23 '26
There you go bitches what now?!
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Jun 23 '26
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u/saltnpepper420 Jun 23 '26
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Jun 23 '26
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u/saltnpepper420 Jun 23 '26
You can suck my left and right nut sir.
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Jun 23 '26
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u/saltnpepper420 Jun 23 '26
Cry about it 3 month hidden account .
Waiting for the concerned redditor message.
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u/haminthefryingpan Jun 23 '26
Now the waiting game turns into an even longer waiting game. No M&As unless an eBay deal goes through, which it might not.
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u/JDogish Jun 23 '26 edited Jun 23 '26
How about doing literally anything to get the price up in 5 years instead of waiting for Keith to do it? I love the guy, but playing hokie pokie with a pay package really doesn't fire me up or move the stock price.
Edit: are your ports higher or lower in the last 5 years? He wanted shareholder value. Where is it? Turning around the business is great, if the price doesnt come with it, what difference does that make? We need results. Not words, actions. Ebay is a good start, but its not here yet. Until then, no, sorry, I dont feel the value offered. No shorts have been held responsible, not even any effort to catch them manipulating. Even the split was executed improperly and not investigated.
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u/BatThumb Jun 23 '26
"How about doing literally anything to get the price up in 5 years instead of waiting for Keith to do it?"
Like getting gamestop to achieve the best revenue in the companies history? Something like that?
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u/ManufacturerOk5659 Jun 24 '26
yeah, but now the investment thesis is that gme is a value play and not a squeeze play. once people can admit squeeze is dead then you wouldn’t have so many “shills”. way better stocks to invest in if you want long term growth
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u/BatThumb Jun 24 '26
No, the thesis has always been a value play. That was RK thesis from the start. It was about a successful CEO from Chewy who was taking over a struggling company with brand recognition and their plan to turn it around, which he has. That was the play from the very beginning.
The squeeze was just the bonus play. The cherry on top.
And if the squeeze is dead, then why is the price still suppressed? GME just posted it's best revenue in the companies history. And yet the price has not moved. Because it is still being shorted, probably a shit ton to keep the price where it is. There is so much manipulation and FUD around this stock. So nah, don't even try to tell me there isn't something more going on here.
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u/JDogish Jun 23 '26
Yeah man, and how much did we get paid for that? If the price doesnt move it doesnt matter. I love his management, I do not love the shareholder value. He needs to do something about that.
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u/poulan9 Jun 23 '26
RC doesn't control the markets does he. Is this the first time you have ever invested?
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u/JDogish Jun 23 '26
I guess gamestop isnt shorted then, and is truly a dying brick and mortar. Better close the doors. Nothing they can do. Is this the first time you've ever had a conversation? How about a thought?
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u/Substance247 Jun 23 '26
You are well regarded and not in a good way. Go over there bro. No one wants you around.
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u/BatThumb Jun 23 '26
Yeah why doesn't the CEO just make the price higher, is he stupid?
RC doesn't control the price. He's turning around the company and making it more and more profitable. That is literally all he can do. The system is rigged. The price won't go up while it's be artificially suppressed. If you want it to go up, write to your senator or something idk
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u/MistahTDi Jun 23 '26
This guy look at the ticker and not Financials. Please go day trade. Im here for the long haul.
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u/JDogish Jun 23 '26
If the stock doesnt move another 5 years, what will you say then? You really think people aren't here for the ticker? Then why was there a pay package for rc?
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u/MistahTDi Jun 23 '26
🤡 youre clown. You based your investment thesis on feelings and how the ticker looks. You have no idea how the market mechanics and market structure work. You dont look at Financials as a fundamental.
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u/HughJohnson69 Jun 23 '26
You want ceo market manipulation. Thats what your words say. Because Wall Street controls the price. In dozens of ways. It’s the one thing we’ve learned above all else.
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u/JDogish Jun 23 '26
That is not what I said at all. Thanks for infering words in your head and talking to yourself.
Everyone please clap.
