00:00It's Benzinga, bringing Wall Street to Main Street.
00:03GameStop Corp. shares traded flat on Tuesday afternoon after the company announced a new
00:07performance-based compensation plan for CEO Ryan Cohen. The board granted Cohen stock options
00:13tied to performance milestones that could reach about $35 billion if GameStop achieves a $100
00:18billion market capitalization and $10 billion in cumulative EBITDA. Since Cohen joined the board,
00:25the company's market cap rose from $1.3 billion to $9.3 billion, an increase of around 600%.
00:32GameStop also shifted from a $381.3 million net loss in fiscal 2021 to net income of $421.8 million
00:41over the last four fiscal quarters. Shares remain below key moving averages and are down about 32.45%
00:49over the past year. Investors are looking ahead to earnings on March 24th.
00:53For all things money, visit Benzinga.com.
