There is no fucking way this guy can do anything with GameStop that is (truly) valuable enough to justify a $35 BILLION pay.
EDIT: guys …this is just a ploy to pump the existing shares he ALREADY owns.
GreatGojira on
Is GameStop even relevant anymore?
npsage on
“GameStop CEO places large bet that US government will not interfere with the growing trend of what is effectively legalized and underaged gambling that has grown out of the “collectibles market.”
Look I’m not going to claim that most* manufacturers sealed TCG booster packs are gambling. You buy a pack expecting X pieces are cardboard. You get X pieces cardboard.
I’m not even going to claim that digital loot boxes are gambling even though it’s a lot more ethically sketchy.
What absolutely is gambling is the whole “Buy a “Blind-Box Graded-Collectable” for $25/$100/$500/$1000 that THEY CONTROL THE PULL RATES ON and after you see what you got they offer an immediate buy back of XX% of “market rate”.
Worst case scenario; you pull junk and then sell it back at a Major/minor loss to buy your next pack meanwhile they just proceed to unload it off on it next sucker who buys a blind-box at even more profit.
Best case is you happen get a card worth more than what you paid ;you post online “Look what I got! I made so much money!” and you lure in other suckers who hope to strike it big.
They control the buy price (initial wager).
They control what you have the chance of pulling (the odds). They control the buy-back process (the payout).
It’s literally just a slot machine with a marginally extra steps.
[deleted] on
[deleted]
celtic1888 on
Seems completely and utterly reasonable
We are definitely in the bad place now
Edit: So many simps…so many simps
pmmeyourfannie on
Trash people
Nomski88 on
They got a free meme bailout and now they think they can run a real company lmao
mangamario on
Are redditors still the majority shareholders?
CokBlockinWinger on
This week, 4 GameStop’s around me closed, (I just left one where they let me take home an enormous Metroid Prime 4 display because “fuck it” they said). Part of this has to be shuttering as many brick and mortars as they can and still be relevant.
Granted, having 5 stores close enough to drive to reasonably is overkill, but that takeover of the market is why all of the mom and pops left. Now we have just one dying store which is 75% merchandise.
thomasaquina on
What a wildly disingenuous headline. Contingent on him growing the company literally, not figuratively, 1000%. Zero compensation, if the business doesn’t improve at all.
Lie-Straight on
Increasing the value of the company by 10x is an impossible achievement. If he can get that done he deserves $35B
FeaturingYourMom on
Wow so many stock market experts in the technology sub who also keep track of the exact # of GameStop shops near them and which ones are closing hahahaha
LlaToTheMa on
Read the article yall …
Current-Set2607 on
lol did a toddler write this?
The company would have to be worth 1000% more for the Performance Package to be valued at $35b, it’s currently valued at $3.5b.
Taxing on
Not sure if anyone reads the article or takes the time to review how the comp plan works.
He receives no salary, bonuses, or guaranteed compensation. He does receive stock options at the current share price that vest if he can achieve lofty performance goals, namely see the market cap of the company increase from sub $10bn to $100bn and achieve $10bn annual ebitda.
It’s more along the lines of, if I pay you $1 for every $10 you bring me, then I hope I end up paying you $1m.
Ok-Seaworthiness7207 on
Ahhhh so it begins
guaztronaut on
As they’re about to close most of the stores in my area right outside Chicago.
KAugsburger on
>For the award to fully vest, GameStop’s market capitalization must climb to $100 billion, up from its current $9.26 billion, and the company must deliver $10 billion in cumulative performance EBITDA. The options would be worth about $35 billion, excluding exercise costs, if the targets are met.
I would be really surprised if that happens. The story says that it would be split into 9 different tranches so there are obviously a bunch of other thresholds where he would get some options. It is unclear how generous his compensation would be in the likely scenario of more modest growth.
wouldntyouliketokno_ on
Here’s your guidance going forward. With the insane retail investor group backing and meme stock target something crazy will happen.
myychair on
WSB should have let them go out of business. The only reason they still exist is because they made money on being a meme stock but I guess the CEO deserves a massive reward for that
HeavilyInvestedDonut on
Is superstonk creaming themselves over this yet?
PubG4YouAndMe on
Awful lot of uninformed people in this thread. They arent just giving him $35 billion lmao
BigMax on
It’s not a 35 billion payday. It’s more:
“IF he spends $3.5 billion himself to first buy the options he has, and then IF the the stock goes up 1000% percent (yes, not 100, it’s 1,000), then he will have 35 billion.”
