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Fed Chair: Inflation likely to remain elevated in coming months

Fed Chair: Inflation likely to remain elevated in coming months By Allison Morrow, CNN Business Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, . In today’s business news: A new report highlights the gap between CEO and worker pay; a $25 toy is now selling for $28,000; and RIP Twitter Fleets. RITCHIE RICH Here’s your midweek outrage fuel: The gulf between what your boss makes and what you make got even wi...
White House District Of Columbia United States Jerome Powell Steve Wozniak Clare Duffy

GameStop's departing CEO to get 'unconscionable' package worth $173M after 2 years on the job

GameStop’s departing CEO to get ‘unconscionable’ package worth $173M after 2 years on the job Updated 10:39 PM; Has saying goodbye ever been so lucrative? George Sherman, hired as CEO of GameStop Corp. two years ago, is leaving the Grapevine-based video game retailer with an exit package valued at $127 million, according to a regulatory filing. Sherman also will get a big pay bump in June, about a month before his scheduled departure, when another 308,477 company shares will vest and bec...
Daniel Kaufman James Bell Brent Longnecker Brandon Rees Frank Hamlin George Sherman

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