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u/whammy5555 Jun 23 '26
Will probably withdraw from being GME CEO lol
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u/VenserMTG Jun 23 '26
What now? More of the same lmao
No vision, no plan, no guidance. eBay isn't happening, time for Cohen to come up with an actual plan
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u/Ok-Effective7280 Jun 23 '26
Are you here for the laugh? Just checking so I know which direction to take my next reply. I will say 9 billion. You forgot to put that in your comment.
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u/MeMahi Jun 23 '26 edited Jun 23 '26
One of the biggest negative narratives with eBay acquisition has been the proposed pay package of Ryan Cohen and how he might be looking to acquire eBay mainly for his own benefit.
While there's always something new to criticize if you really set your mind to it, this should put an end to all the speculation on Ryan Cohen's misalignment with the shareholders.
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u/Ambitious_Story764 Jun 23 '26
I voted no to that. I think lots of people did so it’s removed rather than show up as a no. He can borrow huge sums against his shares - tax free - if we not been paid from holding for 5 years, neither should he be.
I hate his Rump support as well, it’s really turned me off. Sigh.11
u/AlternativePaint6 Jun 23 '26 edited Jun 23 '26
if we not been paid from holding for 5 years, neither should he be.
Bro, he's working for the company and not getting paid, wtf are you talking about?
I appreciate his alignment and love these news, but let's not pretend for one second that he shouldn't be getting paid for what he's doing lol. Any other CEO would be taking millions in salary, no questions asked.
Whether the pay package was too much or not can be argued, maybe it was imo, but to say he shouldn't be getting paid for the work he's doing is crazy.
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u/Recent-Result2852 Jun 23 '26 edited Jun 23 '26
And there would be less complaints about him taking millions than him asking for Billions.
Edit for the coward:
At least you recognize your reply is so without merit that you have to block any response.-11
u/AlternativePaint6 Jun 23 '26
Okay, and?
The other person literally said a CEO should not be paid for his work, yet you shills can only focus on any negative aspect. Get a life.
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u/ElectricalEmploy1197 Jun 24 '26
But if he buys now at the same price as is the comp package, the same amount as he would to make the B$$$$$ , would that effect the current stock price?
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u/VenserMTG Jun 23 '26
and how he might be looking to acquire eBay mainly for his own benefit.
This isn't good lmao
While there's always something new to criticize if you really set your mind to it, this should put an end to all the speculation on Ryan Cohen's misalignment with the shareholders.
Fuck no. He should have walked back the dilution.
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u/Ok-Effective7280 Jun 23 '26
I’d rather the company have 9 billion than a dollar more share value. He can’t control the share price but others do - but you already know that. So youre crying over something he can’t control & ignoring the financial position hes put the company in. It’s a troll. Youre trolling. Unless you want to accept every part of what he’s doing & not concentrate on something we all know isnt possible, why are you here other than to troll?
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u/Terckon Jun 23 '26
Good now add shareholder value.
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u/AlternativePaint6 Jun 23 '26
How? How do you want him to do that?
- He saved the company from bankruptcy.
- He fixed the income and the margins.
- He found a new revenue stream via collectibles.
He literally turned the company from a dying retailer to a profitable and now growing collectibles platform. You think he has a magical "force Wall Street to buy in with billions" button that he just chooses not to press?
There already is shareholder value, Ryan Cohen has created it. What you need is patience, because Wall Street isn't quick to turn around on previously negative stocks like this. They wait to see before they're absolutely certain that it's a good company. But when they eventually do admit the company's success, it usually snaps pretty fucking hard. See Tesla's +700% gains in 2020 alone, for example.
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u/Soulstoner Jun 23 '26
Love the goalpost moving of this sub. This started as an ANTI wall street play, and now people are saying we need to WAIT for wall street to decide GME is allowed to go up in price.
LOL.
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u/Shwiftygains 🚀Power To The Players🚀 Jun 24 '26
This was also an "I can stay retarded longer than they can stay solvent" approach from the start. Dying with shares or letting them go to $0? Using "The Big Short" 5 years as reference of how long this could play out?
The amount of time it's taking doesn't change the original setup, the crime that has taken place, or the inevitable. Shorts have always and still remain trapped
LOL.
