George E. Sherman was the CEO of GameStop from April 2019 until April 2021. His leadership coincided with a significant period for the company, especially amid the retail shifts and the meme stock phenomenon that brought GameStop to the front...
George E. Sherman was the CEO of GameStop from April 2019 until April 2021. His leadership coincided with a significant period for the company, especially amid the retail shifts and the meme stock phenomenon that brought GameStop to the front pages of financial news. Before GameStop, Sherman had a solid background in retail management, having served as CEO of Victra, a major Verizon retailer, and he also held executive positions at Advance Auto Parts, Best Buy, and Home Depot. In 2020, his total compensation was notable at approximately $7.2 million, primarily from previously vested stocks, showing the weight of equity in executive pay. Interestingly, despite significant earnings in stock awards, there were gaps in his recent pay structure as he transitioned out of his role, including no bonuses awarded during his last year due to company performance goals that were not met. George's transition from GameStop included a plan for accelerated stock vesting upon his departure, reflecting a rare move in executive exits, aligning his interests with those of shareholders. His journey exemplifies the challenges and changes faced by modern retail CEOs in a fast-evolving market.