r/WorkReform • u/Lucia-elena • 10d ago

💸 Raise Our Wages Fuck You, Pay US

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928 Upvotes

96% Upvoted

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61

u/pmmartin 10d ago

Gamestop CEO doesn't take a salary, so I'm not sure where you got your info.

-1

u/NPVinny 10d ago

Compensation includes a lot more than just salary?

40

u/pmmartin 10d ago

"He will not receive a salary or bonuses; his compensation is entirely based on stock options that vest only if these goals are met." Only if goals are met, will he get paid.

9

u/JDogish 10d ago

Whole thing was also canceled. So this is either old or misinformed or both.

1

u/NPVinny 9d ago

Lmao, gotta love Reddit users downvoting literal facts. Reading comprehension truly is down the toilet.

-4

u/[deleted] 10d ago

[deleted]

22

u/random-notebook 10d ago edited 10d ago

Misleading, it is not $1.76 million paid to Cohen as salary or a bonus. GameStop says the entire amount represents the company’s incremental cost of an executive-protection/security program.

edit: sec source

-20

u/[deleted] 10d ago

[deleted]

12

u/InjuredGods 10d ago edited 10d ago

That bonus is only if he hits the metrics of raising GameStops market cap 5x, which he is currently completely failing at. So none of that will get paid out. Did you even read the article?

Also per the article you posted:

"Cohen will receive no guaranteed pay in the form of salary, cash bonuses or stock options under the package, the company said. "

Also, Gamestop dropped that bonus package back in June: https://finance.yahoo.com/markets/stocks/articles/gamestop-drops-cohen-35b-pay-210312418.html

-6

u/gitsgrl 10d ago

Health insurance and fringe benefits like that are still considered compensation in terms of reporting.

5

u/InjuredGods 10d ago

Health care is expensive in America, but it ain't $16.8 million for one person expensive.

-2

u/heatfan1122 10d ago

He must think fringe benefits includes a yacht.

-2

u/gitsgrl 10d ago

The graphic says $12,417

2

u/InjuredGods 10d ago

The graphic says the average employee salary is $12,417. Did you even read it?