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Jeff Roberson/AP
GameStop CFO Jim Bell will reportedly exit with a $30 million package, Bloomberg reported.
When he departs in March, his contract entitles him to $2.8 million severance and $13 million in shares.
Bell s exit package benefited from the Reddit frenzy that drove the stock higher in January.
GameStop s CFO, Jim Bell, may take home about $30 million as he leaves the retailer, Bloomberg reported.
Bell s contract included severance of $2.8 million, along with a departure award of restricted shares worth about $13 million, according to Bloomberg. Much of the rest of the package would be in equity grants tied to company performance over the next few years, the report said.
Reddit trading lingo may filter in to Washington on Thursday when top hedge fund managers, the head of Robinhood and Roaring Kitty himself are set to give testimony before US House of Representatives lawmakers.
The lingo of the online traders of Reddit s WallStreetBets group, or WSB, which fueled a surge in GameStop Corp s stock, prompted even singer Dionne Warwick to ask on Twitter, What are stonks and why is it a trending subject?
For the uninitiated, here is a guide to understanding some common WSB words:
STONKS
ROARING KITTY
The social media pseudonym of Keith Gill, a financial adviser in Massachusetts whose Reddit posts and YouTube video streams helped drive interest in GameStop s stock.
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