Fortescue Faces Class Action Over Sexual Harassment Claims at Australian Mining Sites 
Asian Stocks Slip as Oil Rebounds Amid Fed Rate Hike Fears 
Asian Stocks Slide as AI Rally Pauses, South Korean Chipmakers Lead Regional Decline 
Tesla and NatPower Partner on $5 Billion Battery Storage Expansion in Europe 
Samsung Electronics Stock Surges on Report of Massive $59 Billion Share Buyback Plan 
Singapore Inflation Stays Muted in May as Core CPI Misses Forecasts Ahead of MAS Review 
US Dollar Climbs to One-Year High as Fed Rate Hike Expectations Surge 
WiseTech Global Denies Knowledge of Investigation Into Founder Richard White 
Yen Near 40-Year Low as USD/JPY Approaches Key 162 Level, Raising Intervention Concerns 
U.S. Dollar Reaches One-Year High as Tech Sell-Off and Fed Rate Hike Expectations Support Demand 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
Oil Prices Slip as Iran Sanctions Relief and Hormuz Shipping Recovery Ease Supply Concerns 
Ryan Cohen Rejects GameStop Pay Package, Prepares New eBay Acquisition Plan 
South Korea’s KOSPI Rebounds as Samsung and SK Hynix Lead Tech Stock Recovery 
Alphabet Replaces Verizon in Dow Jones Industrial Average 
Meta Pauses Employee Activity Tracking Program Over Data Security Concerns 
South Korea Remains MSCI Emerging Market Despite Reform Progress 
GameStop lost an executive after Jenna Owens, its chief operating officer, stepped down from her post. It was reported that she left just seven months after joining the company and being appointed as its COO.
As per CNN Business, while GameStop confirmed in a regulatory filing that Owens is leaving, it did not state any reason why she quit. The publication tried to contact the former COO, but she could not be reached, while GameStop did not respond to a request for comment.
Then again, based on the filing, both GameStop and Owens agreed on the separation that was said to have gone into effect on Oct. 25. As she part ways with the American video game, consumer electronics, and gaming merchandise retailer, she will be receiving six months of base pay and the remaining amount of her sign-on bonus, and these are all part of her severance.
For now, the work she left behind will be distributed to other senior members of the management team. GameStop hired Owens last spring, and prior to that, she worked for Amazon and Google as one of their executives. When she was recruited, the ex-COO was expected to lead operations at the company while it tried to leverage this year’s retail investor stock market momentum into e-commerce transformation.
Likewise, GameStop hired people to help transform the company into an e-commerce retailer, but it seems the plan is not going smoothly. Reuters noted that Jenna Owens is the first major executive to leave the company since it started to work towards its goal of becoming an e-commerce powerhouse. This is also the first departure at GameStop since Matt Furlong was appointed as the new chief executive officer in June.
While the company did not say the reason for Owen’s departure, observers pointed out that the separation agreement that she and GameStop signed is usually negotiated when a firm and its executive do not have the same opinion or point of view.
Meanwhile, it was mentioned that Grapevine, Texas-headquartered company also signed separation agreements when its chief financial officer, Jim Bell, and chief executive officer, George Sherman, both left the company earlier this year.
