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Joseph M. DePinto is a notable figure in the business world, having served as the President and CEO of GameStop Corp. for a brief period in 2005 before moving on to lead 7-Eleven, Inc. His departure from GameStop was effective...

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Joseph M. DePinto

Ex-CEO of GameStop

Sector of Economy

Consumer Cyclical

CEO of GameStop for

0 years 0 months (Nov 2005 - Nov 2005)

Previous Experience

Unknown

Holdings

See how much did Joseph M. DePinto make over time.

Joseph M. DePinto’s financial activities include noteworthy engagements with GameStop (GME). While it is not detailed whether he participated in insider trading, his tenure with the company during the mid-2000s reflects a high-stakes environment where company stocks were at a...

Insider Trading

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No insider trades found for this CEO.

Compensation History

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In 2005, Joseph M. DePinto received a total compensation of approximately $1.67 million while leading GameStop. His salary was $643,846, but the major part of his earnings came from a bonus of $1.11 million, reflecting a compensation plan aimed at motivating performance. The bonus was tied to achieving certain performance targets as established by the company’s Compensation Committee. Additionally, he received around $11,919 for other contributions, like 401(k) contributions and insurance coverage, though he did not receive any stock grants or options in that fiscal year. Such a structure indicates that GameStop was eager to incentivize their executives to hit financial goals, aligning DePinto’s interests with those of shareholders. His high bonus suggests they were expecting considerable growth and performance at a critical time for the company.

Year

2005

Total Compensation

$1.77M

Salary

$643.85K

Board Justification

The compensation program is designed to attract and retain executives critical to the long-term success of the Company, aligning their interests with those of stockholders through performance-based compensation.

Bonus

$1.11M

Board Justification

Annual cash bonus based on performance targets established by the Compensation Committee.

Other

$11.92K

Board Justification

Consists of contributions under the 401(k) plan and payments for life and disability insurance coverage.

Restricted Stock

$0.00(0 Restricted Stock)

Board Justification

No stock was vested in 2005 as the restricted shares were granted based on performance for the fiscal year ended January 28, 2006 and vest ratably over a three-year period.

Performance Metrics

Performance metrics include net sales, pretax income, earnings per share, and other financial goals.

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