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  ·2021-04-22
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  S&P 500 is flat as market struggles for a direction
  U.S stocks were muted on Thursday following a strong day of gains as the market struggled for a dire
  S&P 500 is flat as market struggles for a direction
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- Stage1Stage1
  ·2021-04-21
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  How a sweetheart deal gives GameStop CEO a $179 mln goodbye gift
  April 21 (Reuters) - Gamestop Corp chief executive George Sherman can step down this summer with a $
  How a sweetheart deal gives GameStop CEO a $179 mln goodbye gift
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The Dow Jones Industrial Average dipped 56 points, while the Nasdaq Composite traded around the flatline.</p><p><img src=\"https://static.tigerbbs.com/62d23a87f9d782585bf07d2007a7b057\" tg-width=\"1080\" tg-height=\"461\" referrerpolicy=\"no-referrer\"></p><p>Shares of Southwest Airlines rose 1.6% after the carrier&nbsp;said leisure travel bookings continue to rise and that it expects to&nbsp;break even \"or better\" by June.Southwest also posted a narrower-than-expected loss for the first quarter.</p><p>American Airlines rallied 3% after the company said its cash flow turned positive by the end of the quarter, excluding debt payments.</p><p>The market remained little changed after a better-than-expected reading on weekly jobless claims. The Labor Department said Thursday that first-time claims for unemployment insurance&nbsp;totaled 547,000,which was below the Dow Jones estimate for 603,000.</p><p>Stocks rose on Wednesday&nbsp;during regular trading hours, snapping a two-day losing streak, as companies tied to the economy reopening led the way higher. The Dow advanced 316 points, or 0.93%, while the S&amp;P 500 rose 0.93%. 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The Dow Jones Industrial Average dipped 56 points, while the Nasdaq Composite traded around the flatline.</p><p><img src=\"https://static.tigerbbs.com/62d23a87f9d782585bf07d2007a7b057\" tg-width=\"1080\" tg-height=\"461\" referrerpolicy=\"no-referrer\"></p><p>Shares of Southwest Airlines rose 1.6% after the carrier&nbsp;said leisure travel bookings continue to rise and that it expects to&nbsp;break even \"or better\" by June.Southwest also posted a narrower-than-expected loss for the first quarter.</p><p>American Airlines rallied 3% after the company said its cash flow turned positive by the end of the quarter, excluding debt payments.</p><p>The market remained little changed after a better-than-expected reading on weekly jobless claims. The Labor Department said Thursday that first-time claims for unemployment insurance&nbsp;totaled 547,000,which was below the Dow Jones estimate for 603,000.</p><p>Stocks rose on Wednesday&nbsp;during regular trading hours, snapping a two-day losing streak, as companies tied to the economy reopening led the way higher. The Dow advanced 316 points, or 0.93%, while the S&amp;P 500 rose 0.93%. The Nasdaq Composite was the relative outperformer of the major indices, rallying 1.19%.</p><p>Small caps were a particular point of strength during the session, with the Russell 2000 ending the day 2.35% higher for its best day since March 1.</p><p>The Dow and S&amp;P 500 are less than 1% away from reclaiming their record highs, reached last Friday, amid ongoing optimism over the pace of the economic recovery.</p><p>“Stocks continue to fire on almost ‘all cylinders’ and remain in a strong position as the bull expands across the cyclical, secular, and increasingly the defensive [sector] with an economy on the offensive,” noted strategists at Evercore ISI. “The sum of which in conjunction with rising metals and materials, a milquetoast dollar, and a 10-year at 1.55%, offers the technical definition of ‘Goldilocks’ as we consolidate the powerful rally atop key support,” the firm said.</p><p>A busy week of earnings season continued on Thursday with a host of companies set to report quarterly results.Intel,Snap,Mattel,Boston Beer&nbsp;and&nbsp;Seagate Technology&nbsp;will report after the market closes.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141448708","content_text":"U.S stocks were muted on Thursday following a strong day of gains as the market struggled for a direction after a big rally to start the year.The S&P 500 dipped just 0.1%. The Dow Jones Industrial Average dipped 56 points, while the Nasdaq Composite traded around the flatline.Shares of Southwest Airlines rose 1.6% after the carrier said leisure travel bookings continue to rise and that it expects to break even \"or better\" by June.Southwest also posted a narrower-than-expected loss for the first quarter.American Airlines rallied 3% after the company said its cash flow turned positive by the end of the quarter, excluding debt payments.The market remained little changed after a better-than-expected reading on weekly jobless claims. The Labor Department said Thursday that first-time claims for unemployment insurance totaled 547,000,which was below the Dow Jones estimate for 603,000.Stocks rose on Wednesday during regular trading hours, snapping a two-day losing streak, as companies tied to the economy reopening led the way higher. The Dow advanced 316 points, or 0.93%, while the S&P 500 rose 0.93%. The Nasdaq Composite was the relative outperformer of the major indices, rallying 1.19%.Small caps were a particular point of strength during the session, with the Russell 2000 ending the day 2.35% higher for its best day since March 1.The Dow and S&P 500 are less than 1% away from reclaiming their record highs, reached last Friday, amid ongoing optimism over the pace of the economic recovery.