GameStop CEO exiting with $170 million payday thanks to Reddit market frenzy
CBSN
GameStop CEO George Sherman is set to collect nearly $170 million when he exits the company this summer after just over two years at the helm, a time the struggling retailer has racked up large losses.
When Sherman joined the company in April 2019, GameStop had fiscal-year sales of $8.3 billion and operating income of $310 million. Since then, sales have tumbled and earnings have evaporated. The company had $5 billion in sales in its latest fiscal quarter and an operating loss of $253 million. Although the coronavirus pandemic walloped GameStop's business as it did other retailers, the company's sales and earnings were falling even before the health crisis. In all, GameStop has lost nearly $700 million during Sherman's tenure as CEO.Days off do not exist for Katie Ledecky. "I swim nine to ten times a week, for two hours at a time," she said. By her own estimate, Ledecky swims up to 70,000 meters – roughly 43 miles – each week, as she gears up for the Paris Olympics next month. And if that isn't enough, after hitting the pool, she hits the weights.
With foothills rising above, Boise, Idaho is a place of beauty. But it's the city's less scenic quarters, dead ends and back alleys that were Robert Martin's home, on and off, for 15 years. On nights when Boise's homeless shelters were full, Martin got sleep wherever he could. "There were times I've slept in garage stairwells, on cement, slept in rock, up under overpasses in the rocks and dirt," he said.