Mattrick could make $50 million at Zynga based on stock incentives
The former Microsoft executive is receiving a $5 million signing bonus, $1 million in salary, and $11.3 million in Zynga stock to replace the same amount of vested shares he left behind by leaving Microsoft. And that's just the beginning. He gets a grant of 1.7 million shares worth $5 million, an option to buy $7.4 million shares worth $10 million and next year he can start drawing an annual bonus valued at 200% to 400% of his regular $1 million pay check. There is a whole lot more and it all adds up to about $50 million. Ok, most of these are stock-based awards so cash isn't actually leaving the company except for salary and bonuses. Even so, Zynga is a troubled company. Draw Something 2 has not been a hit and Words with Friends is getting long in the tooth.
Don Mattrick could be the guy that turns Zynga around. He has been in video games most of his life, sticking around at EA long enough to collect $21 million in stock options. The next time your parents or your wife tells you to stop playing video games because they are a waste of time, you can throw Mattrick's contract in their faces.
source: MicrosoftNews via WMPoweruser
1. LordLust187 (Posts: 18; Member since: 05 Jul 2013)
Save that company if it can be save with it's glitchy games like WORDS WITH FRIENDS that doesn't work 90% of the time!
2. downphoenix (Posts: 2416; Member since: 19 Jun 2010)
That $50 million will turn into $50000 pretty quick if he cant change course for Zynga. Given the Xbox One disaster, I dont have much faith.