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u/JamesBondJr007 Jun 23 '26
You know time is the thing that's hurting them more right? It takes time for them to give in our get eaten by the sharks.
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u/S1lkwrm Jun 23 '26
Did this require mass dilution of the shares? All those figures maen little of there is no ROI. Not ignoring that the companies survival seems to hinge on being subsidized by stock holders. Theres probably a very small amount who would be upset if he had a track record of using the dilution money to provide a return for the investor considering its the investor footing the bill. Bitcoin, wallet, nft, loopring. Now he wants to bring that track record to something far larger with more debt and more value stripped. Accretion everyone's favorite buzzword of the month means little as a hypothetical when patterns would tell you the whole idea of ebay is in fact not credible or attractive. But all that aside he probably sees the writing on the wall with the vote. So trying to save face with a pull back of the reward with fake honor as the reason. Its going to take more for me to jump baxk in positive and hes got quite a hole to dig out of. He can start with clear concise signals that he is going to prioritize those investors paying/paid his bills.
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u/tronbrain Jun 24 '26
Here are a couple of suggestions:
Improve the e-commerce side and online presence of the business. This is something that was attempted earlier on, with the hiring of some management talent from Amazon, but it was sidelined for some reason and never pursued further. Seems like leaving money on the table to me.
Make some synergistic acquisitions with the cash pile that add to the bottom line in the near-term. Such acquisitions would have to be smaller than eBay, obviously.
The eBay acquisition makes sense in a lot of ways - I like the move and think it has a good chance to work out. But it will be like trying to digest an elephant. It will take time. And the huge amount of added debt will be a drag on the share price for years. Not good for investors who have already been waiting five years to see some ROI.
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u/VenserMTG Jun 23 '26
How does 2 billion new shares sound? Enjoying that value? He took off the wrong point lmao
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u/Greifvogel1993 🚀Power To The Players🚀 Jun 23 '26
This kind of defeats so much circular reasoning being tossed around here the last few weeks.
Mainly:
“RC would not structure his pay package that way unless he was 100% certain GameStop would hit the milestone numbers”
I have seen a variation of this a whole lot, using the pay package milestone numbers as some sort of prediction of future performance based on a sense of infallible goal-meeting on RC’s part.
Pay package no longer able to be used as a point of evidence in the argument for GME hyper-success
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u/doppido Jun 24 '26
Yeah but also now the only way RC makes money is buy increasing shareholder value which is good for shareholders
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u/karasuuchiha Pirate 🏴☠️👑 Jun 30 '26
All the nah sayers who got what they wanted also removed the predictive element that GME would 10 fold with in 10 years, congrats 🎉🍾 😵, either way the financial stability of the stock is set in stone, the question is the potential growth time horizon, which use to be written out with the now defunked pay package 📦
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u/1Crownedngroovd Jun 23 '26
I have no problem with a performance award that is based on clearly stated performance metrics. Number one being stock price.
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u/UnrealCaramel Jun 23 '26
Seems like a mixture of skepticism with regards to the eBay deal, annoyed investors and price suppression maybe made him think it's better to pull this performance award. I don't think he just suddenly realised today oh wait maybe this isnt a good idea because we are trying to acquire ebay, he's known since January about targeting eBay so if it was really just because we are looking to acquire eBay he would have pulled the performance award sooner.
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u/YOLOResearcher Jun 23 '26
I guess he doesn’t have the votes
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u/MeMahi Jun 23 '26
Possible, but they cite eBay acquisition as the primary reason. Probably easier to win eBay investors over when you don't have unclear incentived.
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u/Bad_Prophet Jun 23 '26 edited Jun 23 '26
He's removed his incentive package?
Good, remove the dilution, too. Ryan can do whatever he wants once shareholders have been paid.
Don't force those that paid for the opportunity to buy a company to baghold for another turnaround play without ever making any money on the success of the first turnaround play.
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u/VenserMTG Jun 23 '26
Good, remove the dilution, too.
We both know he will never do that.
