What's on Your Mind?

GameStop is providing details on a new compensation package for CEO Ryan Cohen that is dependent on him meeting certain “significant” performance targets. The video game retailer said in a regulatory filing on Wednesday that Cohen would have to grow its market capitalization to $100 billion and it would need to hit $10 billion in cumulative performance EBITDA — or earnings before interest, taxes, depreciation and amortization — for his award to fully vest. GameStop said Cohen won’t receive any guaranteed pay, which it defines as no salary, no cash bonuses, and no stock that simply vests over time. “His compensation is entirely ‘at-risk,’ meaning he will only b…

Hi there! My name is Marcus Collins, DBA, and I study culture and its influence and impact on human behavior at the Ross School of Business at the University of Michigan. Each week, this column will explore the inner workings of organizational culture and the mechanisms that make it tick. Every entry will be accompanied by an episode from my podcast, From the Culture, that digs deeper into the culture of work from my conversations with the organizational leaders that make it all happen. If culture eats strategy for breakfast, then this is the most important conversation in business that you are not having. Sign up for the newsletter to make sure you don’t miss a beat. …