“Stocks continue to fire on almost ‘all cylinders’ and remain in a strong position as the bull expands across the cyclical, secular, and increasingly the defensive [sector] with an economy on the offensive,” noted strategists at Evercore ISI. “The sum of which in conjunction with rising metals and materials, a milquetoast dollar, and a 10-year at 1.55%, offers the technical definition of ‘Goldilocks’ as we consolidate the powerful rally atop key support,” the firm said.A busy week of earnings season continued on Thursday with a host of companies set to report quarterly results.Intel,Snap,Mattel,Boston Beer and Seagate Technology will report after the market closes.","news_type":1},"isVote":1,"tweetType":1,"viewCount":224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378344219,"gmtCreate":1619006192731,"gmtModify":1704718163876,"author":{"id":"3566120732422673","authorId":"3566120732422673","name":"Stage1","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566120732422673","authorIdStr":"3566120732422673"},"themes":[],"htmlText":"!","listText":"!","text":"!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/378344219","repostId":"2129875328","repostType":4,"repost":{"id":"2129875328","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1619004087,"share":"https://ttm.financial/m/news/2129875328?lang=&edition=fundamental","pubTime":"2021-04-21 19:21","market":"us","language":"en","title":"How a sweetheart deal gives GameStop CEO a $179 mln goodbye gift","url":"https://stock-news.laohu8.com/highlight/detail?id=2129875328","media":"Reuters","summary":"April 21 (Reuters) - Gamestop Corp chief executive George Sherman can step down this summer with a $","content":"<p>April 21 (Reuters) - Gamestop Corp chief executive George Sherman can step down this summer with a $179 million windfall that dwarfs CEO salaries at many larger corporations thanks to a sweetheart deal that was turbocharged by this year's furious meme stock rally, compensation experts said.</p>\n<p>GameStop said on Monday that Sherman would step down by July 31. The struggling U.S. videogame retailer has been seeking a new leader to work on its e-commerce transition with chairman Ryan Cohen, the billionaire co-founder and former chief executive of online pet supplies retailer Chewy Inc.</p>\n<p>GameStop decoupled some of Sherman's pay from his performance last year in the early months of the COVID-19 pandemic and granted him stock when its shares were worth a tiny fraction of their current value, according to a Reuters review of security filings and interviews with compensation consultants.</p>\n<p>As a condition of his exit, GameStop is speeding up the time frame for Sherman to receive the shares, generating the award.</p>\n<p>Sherman, who has been CEO since April 2019, forfeited $98 million worth of stock this month because he did not meet performance targets, GameStop disclosed last week.</p>\n<p>Still, he stands to receive a stock payout currently worth $179 million because GameStop granted him more shares linked to his tenure at the company rather than to his performance as most companies do with their CEO, said Eric Hoffmann, a vice president at compensation consultant Farient Advisors LLC.</p>\n<p>\"Investors like awards that are performance-based, that have hard pre-established financial goals that the executives have to meet to earn, as opposed to time-based shares, where they just have to hang on to get them,\" Hoffmann said.</p>\n<p>A spokesman at Grapevine, Texas-based GameStop declined to comment. Sherman did not respond to requests for comment. Cohen, GameStop's largest shareholder with a 13% stake, could not be reached for comment.</p>\n<p>The value of Sherman's severance payout surpasses annual salaries given to many top U.S. CEOs. ViacomCBS Inc CEO Joseph Ianniello took home $112.9 million in realized pay in 2019, while JPMorgan Chase &amp; Co's Jamie Dimon's 2019 realized pay hit $107.8 million, according to the most recent tally by corporate governance data provider CGLytics.</p>\n<p>Other GameStop employees will not share in Sherman's windfall. The retailer has been shuttering hundreds of stores, according to securities disclosures.</p>\n<p>GameStop's shares closed at $158.53 on Tuesday, a stratospheric rise from around $5 last summer, when the company granted the bulk of the stock award to Sherman. They skyrocketed in January as individual traders on Reddit and other social media platforms snapped them up, squeezing short sellers.</p>\n<p>Reuters reported last year how some companies were shielding executives from the financial fallout of the pandemic by moving from performance-based to time-based payouts. They reasoned that the market disruption made it difficult to meet financial targets, and Sherman will benefit from that trend.</p>\n<p>Sherman, 59, has been credited internally with slashing costs and steering GameStop through the pandemic that put other retailers out of business, Reuters reported last week.