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GameStop Exec Leaves With $2.8 Million Severance
Photo: Michael M. Santiago (Getty Images)
GameStop chief financial officer Jim Bell is set to resign from his position on March 26, the video game retailer announced today. He’ll do so $2.8 million richer thanks to a lucrative severance bonus.
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According to SEC filings first reported by
IGN, the contract Bell signed with GameStop in 2019 affords him a severance bonus of double his combined annual salary ($700,000) and annual bonus opportunity ($700,000), resulting in the $2.8 million windfall.
This news comes after a year that saw GameStop close more than 400 stores and left regular employees without the same support, unless you consider forcing them to do TikTok dances for holiday hours comparable to rewarding a departing executive with millions of dollars. ....

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