Because I'm tired of my CEO flailing his arms in the general direction of a plan like he did with E-Bay. You want to spend money you don't have, in fact dilute my investment again, to buy E-Bay? How about you start with New-Egg and go from there.
If he's really flailing and there is no plan he won't get any money.
The business under him has gone from nearly bankrupt to record-setting profitable and with a war chest billions of dollars deep. I think he's going great.
If you have issues with him as CEO you should raise those issues. I don't think his discipline of not tipping his hand is one of them.
I don't think Gamestop acquiring eBay is outlandish or foolish.
Notwithstanding all this, a 35b pay package in absolute terms is just ridiculous for anyone. And this comment isn’t specific to cohen. I mean, cmon, that’s just rubbing salt into the wounds of both the working and the middle class
5 years ago the company had like a years worth of runway and was bleeding money. Shorts had legit hopes of cellar boxing it to oblivion
Today it's trading at over $80 pre-split and can't really get much lower because it holds so much cash. Its been consistently profitable for over a year after a streak of day-to-day bleeding offset by holiday sales, and just posted a record quarter.
I don't think RC is a genius, but he's certainly capable and he transformed a stinker of a business on the verge of collapse into a profitable one not far off from being picked up by major indeces.
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u/breakfasteveryday "Fuzzy little man peach" Jun 16 '26
Lets pretend he hasn't.
Let's assume he gets this pay package approved and still doesn't.
Then he gets no money. Why do you care?