Ryan Cohen pulls his GameStop pay plan as the eBay bid becomes an incentive test
The Chewy cofounder is trying to remove a clean objection from critics: that GameStop's takeover push could enrich him personally.
By Ryan Merket · Published
Primary source: Business Insider
Why it matters
Cohen removed the most visible personal-incentive conflict from GameStop's eBay campaign, but the deal still turns on financing, leverage, and whether eBay holders believe GameStop can operate a much larger marketplace.
Ryan Cohen (@ryancohen) asked GameStop to pull his proposed CEO Performance Award from the company's proxy statement on June 23rd, a governance retreat that removes an easy line of attack as eBay, the San Jose online marketplace, rebuffs his unsolicited takeover bid.…
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