GameStop CEO says goodbye to $35 billion pay package to focus on eBay bid

In May, GameStop CEO Ryan Cohen surprised the masses after announcing an unsolicited offer to buy eBay for nearly $56 billion—a deal that eBay’s board rejected and called “neither credible nor attractive.” In an interview with CNBC last month, Cohen provided little context about how the cash and stock deal would materialize. Between the company’s $11 billion market capitalization, $9 billion cash reserves, and $20 billion financing confidence letter received from TD Securities, GameStop was still nearly $16 billion short of its $56 billion offer. Since then, GameStop’s market cap has declin...