If he can take gamestop, and make the stock go up 1,000%, then maybe he deserves that money?
(I mean, NO ONE does *anything* that deserves that much money really, but if we accept we’re in a world of billionaires, then… someone boosting gamestop 1000% would certainly deserve to be one of them.)
Zxynwin on
Didn’t they just close a ton of stores?
tm3_to_ev6 on
They’re not literally depositing $35B into his bank account. This is just the value of shares he would be rewarded with *if* the stock price reaches a lofty goal. There’s every chance that the stock doesn’t reach that target and he gets nothing.
It doesn’t mean CEOs aren’t overpaid and under-taxed but it’s nowhere near as egregious as the headline suggests.
jrWhat on
When’s the MOASS hahahahahahahahahahah
Btriquetra0301 on
Holy cow! It says he doesn’t get any of it unless Gamestop trades of $200/share!!! So everyone here is taking that seriously?…. I just went and looked at their outstanding debt and cash on hand and was honestly surprised. Gamestop has been extremely profitable for over a year and amassed $8.5 billion dollars in cash… Interesting.
Largewhitebutt on
We should’ve just let gamestonks die..
Deep_Fried_Bussy on
Sorry GME bagholders, your stock is becoming worthless everyday
thisshouldbetheshow on
I just want cereal to not be $9
petes117 on
Meanwhile EB Games (which is owned by GameStop) is planning to close their entire operation of 38 stores in New Zealand
Swiv on
If I went in to a company as a CEO and did a good job and they unveiled just a 1 billion dollar pay plan, I’d feel like I was robbing the company and its employees. Hell even 10 or 15 million and I’d feel that way. These people are ill.
JefferyTheQuaxly on
$35 billion is more than i would expect gamestop to be worth. their 2024 revenue was $3.82 billion, with a net profit of literally just $10 million. gamestops current stock price is $9.55 billion. this is actually crazy.
aninjacould on
This is a publicity stunt. They are trying to meme-ify the GameStop stock more than it already is.
Krazyflipz on
This the same exact play book as Toy R Us. It’s by design to make the company fail.
Nicaddicted on
Stealing Elon musks playbook
friday567 on
Oh thats why the one near me is closing suddenly gave a 7 days heads up.
RocketLabBeatsSpaceX on
What? 35 Billion? With a B? These CEO packages are so detached from reality. Interesting times we’re in with the democratization of trading brought to all by Robinhood. Now the dumbest of the dumb can toss all their money easily into whatever Joe on the bus told them about.
Valuations are detached from reality and it’s certainly something to witness. lol
38 Comments
There is no fucking way this guy can do anything with GameStop that is (truly) valuable enough to justify a $35 BILLION pay.
EDIT: guys …this is just a ploy to pump the existing shares he ALREADY owns.
Is GameStop even relevant anymore?
“GameStop CEO places large bet that US government will not interfere with the growing trend of what is effectively legalized and underaged gambling that has grown out of the “collectibles market.”
Look I’m not going to claim that most* manufacturers sealed TCG booster packs are gambling. You buy a pack expecting X pieces are cardboard. You get X pieces cardboard.
I’m not even going to claim that digital loot boxes are gambling even though it’s a lot more ethically sketchy.
What absolutely is gambling is the whole “Buy a “Blind-Box Graded-Collectable” for $25/$100/$500/$1000 that THEY CONTROL THE PULL RATES ON and after you see what you got they offer an immediate buy back of XX% of “market rate”.
Worst case scenario; you pull junk and then sell it back at a Major/minor loss to buy your next pack meanwhile they just proceed to unload it off on it next sucker who buys a blind-box at even more profit.
Best case is you happen get a card worth more than what you paid ;you post online “Look what I got! I made so much money!” and you lure in other suckers who hope to strike it big.
They control the buy price (initial wager).
They control what you have the chance of pulling (the odds). They control the buy-back process (the payout).
It’s literally just a slot machine with a marginally extra steps.
[deleted]
Seems completely and utterly reasonable
We are definitely in the bad place now
Edit: So many simps…so many simps
Trash people
They got a free meme bailout and now they think they can run a real company lmao
Are redditors still the majority shareholders?
This week, 4 GameStop’s around me closed, (I just left one where they let me take home an enormous Metroid Prime 4 display because “fuck it” they said). Part of this has to be shuttering as many brick and mortars as they can and still be relevant.
