GameStop fires its CFO and looks to cut staff
CNN
GameStop has fired its chief financial officer and is preparing to make cuts to its staff.
Shares of the company's volatile stock fell 5% in premarket trading Friday. The stock rose 15% Thursday after the company planned a four-for-one stock split,
GameStop (GME) did not give a reason for firing CFO Michael Recupero, other than to say that under terms of his employment agreement it was "without cause." Still, it is unusual for a company to disclose that a top officer had been fired, rather than simply say that he or she had left to the company.
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