BREAKINGVIEWS-Let GameStop CEO's Musk-like payday end the meme
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GameStop has granted CEO Ryan Cohen a performance-based stock option that could yield him a $24 billion payout if the company's EBITDA and market cap reach specified targets. This compensation structure mirrors that of Elon Musk at Tesla, raising concerns about the implications of such arrangements in the industry. The stock options will unlock in nine tranches, contingent on the market cap increasing by $10 billion increments and EBITDA rising by $1 billion steps, up to a maximum of $100 billion and $10 billion, respectively.
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