Investor Presentaiton
Management Bonuses Have Been Misaligned with Shareholder Value
($ in millions)
Year
Performance Measure Target
Actual
STI Earned Weighting % Payout as % of Target
2015 Technology brands
and other new
300 stores 591 stores 125%
25.0%
31.3%
concepts store growth
2016 Technology brands
operating earnings
$88
$90
102%
25.0%
25.5%
2019
G&A cost savings vs.
Fiscal 2018 Baseline
$30.0
$44.7
196%
16.7%
32.7%
BONUSES MISALGINED WITH
SHAREHOLDER VALUE
Acquisition and development of AT&T
stores, which were eventually sold
Bonuses paid based on non-core
business segment
SG&A increased dramatically as a
percentage of revenues
2019
Successful completion
of Tulsa Test
100.0%
100.0%
100%
16.7%
16.7%
Completing a test is their job, not an
accomplishment worthy of a bonus
restore
GameStop
Source: GameStop annual proxy statements.
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