EA will make ‘substantial changes’ to executive pay following largely negative feedback from shareholders.A regulatory filing ahead of a ‘say-on-pay’ vote in August reveals that EA has proposed a substantial cut to executive pay.It’s proposed that CEO Andrew Wilson will be awarded $18 million (£12.8 million) for the 2022 financial year – 60% of which is performance-based.That’s a staggering 40% pay cut compared to his $30 million (£21.4 million) equity award for 2021.This all comes after last year’s ‘say-on-pay’ vote unearthed dissent amongst shareholders.The vote saw 170.89m votes against the company’s pay plan versus just 59.6m votes in support.Although the vote was only advisory, this clearly struck a chord with the EA board.“We.
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