alt Hacker NewsYeah 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.
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rtkwe • yesterday at 4:53 PM
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.
What U.S. tax code provision allows an individual to write off (non-primary-mortgage) loan interest?