GameStop cancels $35B CEO bonus amid backlash over $56B eBay bid and shareholder lawsuit

GameStop has dropped a $35 billion performance bonus plan for CEO Ryan Cohen, who requested the removal to focus on the company's operations and its $56 billion unsolicited bid for eBay. The bid has faced strong rejection from eBay's board, citing financing and leadership concerns, and has sparked investor backlash. GameStop plans to provide more details on the strategic rationale behind the acquisition soon. Meanwhile, legal challenges have emerged, including a shareholder lawsuit alleging board manipulation of voting rules.