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The Washington Post has tapped Cameron Barr, one of four managing editors, to be its acting executive editor ahead of Marty Baron’s exit on Feb. 28.

“The search for the next Executive Editor is actively underway with a broad and diverse group of exceptional journalists,” said publisher Fred Ryan who is heading the search. “It will not be complete prior to Marty’s departure at the end of this month.”

Ryan said he has asked Barr, the paper’s “longest-tenured” managing editor to lead the paper while the search for a permanent Baron replacement continues.

Barr, the managing editor in charge of news and features, is also considered to be one of the leading candidates for top job, along with national editor Steven Ginsberg. Outside candidates are also said to be on the radar.

Baron, 66, helped rejuvenate the newsroom after years of malaise before announcing his retirement last month.

Since taking over as executive editor eight years ago, before the Graham family sold the paper to billionaire Amazon founder Jeff Bezos, he has expanded the newsroom from about 580 people to over 1,000 and won 10 Pulitzer Prizes.

Baron will be given a virtual farewell at 3 p.m. on Thursday, Feb. 25.

Filed under journalists ,  media ink ,  washington post ,  2/23/21

News Source: New York Post

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GameStop’s Short-Lived CFO Set to Leave With $30 Million Package

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(Bloomberg) -- Jim Bell, the GameStop Corp. finance chief who is being pushed out after less than two years on the job, won’t be leaving empty-handed.

© Bloomberg A GameStop Corp. store in Rome, Italy, on Thursday, Jan. 28, 2021. GameStop Corp. had the biggest day yet of its dizzying rally, adding more than $10 billion in market value, as bullish day traders kept the upper hand over short sellers.

The executive will get $15.8 million when he departs, which is set for next month, and he could earn millions more from equity in coming years if activist investor Ryan Cohen can pull off a turnaround of the video-game retailer.

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While the terms of Bell’s payout are fairly standard for a departing executive, the value of his potential exit package is high -- partly a product of the GameStop rally in January that’s left the stock worth more than double what it was at the end of 2020.

Bell’s contract entitles him to $2.8 million in severance and an immediate payout of restricted shares worth $13 million when he departs, according to regulatory filings and calculations by Bloomberg News.

He also holds a couple of equity awards that are tied to goals spanning several years. Filings show he could collect at least 300,000 shares, depending on how the company does. They were worth $13.8 million as of Tuesday’s close in New York.

Cohen, the billionaire co-founder of pet-supply company Chewy, has pushed GameStop to rethink its business and compete with Amazon.com Inc. more directly. He’s the company’s second-largest shareholder and won three board seats in January.

The company is now seeking a finance chief who is more in line with that vision, a person familiar with the situation said Tuesday. Bell, who has hired in June 2019, is slated to leave by March 26.

Bell’s departure from GameStop will be his third exit from a company in less than five years, according to his LinkedIn. He didn’t immediately respond to a request for comment.

For more articles like this, please visit us at bloomberg.com

©2021 Bloomberg L.P.

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