</p>\n<p>But his 25 years of experience have been largely with brick-and-mortar retailers, such as <a href=\"https://laohu8.com/S/AAP\">Advance Auto Parts Inc</a>&nbsp;and Home Depot Inc. Cohen wants a top executive with skills better suited for GameStop's digital transformation, Reuters reported.</p>\n<p><b>VESTING OF SHARES</b></p>\n<p>GameStop granted Sherman roughly 925,000 shares last June that he was set to receive in thirds over three years, according to regulatory filings.</p>\n<p>He is set to receive them all at once upon his exit under terms of a \"transition agreement\" negotiated this month, as well as roughly 200,000 more shares that had not previously vested, the filings show. The filings do not disclose how GameStop's board decided on these awards.</p>\n<p>Sherman also stood to eventually receive 308,477 shares awarded last June that were tied to his performance, separate from the stock he forfeited last week. He agreed to forgo those performance-based shares as well, <a href=\"https://laohu8.com/S/AONE\">one</a> of the filings shows. It was not clear whether he would have met the performance targets.</p>\n<p>GameStop has said Sherman plans to remain on the board of directors without pay to help the next CEO transition into the role.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How a sweetheart deal gives GameStop CEO a $179 mln goodbye gift</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow a sweetheart deal gives GameStop CEO a $179 mln goodbye gift\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-21 19:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>April 21 (Reuters) - Gamestop Corp chief executive George Sherman can step down this summer with a $179 million windfall that dwarfs CEO salaries at many larger corporations thanks to a sweetheart deal that was turbocharged by this year's furious meme stock rally, compensation experts said.</p>\n<p>GameStop said on Monday that Sherman would step down by July 31. The struggling U.S. videogame retailer has been seeking a new leader to work on its e-commerce transition with chairman Ryan Cohen, the billionaire co-founder and former chief executive of online pet supplies retailer Chewy Inc.</p>\n<p>GameStop decoupled some of Sherman's pay from his performance last year in the early months of the COVID-19 pandemic and granted him stock when its shares were worth a tiny fraction of their current value, according to a Reuters review of security filings and interviews with compensation consultants.</p>\n<p>As a condition of his exit, GameStop is speeding up the time frame for Sherman to receive the shares, generating the award.</p>\n<p>Sherman, who has been CEO since April 2019, forfeited $98 million worth of stock this month because he did not meet performance targets, GameStop disclosed last week.</p>\n<p>Still, he stands to receive a stock payout currently worth $179 million because GameStop granted him more shares linked to his tenure at the company rather than to his performance as most companies do with their CEO, said Eric Hoffmann, a vice president at compensation consultant Farient Advisors LLC.</p>\n<p>\"Investors like awards that are performance-based, that have hard pre-established financial goals that the executives have to meet to earn, as opposed to time-based shares, where they just have to hang on to get them,\" Hoffmann said.</p>\n<p>A spokesman at Grapevine, Texas-based GameStop declined to comment. Sherman did not respond to requests for comment. Cohen, GameStop's largest shareholder with a 13% stake, could not be reached for comment.</p>\n<p>The value of Sherman's severance payout surpasses annual salaries given to many top U.S. CEOs. ViacomCBS Inc CEO Joseph Ianniello took home $112.9 million in realized pay in 2019, while JPMorgan Chase &amp; Co's Jamie Dimon's 2019 realized pay hit $107.8 million, according to the most recent tally by corporate governance data provider CGLytics.</p>\n<p>Other GameStop employees will not share in Sherman's windfall. The retailer has been shuttering hundreds of stores, according to securities disclosures.</p>\n<p>GameStop's shares closed at $158.53 on Tuesday, a stratospheric rise from around $5 last summer, when the company granted the bulk of the stock award to Sherman. They skyrocketed in January as individual traders on Reddit and other social media platforms snapped them up, squeezing short sellers.</p>\n<p>Reuters reported last year how some companies were shielding executives from the financial fallout of the pandemic by moving from performance-based to time-based payouts. They reasoned that the market disruption made it difficult to meet financial targets, and Sherman will benefit from that trend.</p>\n<p>Sherman, 59, has been credited internally with slashing costs and steering GameStop through the pandemic that put other retailers out of business, Reuters reported last week.</p>\n<p>But his 25 years of experience have been largely with brick-and-mortar retailers, such as <a href=\"https://laohu8.com/S/AAP\">Advance Auto Parts Inc</a>&nbsp;and Home Depot Inc. Cohen wants a top executive with skills better suited for GameStop's digital transformation, Reuters reported.</p>\n<p><b>VESTING OF SHARES</b></p>\n<p>GameStop granted Sherman roughly 925,000 shares last June that he was set to receive in thirds over three years, according to regulatory filings.