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GameStop CEO loses $98 million in shares after missing targets
short by Kiran Khatri / on Thursday, 15 April, 2021
GameStop CEO George Sherman has forfeited over 587,000 shares of the video-game retailer, worth around $98 million at current prices, after he failed to meet his performance targets. The shares were originally granted to him in April 2019 when he took over the role of CEO. Sherman still holds 1.77 million shares, or $294.8 million as of Wednesday's close.
read more at Reuters