GameStop's Outgoing Executives Are Getting Massive Paydays

Uncategorized Admin 0

GameStop’s current CEO George Sherman is leaving the company and retaining 1 million shares that are worth more than $150 million, but he’s not the only departing executive headed out the door with a big payout. The Wall Street Journal reported that three other outgoing executives are set to leave the company with paydays in the tens of millions.

GameStop CFO James Bell, who resigned in February, holds shares worth more than $40 million. According to a report, Bell was forced out by new GameStop chairman Ryan Cohen.

No Caption Provided

GameStop’s chief customer officer Frank Hamlin, who also recently resigned, has an allotment of shares that are worth more than $30 million. And GameStop’s merchandising executive, Chris Homeister, holds 289,000 shares valued at more than $40 million. He is planning to resign from GameStop in the time ahead.

Continue Reading at GameSpot
Source: Game Spot Mashup