Yeah I've never thought that that was the win that people seem to think it is. When you're that high up in the company, you have so much stock that you can pretty easily get loans against for however much you need, and write off the interest in the process.
Margin interest is tax-deductible, but only when you're using the loan to buy more securities. So, in context, a CEO who "works for no salary" and just takes out loans secured by their stock holdings to fund their lifestyle does not get to write off that interest.
Not to say the "no salary" thing isn't silly anyway, of course.
They have to trot it out because otherwise there's not much else to pimp about Cohen as CEO and this attempted deal seems much more oriented to juice the total market value of GME to more easily meet the criteria for his recent pay package rather than a great idea for either company on it's own.
>I'm arguing it's not "success". I don't believe that a meme stock is a truly long-term business.
Duh.
Crypto is the peak meme investment. Literally worthless, yet the market size is in trillions now, with even pension funds buying into it.
It doesn't follow any fundamentals, but as the meme markets defacto exist, there needs to be some models of valuing these investments other than fundamentals.