Ryan Cohen just told his own board to take his pay package off the table. GameStop’s CEO and Chairman requested the withdrawal of a proposed Performance Award that could have been worth around $35 billion, choosing instead to keep the company’s attention squarely on its bid to acquire eBay.
The award that never was
GameStop first proposed the CEO Performance Award back in January 2026. It was designed as an entirely at-risk package, meaning Cohen would collect nothing unless he hit some genuinely aggressive milestones.
The targets included pushing GameStop’s market capitalization to $100 billion and generating $10 billion in cumulative EBITDA. The award required shareholder approval to take effect. Now it won’t get the chance to face that vote.
The eBay bid and its messy reception
