CEO of GameStop is fired and takes a millionaire

game-stop-lojas-eua-games

Astonishing appreciation of the shares of Gametop, the largest game retailer in the United States, could make the company’s chief executive, George Sherman, a millionaire. When he leaves office as part of his closing contract on July 31, the executive is expected to make $ 179 million, which includes more than one million shares.

GameStop is creating uproar on the New York Stock Exchange, with accumulated gains of 900% between January and March this year. On Tuesday, the 20th, the stock closed at $ 158.53.

Sherman should refrain from leaving his post if he exceeds the amount received by many well-known officials from a large company. ViacomCBS CEO Joseph Ianniello received $ 112.9 million and JPMorgan Chase’s Jamie Dimon received $ 107.8 million in 2019.

GameStop decided to open Sherman’s payout of performance targets and results at the start of the epidemic last year and, in compensation, offered a package of shares, which were significantly lower at the time.

About the author: Sarah Gracie

Sarahis a reporter covering Amazon. She previously covered tech and transportation, and she broke stories on Uber's finances, self-driving car program, and cultural crisis. Before that, she covered cybersecurity in finance. Sarah's work has appeared in The Wall Street Journal, Bloomberg, Politico, and the Houston Chronicle.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *