{"id":235777,"date":"2021-04-26T17:16:17","date_gmt":"2021-04-26T14:16:17","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/gamestop-execs-to-collect-269-million-on-their-way-out\/"},"modified":"2021-04-26T17:16:17","modified_gmt":"2021-04-26T14:16:17","slug":"gamestop-execs-to-collect-269-million-on-their-way-out","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/gamestop-execs-to-collect-269-million-on-their-way-out\/","title":{"rendered":"#GameStop execs to collect $269 million on their way out"},"content":{"rendered":"

“#Game<\/a>Stop execs to collect $269 million on their way out<\/strong>”<\/p>\n

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Four top GameStop executives being pushed out of the company will get a sizeable parting gift \u2014 with their vested stocks valued at roughly $290 million.<\/p>\n

GameStop CEO George Sherman could walk away with $169 million if he sells his 1.1 million shares in the company when he steps down, based on Friday\u2019s closing, according to the Wall Street Journal<\/a>.<\/p>\n

Sherman announced last week he will depart GameStop by July 31 \u2014 and his separation agreement allows his stock awards to vest when he leaves.<\/p>\n

Shares in the video game retailer were below $20 early last year, but a Reddit<\/a>-fueled rally made the stock skyrocket to $150 per share.<\/p>\n

Sherman\u2019s severance payout could have been even higher, WSJ noted, but the outgoing chief executive agreed to forego some of his stock awards \u2014 valued at about $50 million \u2014 and $5 million in cash.<\/p>\n

\"A
A GameStop shop in New York City on Jan. 30. <\/figcaption>
REUTERS<\/span><\/figcaption><\/figure>\n

Departing GameStop finance chief James Bell stands to collect $44 million, chief customer officer Frank Hamlin could depart with $34 milllion, and merchandising chief Chris Homeister could walk away with $44 million, the outlet calculated.<\/p>\n

Meanwhile, Ryan Cohen, former CEO of online pet supplies retailer\u00a0Chewy, is trying to revive the video game retailer.<\/p>\n

Cohen, who\u00a0took a stake in GameStop\u00a0last year, has been pushing to\u00a0transform the company\u00a0from a brick-and-mortar business to a seller of digital games. <\/p>\n

\"A
A GameStop store is seen in the Jackson Heights neighborhood of New York City on Jan. 27.<\/figcaption>
REUTERS<\/span><\/figcaption><\/figure>\n

Cohen, who will\u00a0become chairman of the retailer\u00a0this summer, has been shaking up the executive ranks in the process, adding new executives from Amazon and Chewy.com to replace former\u00a0GameStop execs.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#GameStop execs to collect $269 million on their way out” Four top GameStop executives being pushed out of the company will get a sizeable parting gift \u2014 with their vested stocks valued at roughly $290 million. GameStop CEO George Sherman could walk away with $169 million if he sells his 1.1 million shares in the…<\/p>\n","protected":false},"author":1,"featured_media":235778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/04\/GameStop-004.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[103458,72128],"class_list":["post-235777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-4-26-21","tag-gamestop"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/235777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=235777"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/235777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/235778"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=235777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=235777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=235777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}