No. of Recommendations: 0
I wonder how brkb shareholders would vote if Buffett agreed to stay neutral? Would we vote to give the top execs double based on five-year stock price results or some other metrics? For American's snowed in an interesting read.
" Cohen assumed the top role in 2023, two years after becoming chairman. He first revealed an activist stake in GameStop in 2020.
The retailer earlier this month proposed a new pay package for Cohen, which includes options to buy 171.5 million shares at $20.66 apiece if GameStop hits a $100 billion market capitalization and other targets.
If the company fails to reach a market cap of $20 billion and $2 billion in cumulative earnings before interest, taxes, depreciation, and amortization, Cohen gets nothing. The proposal goes to a shareholder vote later this year. GameStop’s market value stood at $9.5 billion as of Wednesday.
Shares are trading below the highs they reached in 2021, at the height of the meme-stock craze that thrust GameStop into the public eye and propelled it away from bankruptcy.
The retailer’s core video-game business remains challenged, even as its profitability and cash position improve. Revenue has fallen sequentially for the past several quarters, ticking 4.5% lower in the three months ended Nov. 1."
https://www.barrons.com/articles/gamestop-ceo-ryan... 