</p>\n<p>He is set to receive them all at once upon his exit under terms of a \"transition agreement\" negotiated this month, as well as roughly 200,000 more shares that had not previously vested, the filings show. The filings do not disclose how GameStop's board decided on these awards.</p>\n<p>Sherman also stood to eventually receive 308,477 shares awarded last June that were tied to his performance, separate from the stock he forfeited last week. He agreed to forgo those performance-based shares as well, <a href=\"https://laohu8.com/S/AONE\">one</a> of the filings shows. It was not clear whether he would have met the performance targets.</p>\n<p>GameStop has said Sherman plans to remain on the board of directors without pay to help the next CEO transition into the role.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CHWY":"Chewy, Inc.","AAPL":"苹果","JPM":"摩根大通","HD":"家得宝","GME":"游戏驿站","AAP":"Advance Auto Parts Inc"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129875328","content_text":"April 21 (Reuters) - Gamestop Corp chief executive George Sherman can step down this summer with a $179 million windfall that dwarfs CEO salaries at many larger corporations thanks to a sweetheart deal that was turbocharged by this year's furious meme stock rally, compensation experts said.\nGameStop said on Monday that Sherman would step down by July 31. The struggling U.S. videogame retailer has been seeking a new leader to work on its e-commerce transition with chairman Ryan Cohen, the billionaire co-founder and former chief executive of online pet supplies retailer Chewy Inc.\nGameStop decoupled some of Sherman's pay from his performance last year in the early months of the COVID-19 pandemic and granted him stock when its shares were worth a tiny fraction of their current value, according to a Reuters review of security filings and interviews with compensation consultants.\nAs a condition of his exit, GameStop is speeding up the time frame for Sherman to receive the shares, generating the award.\nSherman, who has been CEO since April 2019, forfeited $98 million worth of stock this month because he did not meet performance targets, GameStop disclosed last week.\nStill, he stands to receive a stock payout currently worth $179 million because GameStop granted him more shares linked to his tenure at the company rather than to his performance as most companies do with their CEO, said Eric Hoffmann, a vice president at compensation consultant Farient Advisors LLC.\n\"Investors like awards that are performance-based, that have hard pre-established financial goals that the executives have to meet to earn, as opposed to time-based shares, where they just have to hang on to get them,\" Hoffmann said.\nA spokesman at Grapevine, Texas-based GameStop declined to comment. Sherman did not respond to requests for comment. Cohen, GameStop's largest shareholder with a 13% stake, could not be reached for comment.\nThe value of Sherman's severance payout surpasses annual salaries given to many top U.S. CEOs. ViacomCBS Inc CEO Joseph Ianniello took home $112.9 million in realized pay in 2019, while JPMorgan Chase & Co's Jamie Dimon's 2019 realized pay hit $107.8 million, according to the most recent tally by corporate governance data provider CGLytics.\nOther GameStop employees will not share in Sherman's windfall. The retailer has been shuttering hundreds of stores, according to securities disclosures.\nGameStop's shares closed at $158.53 on Tuesday, a stratospheric rise from around $5 last summer, when the company granted the bulk of the stock award to Sherman. They skyrocketed in January as individual traders on Reddit and other social media platforms snapped them up, squeezing short sellers.\nReuters reported last year how some companies were shielding executives from the financial fallout of the pandemic by moving from performance-based to time-based payouts. They reasoned that the market disruption made it difficult to meet financial targets, and Sherman will benefit from that trend.\nSherman, 59, has been credited internally with slashing costs and steering GameStop through the pandemic that put other retailers out of business, Reuters reported last week.\nBut his 25 years of experience have been largely with brick-and-mortar retailers, such as Advance Auto Parts Inc and Home Depot Inc. Cohen wants a top executive with skills better suited for GameStop's digital transformation, Reuters reported.\nVESTING OF SHARES\nGameStop granted Sherman roughly 925,000 shares last June that he was set to receive in thirds over three years, according to regulatory filings.\nHe is set to receive them all at once upon his exit under terms of a \"transition agreement\" negotiated this month, as well as roughly 200,000 more shares that had not previously vested, the filings show. The filings do not disclose how GameStop's board decided on these awards.\nSherman also stood to eventually receive 308,477 shares awarded last June that were tied to his performance, separate from the stock he forfeited last week. He agreed to forgo those performance-based shares as well, one of the filings shows. It was not clear whether he would have met the performance targets.\nGameStop has said Sherman plans to remain on the board of directors without pay to help the next CEO transition into the role.","news_type":1},"isVote":1,"tweetType":1,"viewCount":95,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}