GameStop starts 2026 by closing hundreds of stores as CEO gambles on $35B payday. As CEO Ryan Cohen is promised billions, GameStop employees claim they were barely given notice about closures.
https://www.polygon.com/gamestop-closing-stores-as-ceo-payday/
Posted by esporx
4 Comments
I’m shocked. Shocked!
Headline is click bait.
The CEO is not getting a 35 billion dollar payday.
Do better.
GME will never reach that market cap, so pointless payout.
I’ve always kinda felt Gamestop was mismanaged for a long time. Even when they were likely at their most profitable during the Xbox 360/PS3 era.
It just seems like a really shitty company to work for. I always remember when I would go into one as a customer they’d push already opened games as “new”, used games would often come with broken cases, and you could never go in and browse without some staff member being forced to pester you. The only thing they ever did well was midnight releases, which I will say was a highlight of gaming culture throughout the late 2000s and early-mid 2010s.
If not for the Gamestop short squeeze, they likely would not have survived Covid imho.