GameStop (GME) has spent the last few years trying to prove it is more than the mall retailer people remember from the days of midnight game launches and stacks of used discs. Under CEO Ryan Cohen, the company has already slashed costs, closed stores, and leaned harder into collectibles. But now, Cohen appears ready to swing for the fences with an even bigger idea – bringing e-commerce veteran eBay (EBAY) into the fold.
Wall Street thought the proposal might quietly fade after eBay brushed it aside. Instead, Cohen is doubling down. In a move that raised eyebrows, he asked GameStop’s board to scrap his massive performance award, saying management’s eyes need to stay on the ball and remain focused on operations and the pursuit of eBay. The message was clear that this is not just another headline-grabbing stunt.