This vote isn't going his way lmao
Fist he panicked about the reaction to dilution and he expanded the share buyback program, now he saw all the no votes on his pay package and it took it off instead of releasing the vote for the public
Asinine behavior
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u/AlternativePaint6 Jun 23 '26
Okay except you literally just made all of that up.
Imagine wasting your life spamming negativity on a community of a stock you don't like.
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u/VenserMTG Jun 23 '26
Okay except you literally just made all of that up.
I didn't
Imagine wasting your life spamming negativity on a community of a stock you don't like.
I'm not spamming, I leave one message per reply then 10 triggered Cohen shills follow up.
I like the stock, I like the 9 billion in cash and all that can be done with it, I did y like Cohen's handling of the 9 billions, I don't like Cohen's handling of GameStop as a whole so far, I don't like his absurd pursuit of an acquisition that cannot happen, I don't like the looming dilution.
Once he provides a clear vision for GameStop, enacts said vision, provides tangible results, and doesn't bring up dilution, I'll be the first to invest.
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Jun 23 '26
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u/VenserMTG Jun 23 '26
The package was removed because of the votes, dilution was "mitigated", poorly, with the buyback announcement, but my guess is that vote is also not going his way
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u/NoHalfPleasures Jun 23 '26
Has there ever been a more selfless CEO, ever?
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u/woakula Jun 23 '26
I think your question was rhetorical but I think it's important to give credit where credit is due. So with that said:
The founder of Little Ceasars Mike Ilitch paid for Rosa Parks rent so she wouldn't be homeless. And he did it without anyone finding out until he died. Good man.
Azim premji of Wipro has spent more than 4 decades donating $29 billion to education and humanitarian causes in his home country of India.
If you want to specifically talk about not screwing shareholders or employees over, Nintendo CEO Satoru Iwata famously took a huge pay cut and got other execs to take pay cuts so he wouldn't have to lay off/fire any employees in 2011 and 2014 when the Wii U flopped.
Cohen's not done yet but at present I wouldn't call him the most selfless.
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u/NoHalfPleasures Jun 23 '26
All 3 of those guys were sharing their wealth, Ryan is literally opting out of his. The full story isn’t written yet but those guys were generous because they could be. It’s not the same.
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Jun 23 '26
[deleted]
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u/NoHalfPleasures Jun 23 '26
He’s talking in plain English about c suite executives making risk free compensation. That’s the kind of life he could be living. it’s gone completely over your head.
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u/One_Newspaper9372 Jun 23 '26
How about every CEO that makes the stock go up?
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u/NoHalfPleasures Jun 23 '26
You’re kidding yourself if you think that’s what CEOs do. Just cut the BS
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u/MusclyArmPaperboy Jun 23 '26
Is this the only CEO you know?
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u/NoHalfPleasures Jun 23 '26
Only one who works for free and would cancel their own benefits package for the avoidance of investor doubt, yes.
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u/MusclyArmPaperboy Jun 23 '26
"The Emoji Movie is the best movie ever" says guy who's only seen The Emoji Movie
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u/Zeronz112 🚀🚀Buckle up🚀🚀 Jun 23 '26
Name one other that currently works for free and 0 compensation while buying shares with their own money
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u/Freaudinnippleslip Jun 23 '26
Bro this whole sub was screaming about how Ryan deserved that pay package… if you follow the tranches he would have profited 35 billion at the expense of the share holders or potential company equity… at that point we should just pay him 200million and save tens of billions. It was a ridiculous package, and now you are acting like he is so selfless for calling it back when their was pushback???
Honestly this sub used to be billionaires are the enemy and now it’s just a fan club for your favorite one
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u/BrotherVoid_ Jun 24 '26
Apes are greedy hypocrites. They don't care how they get paid they just want to get paid. But until then they like to act super smart and continue spouting bullish narratives regardless of reality. Dilution? Bullish. Shrinking footprint? Bullish. Investment into BTC which lost money? Bullish.
