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GameStop Executives Sitting on $1.3 Billion Gain From Frenzy

  • CEO Sherman leads way with stock awards valued at $700 million
  • Reddit rally has inflated retailer’s market value 15-fold
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GameStop Rally Wreaks Havoc on Wall Street
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GameStop Corp.’s manic ride is transforming the fortunes of its leaders -- at least on paper.

The video-game retailer’s top executives have seen the value of their holdings surge about $1.3 billion in the wake of a Reddit-fueled trading frenzy that has sent GameStop shares soaring more than 1,500% this month, according to data compiled by Bloomberg.