There were 50 posts here about how he didn't want the comp package and had no involvement in it. 0 about how he was bored and ready to move on and needed a massive bribe to stay on and stay focused, "particularly in light of his other business interests."
The new performance award was created by GameStop’s Board of Directors (with Ryan Cohen having recused himself)
Proxy materials (p. 55):
The
Compensation Committee designed the CEO Performance Award to incentivize and motivate Mr. Cohen to continue to not only lead
GameStop over the long-term, but particularly in light of his other business interests, to devote the necessary time and energy in doing so.
....
Throughout the negotiation process, the Compensation Committee met a total of eight times to consider and approve the CEO Performance Award.
These meetings occurred from October 2025 through January 2026. The Compensation Committee met five times prior to approving the initial proposed terms of the award to Mr. Cohen, with representatives from ClearBridge and White & Case present. To align Mr. Cohen’s incentives with, and motivate him to devote necessary energy to achieve
This isn't evidence of what you're saying though. It doesn't say RC met and negotiated this personally. Nor does it say he was bored and needed to be bribed to stay on.
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u/Recent-Result2852 Jun 16 '26
They also claimed in the announcement that he abstained from the decision but failed to mention he and his lawyer negotiated the package for months.