Shares linked to tenure, not performance.

The GameStop stock market drama from the beginning of the year certainly had its share of dramatic ups and equally dramatic downs, but it's fair to say that the prospects for of the video game retailer have been gloomy for several years now. The rise in digital purchases and alternative online retailers over the past decade has made things increasingly tough for brick-and-mortar stores, and the events of the past year have compounded problems considerably.

It might come as a surprise, then, to see that Gamestop Corp's CEO, George Sherman, will be stepping down this summer with a goodbye package currently worth $179 million. As reported by Reuters, his departure — which was first reported on Monday — will see him step down from the role by 31st July after becoming CEO in April 2019.

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April 22, 2021 at 06:00AM
from Nintendo Life | Latest Updates