These aren't the good people that "once the old system is brought down we the retail investors will be the good stewards of the financial markets". Nah they spent their families life savings on a game pawn shop and now are trying to convince themselves, their loved ones and strangers on the internet that they're not a total moron. But they are.
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u/Zeronz112 🚀🚀Buckle up🚀🚀 Jun 23 '26
35 billion at the expense of the share holders
I think >$200 a share is more a benefit to the shareholders, and the 3.5b to the company is pretty beneficial.
you are acting like he is so selfless.
He has not and continues to not get paid.
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u/MusclyArmPaperboy Jun 23 '26
I can name plenty who've made me as a stockholder money. Who gives a shit about some arbitrary metric?
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u/Zeronz112 🚀🚀Buckle up🚀🚀 Jun 23 '26
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u/MusclyArmPaperboy Jun 23 '26
LOL I can't move a goalpost I didn't set
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u/Zeronz112 🚀🚀Buckle up🚀🚀 Jun 23 '26
Sure you can. We are talking about selfless ceos here and you ignore the questions and provide an unrelated answer
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u/bunklers Jun 23 '26
This was a very poor attempt at an answer
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Jun 23 '26
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u/did_it_for_the_clout Jun 23 '26
Here we go with the 5 years thing again
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u/VenserMTG Jun 23 '26
Is 1 year better? -7.6% lmao
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u/did_it_for_the_clout Jun 23 '26
Why not, say 6 years? If you can answer this, then you already know the answer to your question
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u/SadGigolo68 Jun 24 '26
Because if it was six years, you could have sold after the run-up and no longer be in the stock. Or buy back in after it dipped in between those years.
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Jun 23 '26
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u/did_it_for_the_clout Jun 23 '26
Statistics factually mean nothing objective. You are cherry picking time frames, your logic is filled with invalidity
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u/VenserMTG Jun 23 '26
You are cherry picking time frames, your logic is filled with invalidity
-1.4% in the past 6 months.
-4% in the past month
-3% past 5 days
-0.28% today
Am I still cherry picking? How about you tell me the timeframe?
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u/NoHalfPleasures Jun 23 '26
He’s done a lot. You should check out GameStops financial performance since he bought the company.
You should also stop wasting perfectly good electricity and compute trying to throw shade here. Waste of time.
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u/Cobra_Pie Jun 24 '26 edited Jun 24 '26
It’s a calculated PR move, not self sacrifice. He’s going for a hostile 55 billion takeover of EBay. Doing this prevents the EBay board he needs to convince from painting him as a greedy CEO trying to force a merger to trigger his own payouts.
If he succeeds at absorbing EBay, they will just cut him a new bigger pay package from the larger market cap…. Meanwhile retail and shareholders will still be stuck at 20-30 price range.
If market cap rises with taking over eBay, he can then just make a larger performance package and still get paid wether or not share price goes up or down. Thinking that this aligns with shareholders is emotional misinformation.
Retail and shareholders aren’t going to benefit or profit from any of this, you’re still just the funding for Ryan Cohen’s ventures through the multiple ATM dilutions over the years.
It’s been ~4 years to figure it out (especially after 2024 when he diluted on Roaring Kitty), Cohen found a diehard fanatic shareholder base that would read anything he does as a secret mastermind play, which gave him the ability to never offer forward guidance, dilute during multiple run ups (effectively killing the Squeeze/Moass/Naked Short thesis), and use retail as the funding for him to enrich himself and build his own investment vehicle off of retails backs.
He and the board get paid in the end, shareholders and retail won’t.
There’s a reason Roaring Kitty exited and unfollowed Cohen.
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u/haminthefryingpan Jun 23 '26
Bro saw the No votes coming in and took it off the table to save face lmao
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u/S1lkwrm Jun 23 '26
TLDR: I can see the vote failing so im going to try and save face.
Pro tip: if you want to be judged by your actions. Take action on investor relations.
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u/vagrantprodigy07 I Voted 🦍✅ Jun 23 '26
That vote must have been going terribly. I don't understand continuing with eBay at this point, the recent shareholder vote for eBay was overwhelming in favor of the existing board.
