GameStop Yanks 587,000 Shares from Outgoing CEO

As major changes at recent short-squeeze target GameStop (NYSE: GME) continue, its current CEO George Sherman is forefeiting over half-a-million shares originally given to him as an incentive. The 587,000 shares GameStop has decided to "repossess" are worth approximately $98 million at yesterday's market-closing price of roughly $167, Business Insider says. The company's executive shakeup began when small Reddit investors from r/WallStreetBets carried out a short squeeze on GameStop earlier this year.