GameStop's Ryan Cohen abandons $35 billion pay plan to double down on eBay bid

GameStop said it will release a detailed presentation of the strategic rationale and operational plan for a combined company this week

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GameStop $GME CEO Ryan Cohen has withdrawn a bonus plan that could have paid him as much as $35 billion, saying he wants the company's leadership to be focused on operating performance and its proposed acquisition of eBay, the company said Tuesday.

GameStop added that it will release additional materials regarding its proposed eBay buyout this week. Among the disclosures planned for this week, GameStop said, are a detailed presentation laying out the case for the deal and a plan for how the two........

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