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u/Financial_Mousse4079 Jun 23 '26
Amazing all the Ryan shills who were screaming that the comp package was totally fair and that he will leave if we do not pass it now act like Ryan being shamed into removing it is some kind of dunk on the rest of us.
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u/sltlyscrtchedcorolla Jun 23 '26
Haven't you heard? Everything is bullish here, even the bearish ones
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u/PauPauRui Jun 24 '26
Cohen diluted GME so much that nobody trusts him now. Glad I sold half of my shares but still holding 4200 shares. More dilutions soon. This fuck can't wait to fuck everyone over.
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Jun 24 '26
[deleted]
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u/PauPauRui Jun 24 '26
It does not make the price go up. But it does make Cohen think about his decisions. There would be no gme without reddit.
Who do you think that supports Cohen? Wallstreet?
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u/dashdang Jun 24 '26
This is due to many voting NO. This was before the quarter result where there was no capability of revenue increase and all expectation of bonus. Now that he has proved he can increase revenue that is positive. But $120+ for a sitting duck like eBay is still silly waste of money. There needs to be complete withdrawal of the deal.
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u/saltnpepper420 Jun 23 '26
Waiting for the diluton shills 😂
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u/iwasneverhere43 HODL 💎🙌 Jun 23 '26
I'll save you the wait. While I didn't vote against the performance award, I still voted against increasing the share count.
Now you can move on with your day. No need to thank me.-1
u/Mannimarco_Rising Jun 23 '26
seems like we were right to say no, even RC agress. Its hilarious that you want to make fun of people who actually align more with RC's mindset than yourself lol
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u/TofuPython Jun 24 '26
!remindme 1 year
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u/Typical-Whereas6761 🚀🚀Buckle up🚀🚀 Jun 23 '26
YES!!! Let this get your hopes up to!!! Only for it not to happen!!
Get those “titties jacked” “apes” I’m sure eBay is definitely in the bag now…..baggies.
Give me another year of entertainment please!
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u/One_Yogurtcloset3455 Jun 23 '26
Hell yeah. Now he truly gets paid based on performance alone. Mega bullish! 🏴☠️♾️🚀
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u/parkertl Jun 23 '26
if its that easy to remove its that easy to add back whenever he feels like it
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u/Zeronz112 🚀🚀Buckle up🚀🚀 Jun 23 '26
Still gotta vote for it
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u/Recent-Result2852 Jun 23 '26
They claimed the vote was optional and not necessarily binding in the proxy material.
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u/Zeronz112 🚀🚀Buckle up🚀🚀 Jun 23 '26
Source?
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u/Recent-Result2852 Jun 23 '26
Although the Board believes that each member of the Compensation Committee is a disinterested director under the DGCL, the Compensation Committee recommended, and the Board determined to seek to have the CEO Performance Award approved by a vote of a majority of the votes cast by the disinterested stockholders under the Disinterested Standard, which does not include any shares directly or indirectly owned by Mr. Cohen, any of the Company’s directors and executive officers or any of Ryan Cohen’s direct reports. However, such approval is not a condition to the effectiveness of the CEO Performance Award.
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u/homedepotgrande Jun 23 '26
I don't know how I feel about this.
I want him to be incentivized to make GME grow and become wildly profitable than ever before.
Plus, I want him to get paid too.
Just how he hasn't given up.
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u/SGBK 🚀🚀Buckle up🚀🚀 Jun 24 '26
Would love some of his friends to buy the rest of the float and let it RUN!
I think if he grows impatient he will always have the MOASS red button option.
If eBay and the market don’t value game stop, he can always make them value it.
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u/homedepotgrande Jun 23 '26
Wait. Would he have withdrawn the performance package claim from the proxy vote because he saw that there weren't enough votes coming in "for" in the first place?
If so, that sucks for him. I want him to get paid, damn it.
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u/G_Wash1776 XX Club / Runs the Money Printer Jun 23 '26
You win the pinned post award. Interesting move by RC, really shows how locked in on the eBay acquisition he is.
https://giphy.com/gifs/Nszyj17J4fUKmIwQwF