EA CEO Andrew Wilson made a reduction last year at the request of shareholders, but at last he knew the amount. It’s a whopping $ 20 million. However, as with most executive compensation scenarios, Wilson’s compensation complexity is not that simple.
In 2021, Wilson earned $ 39.2 million between a base salary of $ 1.25 million and a bundle of various stock incentives, grants, and other types of additional compensation typical of top executives. However, EA’s board of directors was under pressure to reform these numbers. In the 2020 “say on pay” vote by shareholders, only 26% of the company’s shareholders are satisfied with the current compensation scheme, after similar votes over the past few years have shown overwhelming support for executive compensation. I showed that.
The wave of dissatisfaction At least partially instigated by CtW Investment Group, EA, Activision Blizzard, and many other companies over the years have sought high executive compensation. The organization accused EA of “developing a special award grant addiction” and pointed out how much Wilson’s rewards were based on huge bonuses. And in fact, the following year, Wilson was awarded a $ 30 million share grant in 2021 to “maintain and motivate” Wilson.
Shareholders’ “voter remarks” voting is not binding, but it deprives shareholders of their body temperature, and upsetting an overwhelming number of lawmakers certainly has consequences. Therefore, in 2022, EA chose to skip the number of Wilson’s usual major bonuses. His base salary technically increased from $ 1.25 million to $ 1.3 million, with no specific bonuses, but earned a total of $ 1990 million in 2022, a decrease of nearly $ 20 million from 2021. .. According to EA filing..
It’s still unclear what Wilson will make this year, which he started for EA in April of this year. The company will hold another vote in August this year to allow shareholders to state whether they are happy with the payroll reform. And while there are many other ways for top brass to receive high salaries, we are reiterating our commitment not to give executive officers special stock incentives until 2026. For example, he received a $ 30 million share grant in 2021 and $ 18 million last year. Both make up the majority of his payments each year and may be increased again in the future.
Earlier this year’s report compared game executive compensation in 2020. At the time, Playtika CEO Robert Antokol was the highest-paying CEO at $ 372 million. Activision-Blizzard CEO Bobby Kotick brought in $ 154.6 million that year, and Wilson earned $ 34.7 million. For comparison, the median employee compensation for the same year’s EA was $ 123,935. Its median fell to $ 115,569 last year, according to a 2021 report.
Rebekah Valentine is a news reporter for IGN.She can be found on twitter @duckvalentine..
