LogFAQs > #964130037

HOLY MOLY THIS WILD

Page 4, Section 13.... After Mr. Kaufmans departure, however, Jim Bell, GameStops then-new (and now former) Chief Financial Officer, took over Mr. Kaufmans role in the profit improvement project and GameStop has since failed and refused to perform as required by the SOW. Specifically, under Mr. Bells management and since his departure in March 2021, GameStop has refused to pay significant amounts of BCGs fees, despite there being no legitimate dispute over BCGs full performance and the fees coming due. GameStop has also taken unreasonable positions, unilaterally demanding discounts on certain workstream fees with no justification, and refusing to continue contractually-obligated meetings to confirm profit improvement estimates and BCGs resulting fees. For these reasons and others discussed below, GameStop has breached the SOW and the implied covenant of good faith and fair dealing, andtherefore owes BCG approximately $30 million in unpaid fees.

These fees are based on PROJECTIONS not RESULTS.
Seems the original gamestop board was trying to do an exit scam with this shady kind of tactic. These companies come in a lay off people and sell assets, then further ruin everything, but the execs and them get big payouts. And of course the shorters get what they want too.