Granted, having 5 stores close enough to drive to reasonably is overkill, but that takeover of the market is why all of the mom and pops left. Now we have just one dying store which is 75% merchandise.
What a wildly disingenuous headline. Contingent on him growing the company literally, not figuratively, 1000%. Zero compensation, if the business doesn’t improve at all.
Increasing the value of the company by 10x is an impossible achievement. If he can get that done he deserves $35B
Wow so many stock market experts in the technology sub who also keep track of the exact # of GameStop shops near them and which ones are closing hahahaha
Read the article yall …
lol did a toddler write this?
The company would have to be worth 1000% more for the Performance Package to be valued at $35b, it’s currently valued at $3.5b.
Not sure if anyone reads the article or takes the time to review how the comp plan works.
He receives no salary, bonuses, or guaranteed compensation. He does receive stock options at the current share price that vest if he can achieve lofty performance goals, namely see the market cap of the company increase from sub $10bn to $100bn and achieve $10bn annual ebitda.
It’s more along the lines of, if I pay you $1 for every $10 you bring me, then I hope I end up paying you $1m.
Ahhhh so it begins
As they’re about to close most of the stores in my area right outside Chicago.
>For the award to fully vest, GameStop’s market capitalization must climb to $100 billion, up from its current $9.26 billion, and the company must deliver $10 billion in cumulative performance EBITDA. The options would be worth about $35 billion, excluding exercise costs, if the targets are met.
I would be really surprised if that happens. The story says that it would be split into 9 different tranches so there are obviously a bunch of other thresholds where he would get some options. It is unclear how generous his compensation would be in the likely scenario of more modest growth.
Here’s your guidance going forward. With the insane retail investor group backing and meme stock target something crazy will happen.
WSB should have let them go out of business. The only reason they still exist is because they made money on being a meme stock but I guess the CEO deserves a massive reward for that
Is superstonk creaming themselves over this yet?
Awful lot of uninformed people in this thread. They arent just giving him $35 billion lmao
It’s not a 35 billion payday. It’s more:
“IF he spends $3.5 billion himself to first buy the options he has, and then IF the the stock goes up 1000% percent (yes, not 100, it’s 1,000), then he will have 35 billion.”
If he can take gamestop, and make the stock go up 1,000%, then maybe he deserves that money?
(I mean, NO ONE does *anything* that deserves that much money really, but if we accept we’re in a world of billionaires, then… someone boosting gamestop 1000% would certainly deserve to be one of them.)
Didn’t they just close a ton of stores?
They’re not literally depositing $35B into his bank account. This is just the value of shares he would be rewarded with *if* the stock price reaches a lofty goal. There’s every chance that the stock doesn’t reach that target and he gets nothing.
It doesn’t mean CEOs aren’t overpaid and under-taxed but it’s nowhere near as egregious as the headline suggests.
When’s the MOASS hahahahahahahahahahah
Holy cow! It says he doesn’t get any of it unless Gamestop trades of $200/share!!! So everyone here is taking that seriously?…. I just went and looked at their outstanding debt and cash on hand and was honestly surprised. Gamestop has been extremely profitable for over a year and amassed $8.5 billion dollars in cash… Interesting.
We should’ve just let gamestonks die..
Sorry GME bagholders, your stock is becoming worthless everyday
I just want cereal to not be $9
Meanwhile EB Games (which is owned by GameStop) is planning to close their entire operation of 38 stores in New Zealand
If I went in to a company as a CEO and did a good job and they unveiled just a 1 billion dollar pay plan, I’d feel like I was robbing the company and its employees. Hell even 10 or 15 million and I’d feel that way. These people are ill.
$35 billion is more than i would expect gamestop to be worth. their 2024 revenue was $3.82 billion, with a net profit of literally just $10 million. gamestops current stock price is $9.55 billion. this is actually crazy.
This is a publicity stunt. They are trying to meme-ify the GameStop stock more than it already is.
This the same exact play book as Toy R Us. It’s by design to make the company fail.
Stealing Elon musks playbook
Oh thats why the one near me is closing suddenly gave a 7 days heads up.
What? 35 Billion? With a B? These CEO packages are so detached from reality. Interesting times we’re in with the democratization of trading brought to all by Robinhood. Now the dumbest of the dumb can toss all their money easily into whatever Joe on the bus told them about.
Valuations are detached from reality and it’s certainly something to witness. lol